#57 ETF Do You Mean?
Proshares Bitcoin futures ETF set to launch on NYSE tomorrow
What to know where crypto markets are heading next? Check out the Foot Guns Cheat Sheet.
It was announced over the weekend that a Bitcoin Futures ETF will launch this week and confirmed this morning to go live Tuesday October 19th on the NYSE.
Is this a good thing? This news has been received with mix response including statements from global macro investor, Raoul Pal, who has recently become obsessed with crypto, that the ETF will be a net lose for retail investors.
Other smaller are investors have been quick to point to oils crash into negative numbers which created contango with the oil futures ETF leading to a drastic underperformance.
So, do you buy this news?
The CEO of Three Arrow Capital, Signapore based crypto investment firm, has this to say.
Here at Foot Guns we report the news for your entertainment. If you want to know where markets are going check out the Foot Guns Cheat Sheet.