比特幣期貨etf狂熱放緩，隨著華爾街按下暫停鍵

ETF Hub 發表了文章 · 2021/11/06 15:32

美國交易所交易基金應該與比特幣期貨相關，但在對第一個基金的過度需求震動華爾街的關鍵中間人後，這種情況已經基本消失 - 目前為止

華爾街分析師預計將有多達四種比特幣期貨etf於十月開始交易，此前SEC對這種結構默許；然而實際上只有兩種產品，來自ProShares和Valkyrie InvestmentsProShares $比特幣期貨ETF-ProShares (BITO.US)$ 和 Valkyrie Investments $比特幣&以太幣期貨ETF-Valkyrie (BTF.US)$, debuted.

The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $比特幣期貨ETF-ProShares (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.

In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $比特幣期貨ETF-ProShares (BITO.US)$ -- which last monthaccumulated more than 10億美元 在短短兩天內的資產，是有史以來最大的推出之一——讓期貨經紀商 FCm 反覆思考。此現金湧入快速消耗了擔任比特幣期貨交易所的公司的資產負債表平衡。 FCm 在BITO推出時成為其期貨的交易所，這讓一位熟悉此事的人士看到了對比特幣期貨風險暴露可能產生的監管資本限制。