Contango Conmigo: Why a Bitcoin Futures ETF Could Be a Bloody Ride

Posted on by American Coins & Gold

Contango Conmigo: Why a Bitcoin Futures ETF Could Be a Bloody Ride
Since at least 2013, when the Winklevoss twins first filed an application to create one, a bitcoin exchange-traded fund (ETF) has been the crypto industry’s white whale. An ETF would open bitcoin investment to a huge new array of players, from individual 401(k) users to major institutions, who can’t buy bitcoin directly for regulatory or compliance reasons. Yesterday, we finally got a bitcoin ETF … sort of.This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here.The ProShares Bitcoin Strategy ETF (BITO)…