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First Bitcoin ETF Moves to November Contracts as Competition Heats Up
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Despite initial worries that the first bitcoin (BTC) futures-backed ETF would turn out too popular for its own good, data from the ETF’s issuer, ProShares, shows that it is still trading at modest premium.
As of Thursday, the ProShares Bitcoin Strategy ETF with the ticker BITO traded at a premium over its net asset value (NAV) of just 0.04%, after having seen premiums as high as 0.15% on October 21, data from ProShares showed.
The data is interesting given previous reports of ProShares being in danger of hitting a limit set by the Chicago Mercantile Exchange (CME) on how many front-month futures contracts a single entity can hold. The current limit is still that a single ETF can hold a maximum of 2,000 front-month futures contracts, with
Read more on cryptonews.comAbout this in other media
US Securities and Exchange Commission (SEC) Rejects Rules To List, Trade Shares Of VanEck Bitcoin ETF ndtv.com /3 years ago
Traders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K cointelegraph.com /3 years ago
SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K cointelegraph.com /3 years ago
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