Troy Goldstein, Director, Head of National Accounts, Simeon Hyman, CFA, Global Investment Strategist, Head of Investment Strategy and Leks Gerlak, CFA, CFP, Investment Strategist at ProShares introduce BITO, the first Bitcoin-Linked ETF.
BITO, rather than investing directly in bitcoin, provides managed exposure to bitcoin via bitcoin futures contracts. This approach grants investors access to bitcoin in a liquid, transparent structure, without the need for often complicated crypto wallets or unregulated exchanges. Advisors can leverage BITO in their portfolio as a way to seek capital appreciation, as a complement to traditional asset classes, as a part of their currency allocation, or as a hedge against inflation.
Since launching on October 19th, BITO has gathered more than a billion in assets. Bitcoin has surged following the news of the first U.S. Bitcoin ETF, topping $66,000 the day after BITO’s debut. The demand for Bitcoin access via a liquid structure, does not appear to be slowing down as several other providers are set to roll out Bitcoin-linked ETFs over the coming weeks.
To learn more on this topic, register and watch ProShares’ webcast, BITO: The First U.S. Bitcoin-Linked ETF. In this discussion our experts will cover the following topics:
- Introduction to bitcoin, the Bitcoin Protocol, and the Bitcoin Network
- Overview of futures and bitcoin futures
- Overview of BITO and its characteristics
A Q&A session will follow the main presentation. On Demand Soon.