The ProShares ETF is structured to invest in bitcoin futures contracts traded on the Chicago-based CME, rather than investing in the cryptocurrency directly. So the ETF by itself won’t introduce any new demand for bitcoin. However, traders might buy more bitcoin as they look to hedge against the futures price or take advantage of pricing disparities.
Guide to Achieving a Strong Blockchain Marketing Strategy in 2023
Blockchain technology has been rapidly growing in popularity over the past few years, and it is expected to continue its...