Bitwise Launches New Bitcoin Linked ETF BITC for Long Term Investors
On March 21st, Bitwise announced the launch of Bitwise Bitcoin Strategy Optimal Roll ETF (code: BITC). BITC is a new type of Bitcoin linked ETF designed for long-term investors seeking to increase their Bitcoin exposure. The fund does not invest directly in Bitcoin. The Fund provides targeted exposure to Bitcoin through regulated futures contracts, and seeks to maximize potential rollover returns through selective analysis of Bitcoin futures other than monthly or near monthly contracts.
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Bitwise has recently revealed the launch of a new type of Bitcoin linked ETF called Bitwise Bitcoin Strategy Optimal Roll ETF (code: BITC) on March 21st. The main target audience of this ETF product seems to be long-term investors who are looking to increase their exposure to Bitcoin. However, it should be noted that BITC does not invest directly in Bitcoin, instead it provides targeted exposure to Bitcoin through regulated futures contracts. In addition, BITC aims to maximize potential roll-over returns through a selective analysis of Bitcoin futures that are not monthly or near-monthly contracts.
This ETF product represents a new way for investors to gain exposure to Bitcoin, and it could potentially spur more innovations. The use of Bitcoin in the ETF market has been a hot topic of debate within the financial industry. Given the popularity of ETFs as an investment vehicle, the creation of BITC could represent a significant step in the broader adoption of Bitcoin within the traditional finance space.
It is worth emphasizing that BITC’s investment structure seems to cater well to risk-averse investors who may be hesitant to invest directly in Bitcoin due to its price volatility. By offering targeted exposure to Bitcoin through futures contracts, BITC may be an attractive option for investors who want to diversify their portfolios and mitigate risk.
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