Blockchain & Bitcoin Strategy ETF (BITS) USD Price

The Blockchain & Bitcoin Strategy ETF (BITS), managed by Global X, is a futures ETF with an inception date of November 10, 2021. Unlike spot ETFs, which directly hold the underlying assets, a futures ETF invests in Bitcoin futures contracts and equities of companies involved in blockchain technology. This means BITS tracks the prices of Bitcoin futures contracts traded on commodity exchanges, as well as the performance of blockchain-related stocks, rather than the current market price of Bitcoin itself. As a result, the performance of a futures ETF like BITS may differ from the spot price of Bitcoin due to factors such as contract rollover, futures market conditions, and the performance of the blockchain sector. BITS charges an annual management fee of 0.65%.