Home Cryptocurrency BITO Volume Drops 75% as Focus Shifts to Spot Bitcoin ETFs

BITO Volume Drops 75% as Focus Shifts to Spot Bitcoin ETFs

by SuperiorInvest

“The risk of being exposed or unhedged is very high, so BITO will provide a decent hedge, although it is not a perfect hedge as there is slippage and a decent cost to purchase BITO,” Kssis added. “But many APs will have no choice (since they cannot buy bitcoins or their compliance department does not allow them to touch them) or even will not have the infrastructure, i.e. the custodian or the administrative system to reconcile their positions.”

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