Unwarranted

ProShares Says BITO ETF Has Tracked Bitcoin Price Closely, Futures-Trading Concerns Are Unwarranted

From the very beginning, observers speculated BITO and other futures-based ETFs would significantly underperform bitcoin due to costs associated with rolling over, or selling expiring futures contracts and buying the next set. Usually, longer-dated futures contracts trade at a premium to those closer to expiry, a condition known as contango.

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