@Wayneqq:
$ProShares Bitcoin Strategy ETF(BITO)$The firstbitcoin linked ETF to allow investors to gain exposure to bitcoin returns. But… this fund does not invest in bitcoin directly.. it invest in bitcoin futures contracts.. Hummm.. so what is bitcoin futures contract?According to the ETF prospectus.. it invest in cash settled, front-month bitcoin futures. Front-month bitcoin futures contracts are contracts that are near maturity. So.. on maturity, the contracts are settled in cash.. either profit or loss depending on the contract price vs the bitcoin price..The fund also invest in money market instruments such as US treasury bills and repurchase agreements of a year or less to park their excess cash.They also engage in reverse repurchase agree