Are Bitcoin Futures ETFs Safe?

Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

In this video, I discuss the many problems with Bitcoin mutual funds and Bitcoin ETFs that are backed by Bitcoin futures.

Since the Bitcoin futures curve is almost always in a state of contango, holding Bitcoin futures will almost always lead to underperformance, due to the negative carry.

I think it's much safer to avoid any tracking error or counter-party risk by holding BTC itself on a hardware wallet like the ColdCard or Blockstream Jade.

Not investment advice! Consult a financial advisor.

BTCFX:
https://www.profunds.com/mutual-funds/bitcoin-strategy
https://www.profunds.com/siteassets/profunds/fund-details/funds/bitcoin-strategy/profundsfactsheetbitcoin_strategy.pdf

CME BTC futures settlement prices:
https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.settlements.html?gad=1&gclid=Cj0KCQjw84anBhCtARIsAISI-xdYwvSfRObUWGrW7di7Fiv0TsWTOjg8UsbAmuWB0d2yly8r8uTvH-YaAlFtEALw_wcB&gclsrc=aw.ds

The Most Dangerous ETFs (Leveraged ETFs, Oil ETFs, and more):
https://www.youtube.com/watch?v=_psWDQUy1XU&ab_channel=BitcoinUniversity

SEC Approves First Leveraged Bitcoin Futures ETF:
https://decrypt.co/145996/sec-approves-first-leveraged-bitcoin-futures-etf

My BlackRock and Bitcoin video playlist:
https://www.youtube.com/playlist?list=PL7w04GVKPitGI79t5iSunKFO7Qs4RC1rC

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#ETF
#Futures

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