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ProShares Says BITO ETF Has Tracked Bitcoin Value Intently, Futures-Buying and selling Considerations Are Unwarranted

SB Crypto Guru News by SB Crypto Guru News
July 23, 2023
in Bitcoin
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ProShares Says BITO ETF Has Tracked Bitcoin Value Intently, Futures-Buying and selling Considerations Are Unwarranted



From the very starting, observers speculated BITO and different futures-based ETFs would considerably underperform bitcoin because of prices related to rolling over, or promoting expiring futures contracts and shopping for the following set. Often, longer-dated futures contracts commerce at a premium to these nearer to expiry, a situation often called contango. The contango tends to steepen throughout bull runs, and the steeper the contango, the upper the prices, and the so-called contango bleed.



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Tags: BitcoinBitcoin NewsBITOCloselyConcernsCrypto NewsCrypto UpdatesETFFuturesTradingLatest News on CryptoPriceProSharesSB Crypto Guru NewsTrackedUnwarranted
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