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Why investors are not entirely sold on investing in a Bitcoin futures ETF
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With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.
We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend $9.5 per $1000 worth of investment each year.
Additionally, it can be an expensive call for frequent traders when compared against BTC wallet traders. And, that’s not all as some brokers also require
Read more on ambcrypto.comAbout this in other media
Valkyrie Bitcoin futures ETF to launch on Nasdaq on Oct. 22 cointelegraph.com /3 years ago
Bitcoin futures highlight some pitfalls for new ETFs economictimes.indiatimes.com /3 years ago
Bitcoin futures ETF hits $1B AUM in a record-breaking two days cointelegraph.com /3 years ago
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