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The first Bitcoin ETF debuts: What's your thought?
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Daily Poll: Bitcoin ETF? What's in the package?

Daily Poll: Bitcoin ETF? What's in the package?
The first  $Bitcoin (BTC.CC)$  exchange-traded fund is expected to start trading this Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account.

The ETFs would buy bitcoin futures contracts, primarily front-month trading on a regulated venue like the Chicago Mercantile Exchange (CME), in a bid to mimic the cryptocurrency’s price performance instead of purchasing actual coins.

Assuming Wall Street embraces these ETFs, the futures premium, or the spread between futures prices and spot prices, would rise significantly, boosting yields from cash and carry strategy, which involves buying the asset in the spot market and simultaneously selling futures contracts.
“If the futures ETF comes out, there will be more inflows into buying futures.

Despite the lack of faith over non-futures ETF, the world's biggest cryptocurrency still rose to $61,869.05, its highest since mid-April. It has risen by more than half since Sept. 20 and is closing in on its record high of $64,895 hit in April.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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