Bitcoin ETFs, particularly Bitcoin futures ETFs, allow investors to gain exposure to Bitcoin's price movements without directly owning the cryptocurrency. These funds invest in Bitcoin futures contracts, which are regulated by the Commodity Futures Trading Commission (CFTC) and trade on exchanges like the Chicago Mercantile Exchange. The ProShares Bitcoin Strategy ETF (BITO) is a notable example, approved in 2021. Recently, Bitcoin ETFs have seen significant institutional interest, with holdings surpassing 1 million BTC, raising concerns about market centralization and access for smaller investors.
It will surprise you one day.
