3 ms·

Futures ETFs own no Bitcoin. Spot ETFs would.

• paxys 3y ago
  People buying into the ETFs don't own the Bitcoin either way, so doesn't really make a difference to them.
  • sowbug 3y ago
    Your original question was about price. Institutional demand in an asset generally reduces its open supply. That should affect the price.
    • paxys 3y ago
      If someone buying into the bitcoin ETF takes away the same transaction from Coinbase then the net result is the same.
  • jcliff 3y ago
    On the contrary, it makes a significant difference. Futures have to roll over monthly and there's costs associated with that. Depending on the slope of the futures curve, the costs can be high (10+%). Holding spot bitcoin solves this problem and makes the fund more palatable to advisors and institutions.