What the ProFunds Bitcoin Futures Mutual Fund Means for a Bitcoin ETF
September 03, 2021 at 17:23 PM EDT
ProFunds launched the Bitcoin Strategy ProFund at the end of July, the first of its kind publicly available mutual funds or ETFs in the U.S. to give investment results that correspond to bitcoin’s performance. The fund allows the incorporation of bitcoin exposure into a portfolio and eliminates the need for exchanges and crypto wallets by investing in bitcoin futures.