BITO is structured to invest in bitcoin futures contracts traded on the Chicago Mercantile Exchange, rather than investing in the cryptocurrency directly, which is one reason why some analysts don’t expect the fund to have a significant impact on BTC’s spot price.
Related posts
-
Analyst predicts $52k Bitcoin amid declining whale activity
Bitcoin (BTC) has gained bullish momentum amid declining whale activity while an analyst expects a downfall... -
Bitcoin Cash eyes partnership with Cardano as investors flock to Rollblock
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
XRP To Hit Zero Vs. BTC? Veteran Cites ‘Pure Classical Charting’
In a recent analysis shared via X, Peter Brandt, regarded as one of the leading experts...