Bitcoin is finally back in the focus again after a crypto winter for the last 2 years. Year-to-date, Bitcoin is already up by 127%. Barring any big changes in the next 7 weeks, Bitcoin should be one of the top few assets in terms of price performance this year. In the recent month, the news of a potential Bitcoin spot ETF approval was what fuels the rise in the prices. Since the news broke out in mid October, the Bitcoin price has been up by around 30%. So why is this a big deal? Don't we already have a Bitcoin Futures ETF (ProShares Bitcoin Strategy ETF) approved two years ago? How is this different from a Bitcoin spot ETF? The difference is this. A Bitcoin Futures ETF like ProShares Bitcoin Strategy ETF only allows investors to buy into a fund which holds futures contracts, instead of really investing in Bitcoin....Bitcoin is finally back in the focus again after a crypto winter for the last 2 years. Year-to-date, Bitcoin is already up by 127%. Barring any big changes in the next 7 weeks, Bitcoin should be one of the top few assets in terms of price performance this year. In the recent month, the news of a potential Bitcoin spot ETF approval was what fuels the rise in the prices. Since the news broke out in mid October, the Bitcoin price has been up by around 30%. So why is this a big deal? Don't we already have a Bitcoin Futures ETF (ProShares Bitcoin Strategy ETF) approved two years ago? How is this different from a Bitcoin spot ETF? The difference is this. A Bitcoin Futures ETF like ProShares Bitcoin Strategy ETF only allows investors to buy into a fund which holds futures contracts, instead of really investing in Bitcoin....
