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First Bitcoin ETF Moves to November Contracts as Competition Heats Up
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Despite initial worries that the first bitcoin (BTC) futures-backed ETF would turn out too popular for its own good, data from the ETF’s issuer, ProShares, shows that it is still trading at modest premium.
As of Thursday, the ProShares Bitcoin Strategy ETF with the ticker BITO traded at a premium over its net asset value (NAV) of just 0.04%, after having seen premiums as high as 0.15% on October 21, data from ProShares showed.
The data is interesting given previous reports of ProShares being in
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