It’s an exciting week to be a crypto investor. After years of waiting, we finally have a bitcoin ETF!
At least… as close as we can get to a bitcoin ETF right now.
ProShares will launch its Bitcoin Strategy ETF tomorrow. The ETF is based on bitcoin futures — not bitcoin’s actual price — and will trade under the ticker symbol BITO.
If you want to put money into the ETF, it’ll cost you $9.50 for every $1,000 you invest. (Not bad… until you consider that it’s almost double the average ETF fee.)
In this episode of Crypto Insider, Vin Narayanan and Andy Gordon rate their excitement over this new development and explain what it means for crypto. Is this ETF the vehicle that will finally bring bitcoin to the masses?
Thanks for watching!