Big ETF Launches

[yogibearbull]

M* has a good article on the new futures based Bitcoin ETF BITO (2021) and BTF (2021), and a comparison with other big ETF launches such as physical gold-bullion USO (2004), physical silver-bullion SLV (2006), futures-based crude oil/WTIC USO (2006), etc.

www.morningstar.com/articles/1063022/bitcoin-etfs-should-you-jump-on-the-bandwagon

[yogibearbull]

There is now a filing for an inverse/bear-Bitcoin-ETF.

nypost.com/2021/10/27/bitcoin-tumbles-amid-filing-for-etf-that-would-bet-against-it/

www.sec.gov/Archives/edgar/data/1424958/000119312521308123/d248159d485apos.htm

[roi2020]

Wow, first day trading volume for BITO is off the charts!

[javajoe]

Bitcoin Futures <> Bitcoin

[yogibearbull]

Oct 28, 2021 0:28:31 GMT javajoe said:

Bitcoin Futures <> Bitcoin

Meaning unclear as the two are different. Current Quotes:

Bitcoin Spot             58,528
Bitcoin Oct Futures  58,560 (settle in a couple of days, so very close to spot)
Bitcoin Nov Futures  58,850
Bitcoin Dec Futures  58,930

So, there is contango and monthly roll-cost.

[javajoe]

Yea sorry yogibearbull, that was my point... Investing in bitcoin futures ETF's is likely going to have very different returns than investing in Bitcoin itself.