ProShares sees the benefits of the launch of spot Bitcoin ETFs for its Bitcoin futures products, according to a senior investment strategist.
ProShares, a major issuer of futures-based Bitcoin (BTC) exchange-traded funds (ETF), doesn’t face any threats potentially associated with the launch of spot Bitcoin ETFs in the United States, according to a senior executive.
ProShares sees benefits from the launch of spot Bitcoin ETFs for its futures products, both on the operational and commercial sides, ProShares global investment strategist Simeon Hyman said in an interview with Cointelegraph on Feb. 2.
The company’s flagship Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO), has seen “very efficient” trading volumes with the launch of spot Bitcoin ETFs, Hyman said.
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Source: https://cointelegraph.com/news/proshares-bito-benefits-spot-bitcoin-etf-launch