“The futures-based ETFs are more expensive and less efficient than the spot-based,” explained Vetle Lunde, an analyst at Arcane Research, in a blog post last month. “This is a result of their complicated structure requiring more maintenance.
If the first final verdicts are negative, I would not be surprised to see turmoil in the futures market and new rounds of liquidations. They will allow more institutional investors to invest in bitcoin through an easily accessible investment vehicle…