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ProShares’ Bitcoin Futures ETF Underperforms BTC This Year: K33 Research
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.
Updated May 31, 2023, 4:44 p.m. Published May 30, 2023, 8:37 p.m.
