The full name of the first Bitcoin ETF in the United States is the ProShares Bitcoin Strategy ETF ("fund"), which was created by the asset management company ProShares. According to Linkedin, ProShares has been at the forefront of the ETF revolution since 2006. It has one of the largest ETF team in the United States and enjoys a wide global reputation. It provides investors with innovative strategic ETFs aimed at managing risks and improving returns. Its products include various forward tracking index ETFs, as well as inverse ETFs that provide low leverage.

The main investment strategy of ProShares Bitcoin Strategy ETF is to seek capital appreciation by managing the exposure of Bitcoin futures contracts, but the fund does not directly invest in Bitcoin, so the so-called "Bitcoin ETF" is actually a Bitcoin futures ETF. This is a standardized and cash-settled Bitcoin futures contract registered with the US Commodity Futures Trading Commission (CFTC) and traded on commodity exchanges. The value of Bitcoin futures is determined based on the CME Bitcoin Reference Exchange Rate (BBR), seeking to invest in cash-settled near-month Bitcoin futures (near-month futures refers to the futures market that is closer to the delivery month but has not yet entered The futures contract of the delivery month).

The ProShares Bitcoin Strategy ETF fund is expected to obtain risk exposure by investing part of its assets in a wholly-owned subsidiary organized under the laws of the Cayman Islands and advised by ProShare Advisors. Under normal circumstances, the fund expects to invest approximately 25% of its total assets in the subsidiary. Of course, the fund adviser has the decision-making power to get the best benefit of the fund, so a situation higher than this ratio may occur.

The full name of the first Bitcoin ETF in the United States is the ProShares Bitcoin Strategy ETF ("fund"), which was created by the asset management company ProShares. According to Linkedin, ProShares has been at the forefront of the ETF revolution since 2006. It has one of the largest ETF team in the United States and enjoys a wide global reputation. It provides investors with innovative strategic ETFs aimed at managing risks and improving returns. Its products include various forward tracking index ETFs, as well as inverse ETFs that provide low leverage.

The main investment strategy of ProShares Bitcoin Strategy ETF is to seek capital appreciation by managing the exposure of Bitcoin futures contracts, but the fund does not directly invest in Bitcoin, so the so-called "Bitcoin ETF" is actually a Bitcoin futures ETF. This is a standardized and cash-settled Bitcoin futures contract registered with the US Commodity Futures Trading Commission (CFTC) and traded on commodity exchanges. The value of Bitcoin futures is determined based on the CME Bitcoin Reference Exchange Rate (BBR), seeking to invest in cash-settled near-month Bitcoin futures (near-month futures refers to the futures market that is closer to the delivery month but has not yet entered The futures contract of the delivery month).

The ProShares Bitcoin Strategy ETF fund is expected to obtain risk exposure by investing part of its assets in a wholly-owned subsidiary organized under the laws of the Cayman Islands and advised by ProShare Advisors. Under normal circumstances, the fund expects to invest approximately 25% of its total assets in the subsidiary. Of course, the fund adviser has the decision-making power to get the best benefit of the fund, so a situation higher than this ratio may occur.