Cryptocurrencies
Bitcoin Futures ETF Frenzy Is Fading Fast as Another Fund Debuts
- Assets in BITO have plateaued after record-shattering launch
- Lower management fees may help differentiate VanEck ETF
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A third U.S. Bitcoin futures exchange-traded fund entered the market -- just as demand has dropped off.
The VanEck Bitcoin Strategy ETF (ticker XBTF) launched Tuesday, roughly one month after the ProShares Bitcoin Strategy fund (BITO) became the first of its kind to start trading and debuted to record-setting demand.