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To what extent has ProShares’ ETF launch dented GBTC’s prospects
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After a lot of speculation and waiting, the ProShares Bitcoin Strategy ETF began trading as the first-ever crypto-ETF in the United States on 19 October. Given the multiple rejections faced by ETFs over the years, this fund’s approval managed to stir up a lot of pomp and excitement in the community.
The launch of this exchange-traded fund marked the entry of a new crypto-centric investment vehicle in the space. Amidst the hype and hoopla, an age-old inconclusive debate about “the better investment vehicle” managed to resurface.
A few from the community have already started arguing that the newly launched fund has begun sucking customers away from Grayscale’s Bitcoin trust investment vehicle. Well, every argument has two sides and so does
Read more on ambcrypto.comAbout this in other media
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