The Swiss firm claims that using futures in a contango market can be a very costly exercise for investors
Leonteq is making a case for its tracker certificate on Bitcoin to be a superior trade compared to the recently launched ProShares Bitcoin Futures (BITO) ETF which went live on 19 October and raised US$1 billion in two days. The Leonteq Bitcoin Tracker is based on the bitcoin spot price while the BITO ETF is based on a rolling bitcoin futures strategy using CME bitcoin futures. This strategy faces some challenges such as significant roll costs, and deleveraging in case of a contan
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