4 Reasons Not to Invest in Bitcoin Futures ETFs

Posted on by American Coins & Gold

4 Reasons Not to Invest in Bitcoin Futures ETFs
Bitcoin futures exchange-traded funds (ETFs) have arrived in the U.S. with the Securities and Exchange Commission (SEC) approving ProShares’ Bitcoin Strategy ETF (BITO), and a string of others is expected to follow.Should you buy any of these?As I’ve told subscribers to my Crypto Capitalist Letter, the short answer is no.Mark E. Jeftovic is the CEO of easyDNS and author of The Crypto Capitalist Letter.Here’s why:We have better ways to gain our exposure to bitcoin, and here we’ll look at why a bitcoin futures ETF has drawbacks even as compared to a spot ETF.The difference between a futures ETF and a…