The Volatility Shares 2x Bitcoin Strategy ETF (BITX) is set to launch on Tuesday, making it the first leveraged bitcoin futures fund.
Traders will soon have a new way to bet on bitcoin while Wall Street waits to see if the long-awaited spot bitcoin funds are approved by federal regulators. The Volatility Shares 2x Bitcoin Strategy ETF is set to launch on Tuesday. There are already several bitcoin futures funds on the market, including the $1 billion ProShares Bitcoin Strategy ETF , but BITX will be the first leveraged ETF in the space.
which uses margin accounts to gain leverage, is designed to be a short-term trading vehicle, and the fund's prospectus cautions that the promised two-times return is only applicable over one-day periods. Like many leveraged products, BITX is more expensive than traditional ETFs with a management fee of 1.85%. Volatility Shares is small ETF manager, and BTIX will be its first crypto related fund. Its biggest fund is the 2x Long VIX Futures ETF , which has just under $100 million in assets.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC Approves First Ever Leveraged Bitcoin Futures ETF | CoinMarketCapThe US Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin futures exchange-traded fund (ETF), Volatility Shares 2X Bitcoin Strategy ETF (BITX).
Leer más »
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a yearThe oldest Bitcoin ETF in the US saw an uptick in weekly capital inflows as institutional investors seemingly had their interest revived by BlackRock’s application for a spot Bitcoin fund.
Leer más »
ProShares' Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a YearProShares’ Bitcoin Strategy ETF (BITO) – a $BTC futures fund – last week recorded the highest weekly inflows in over a year. By shauryamalwa.
Leer más »
GBTC's discount to NAV narrows as Bitcoin ETF race kicks offGBTC's discount to NAV has narrowed in the wake of a flurry of new Bitcoin ETF filings, suggesting increased investor confidence.
Leer más »
BlackRock ETF filing could be 'turning point' for bitcoin, Ark saysBlackRock's filing for a spot bitcoin ETF could be a turning point to institutional acceptance, Ark Invest said.
Leer más »