The ProShares Bitcoin Strategy ETF (BITO) has reached a new record in assets under management (AUM) as Bitcoin surged past $38,000 in November. The fund's Bitcoin futures contracts have reached a value of $1.47 billion, up from $1.1 billion at the beginning of the month. Despite the growing excitement for a U.S. Bitcoin spot ETF, which could potentially compete with BITO, the fund's Global Investment Strategist, Simeon Hyman, believes that BITO will coexist nicely alongside spot-based funds. Hyman points out the advantages of the regulated futures market and the potential for faster price translation compared to the spot market. He also believes that a Bitcoin spot ETF will not have as powerful of an impact on the market as investors realizing the benefits of including crypto in their investment portfolios.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.