DailyCoin
Published Nov 24, 2021 02:55AM ET
Huobi Research Institute Publishes “Bitcoin Futures ETFs: A Dive to Product Features” Report
Huobi Research Institute, the leading blockchain application research house, has published its latest research report titled “Bitcoin Futures ETFs: A Dive to Product Features”.
The first batch of U.S. “nominal” Bitcoin ETFs, BITO and BTF, finally launched in October 2021. Market sentiment has been highly positive, leading the CME Bitcoin Futures’ open interest to rise 49% and reach a historic high of $5.45 billion in net worth. Up to November 2, BITO (ProShares) had achieved an exposure value of over $1.28 billion, nearly 24 times greater than BTF (Valkyrie) which launched merely 2 days later, demonstrating a huge market advantage for “early birds”.
Key Highlights of the Report
A comparison of 6 Futures ETF filings shows:
Looking forward, we expect the crypto asset management market to face a rat race that will lead to an increase in arbitraging activities in the short run due to the nature of the product. In the long run, we believe Bitcoin futures ETFs could be the bridge to the launch of spot ETFs. The current gap could be an opportunity for crypto-friendly countries in the EU and Asia, especially the UK, Germany, Switzerland, Singapore, and Malaysia.
Information provided by FinancialNewsMedia.
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