BITO Quantity Tanks 75% As Focus Shifts to Spot Bitcoin ETFs

by Jeremy

“The danger of being uncovered or unhedged may be very excessive, so BITO will present first rate cowl, though it’s not an ideal hedge as there’s slippage and an honest price to purchase BITO,” Kssis added. “However many APs received’t have a selection (since they will’t purchase bitcoin or aren’t allowed to the touch them by their compliance dept) and even received’t have the infrastructure, i.e., custodian, or again workplace system to reconcile their positions.”

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