FIRST AMERICAN BITCOIN ETF - BITO vs BTCC-U, BTCX-U and EBIT
What is a Bitcoin Futures ETF anyway? Proshares has dropped BITO, a Bitcoin ETF which is the first of it's kind in the USA. What is the Proshares Bitcoin ETF all about and what do you need to know about it? Well it's a Bitcoin FUTURES ETF which inherently makes it a bit different than the normal Bitcoin ETFs.
I'll cover how BITO compares to the Purpose ETF BTCC-U, EVOLVEs EBIT.U and CI Galaxy's BTCX-U. I'll also talk about what I think the the bigger picture BIG NEWS is with this development.
--------------------------------------------------------------------------------------------------------
Find me on instagram: / seansoloinvest
My TikTok: / seansoloinvests
--------------------------------------------------------------------------------------------------------
Chapters:
Intro (0:00)
BITO Info (0:54)
Advantages (2:49)
The Big Deal (3:13)
Outro (3:39)
Affiliate Links:
Passiv (helps the channel if you open an Elite Account): https://passiv.com/?ref=ZPBJDBVGUJ
Questrade/Questwealth: https://www.questrade.com?refid=5d452...
#BITO #proshares #BITOetf #ProsharesBitcoinETF #bitcoinetf #bitcoin
Please Note: I am not a certified financial planner. I like talking about businesses and I'm just sharing things that I've learned through my own experience and hope it helps you out. This video is for entertainment purposes only. You should always do your own research about investments and do what is right for you.
Sources
https://www.cnbc.com/2021/10/18/first...
https://www.proshares.com/funds/bito....
https://www.purposeinvest.com/funds/p...
https://www.firstasset.com/solutions/...
https://evolveetfs.com/product/ebit/%...
Credits
Closed sign Video by Bonus Studio from Pexels
Gavel Video by pickarick from Pexels