ProShares have launched the first Bitcoin ETF - should you own it?
Cryptocurrency, Bitcoin is displayed in front of the Bitcoin course's graph on June 25, 2019 in Paris, France. Bitcoin surpassed the 11,000 dollar mark Monday, Facebook's arrival on the cryptocurrency market with Libra has boosted global interest around the various currencies in circulation. Bitcoin has reached its highest level since March 5, 2018.After months of rumors and attempts from multiple firms, ProShares have launched the the first Bitcoin ETF this week.
Also, depending on how the futures are traded there is some risk that the way futures prices move don’t exactly mirror the price moves of Bitcoin. Futures and ETFs are both well-established financial instruments, so the overall risks here are low. However, the price of a future not matching the spot price is quite routine for a host of reasons and so if you’re buying the ETF don’t expect your returns to track the Bitcoin price perfectly. Of course, time will tell if this works out in your favor. There may well be times when spot Bitcoin performs better and other times when futures have an edge.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
BITO | ProShares Bitcoin Strategy ETF Overview | MarketWatchBITO | A complete ProShares Bitcoin Strategy ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.
Les mer »
First bitcoin futures ETF rises 3% in trading debut on the NYSEThe fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself.
Les mer »
Bitcoin hits new record high, topping $65,000Bitcoin, the world’s largest cryptocurrency, climbs more than 2% to $65,607.92, topping a previous record of $64,899 set in April.
Les mer »
Bitcoin hits new record high, topping $66,000Bitcoin, the world’s largest cryptocurrency, climbs more than 2% to $65,607.92, topping a previous record of $64,899 set in April.
Les mer »
Emma Watkins Just Announced That She's Leaving The Wiggles After 11 Years“I am eternally grateful to The Wiggles for giving me this amazing opportunity to become the first female Wiggle, a role that I have loved and has given me so much joy...”
Les mer »
Santoli’s Tuesday market notes: Earnings power stocks higher, bitcoin futures ETF gets warm welcomeNew for subscribers: Santoli’s Tuesday market notes: Earnings power stocks higher, bitcoin futures ETF gets warm welcome. Check out CNBCPro today.
Les mer »