The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the "contango bleed," exacerbated by this year's rebound in BTC price.
ProShares' Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
Coin Desk - 30 May 2023 22:37
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the "contango bleed," exacerbated by this year's rebound in BTC price.
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