Bitcoin Futures ETF Surges Past $1 Billion Amid Spot ETF Race
$BITO’s Strong Performance According to Eric Balchunas, Senior ETF Analyst for Bloomberg, $BITO had its largest weekly inflow in a year, accompanied by a notable trading volume of half a billion shares on Friday. Despite concerns about the impact of futures roll costs on $BITO’s performance, it has demonstrated an impressive ability to track the price of Bitcoin closely. advertisement Adding to it, Eric said: It’s lagged spot by 1.05% ann, but it’s fee is 0.95% = only 10bps of roll (extra) costs, which is rounding error. Many predicted >5% a yr. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...