“We’ve said that for a 100% bitcoin fund, we prefer the spot. We have not filed for a 100% futures [fund]. For a 3% to 5% position, we think that futures are a reasonable access tool. But for a 100% position, we think that you want the spot,” said Schwartz. “We’re making our filings as strong and compelling as possible, and you’ve got to get over the different issues from the SEC.”
Related posts
-
MicroStrategy enlarges Bitcoin coffers by $561m
MicroStrategy extended its weekly Bitcoin buying spree for the seventh consecutive time, solidifying its position as... -
Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC
The business intelligence firm Microstrategy has added more to its bitcoin (BTC) holdings, according to a... -
Metaplanet Picks up 620 Bitcoin as Ripple Token Leads Market Lower
XRP dropped 3% in the past 24 hours, leading losses among major tokens as bitcoin (BTC)...