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There's a Bitcoin ETF now. That should serve as a good proxy for crypto hype.
by realslimjd 5y ago
There's a Bitcoin ETF now. That should serve as a good proxy for crypto hype.
- arcticbull 5y agoThere is no US listed Bitcoin ETF. The Greyscale trusts are closed-end funds that are trading at a massive discount to NAV. -21.25% today for GBTC. [1] The BITO ETF doesn't hold Bitcoin but instead holds CME futures contracts. Scroll down to Holdings. [2] I would strongly encourage folks who do not know the difference between holding the underlying asset and holding futures contracts to avoid aping into this. [1] https://ycharts.com/companies/GBTC/discount_or_premium_to_nav https://ycharts.com/companies/GBTC/discount_or_premium_to_na... [2] https://www.proshares.com/our-etfs/strategic/bito https://www.proshares.com/our-etfs/strategic/bito