#BitwiseBitcoinETF The liquidity of the underlying bitcoin futures contracts is crucial for the ETF to operate smoothly. Limited liquidity in the futures market may result in wider bid-ask spreads, making it more expensive for investors to buy or sell shares of the ETF.

Because bitcoin futures ETFs are relatively new (compared to more established equity ETFs), they may temporarily have higher liquidity risk as they ramp up with investments and share issuance.©