Cryptocurrency Q&A
What is BITO fund?
What is BITO fund?
TaekwondoMasterStrength
Wed Dec 18 2024
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6 answers
1040
BITO fund, or ProShares Bitcoin Strategy ETF, is the first cryptocurrency ETF allowed by the U.S. Securities and Exchange Commission to be traded in the U.S. It does not hold physical BTC but invests in Bitcoin futures contracts, providing investors with exposure to bitcoin price movements without directly holding the cryptocurrency.
6 answers
Maria
Fri Dec 20 2024
In addition to futures contracts, the fund may also invest in cash, cash-like instruments, or other financial vehicles.
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LucyStone
Fri Dec 20 2024
Its primary investment objective is achieved through the allocation of its assets.
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Luca
Fri Dec 20 2024
These assets are predominantly invested in cash-settled Bitcoin futures contracts.
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DigitalLegend
Fri Dec 20 2024
These contracts are traded exclusively on an exchange registered with the Commodity Futures Trading Commission.
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Caterina
Fri Dec 20 2024
Currently, the registered exchange for these contracts is the Chicago Mercantile Exchange.
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