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Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital
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The latest bitcoin (BTC) futures exchange-traded fund (ETF) to be launched in the US – the VanEck Bitcoin Strategy ETF (XBTF) – has had a slow start compared to its two earlier competitors, ProShares’ BITO and Valkyrie’s BTF. But lower costs and a stronger brand should attract more capital over the long-term, some analysts argue.
When ProShares launched the first bitcoin futures ETF, BITO, on October 19, it was quickly deemed one of the most successful ETF launches of all time in the US. The fund
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