in

Goodnight’s First Bitcoin ETF Breaks $2.3 Billion in Two Weeks on the Market!

Nov. 2 (Bloomberg) — The total market capitalization of the nation’s first bitcoin-linked ETF, the Bitcoin Strategy ETF (ticker: BITO), sponsored and managed by ProShare, has surpassed $2.3 billion as of Oct. 29, 2021, according to the company’s official website. According to BITO’s official data, as of Oct. 29, its market capitalization was $2.393 billion, of which 51.15% were bitcoin futures contracts and the remaining 48.85% were U.S. government bonds. bitcoin futures contracts held by BITO are cash-settled bitcoin futures issued by the Chicago Mercantile Exchange (CME), and all current positions expire on Nov. 26.

[https://sfl.global/news_post/shouzhibitebietfshangshiliangzhoupo20yimeiyuan/](https://sfl.global/news_post/shouzhibitebietfshangshiliangzhoupo20yimeiyuan/)



View Reddit by JANE0505View Source

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

8 Comments

  1. It’s a futures ETF which is a scam. The premium over spot BTC price averages 20% and arbitrage groups (like crypto hedge funds) are making a killing with three-legged arbitrage trades involving ETF’s, miners, and BTC. I’ve been doing well with a few myself (20% gains weekly or so) using Mirror Protocol’s mAssets (synthetic miner stocks).

    If they want the large premium to fall somewhat they’ll have to let this trade 18+ hours a day like the CBOE is planning to do with volatility ETNs and products.

    Can’t wait for a physically backed ETF though. That’s free money. 🤑

What do you think?

Thrust Introduces Most Efficient Crypto Portfolio Builder

Thrust Introduces Most Efficient Crypto Portfolio Builder ⋆ ZyCrypto

Square to Consider Building a Bitcoin Mining System

Celsius Acquiring Israeli Cybersecurity Company GK8 for $115M