I am really enjoying this man’s content. He is very witty and cracks some funny jokes while delivering solid education about Tradi Fi products. Today he posted a video to YouTube discussing the BitWise ETF BITC.
The
TL:DR for this ETF:It buys CME BTC futures when a pump is confirmed. And when a dump is coming it buys treasuriesA screenshot of how it works
I took some screen shots of some of the slides that caught my attention
Why BITC over real bitcoin and mining stocks
Expected fiat returns
Risks that can wipe you out
Bottom line
I don’t think I need this product so I won’t be buying any shares but I can see how this product has market fit for those who hate volatility and don’t want to stomach watching BTC go down 50% to 80%. With this ETF you can pay BitWise 85 basis points to basically time the market and get a yield during the drawdowns.
Hopefully Adam and join stacker news so I can forward him the sats for reposting his content here.