Dears,
I’ve learn a bit about BTC ETFs, however I’m nonetheless fairly misplaced in understanding this topic. I wish to know of somebody might give me extra details about this. As an example, let’s take the next record of BTC ETFs.
- ISHARES BITCOIN TRUST (IBIT);
- FIDELITY WISE ORIGIN BITCOIN (FBTC);
- Hashdex Bitcoin Futures ETF (DEFI);
- BITWISE BITCOIN ETF (BITB);
- ARK 21SHARES BITCOIN (ARKB).
I have been analyzing the behaviour of the costs of those ETFs, and in contrast with the BTC value. And I seen that the BTC improve and/or lower not essentially implies in improve and/or lower of a given ETF. Which, for me, is kind of unusual, since, AFAIK, the purpose of an ETF for BTC is to scale back the chance of these enthusiastic about taking BTC as an investiment, relatively than a hedge. Due to this fact, AFAI see, the ETF value ought to improve because the BTC value will increase (despite the fact that not essentially by the identical price), and reduce likewise.
I wish to know whether or not my reasoning is right, and why.
Thanks and regards.
