A “physical” ETF, however, does not have the same problems as a futures-based solution. While crypto trading, custody and reporting is more expensive than traditional finance, a physical bitcoin ETF will not have the same drag as a futures-based ETF. We can certainly expect a physical bitcoin ETF to be more expensive than most ETFs on the market, but likely cheaper than a futures-based ETF.
Bitcoin Futures ETFs Are Here. Is a Physical ETF Soon to Follow?
