L
LutherKing
Guest
Bitcoin futures ETFs are drastically underperforming compared to the spot Bitcoin while being down 19% against the spot's 9%.
While the CEO of Compound criticized the performance of the futures-backed ETF, Bloomberg ETF analyst Eric Balchunas pointed out the inaccuracy of the data provided. Balchunas said in his tweet that the fund is trailed by 2.5% monthly, which allows it to roll at 10-15% annually instead of 40%.
According to yahoo finance and many premium analyst reports and opinions its premium its hinting at 2% monthly which is OK for now as mostly such organization have premium in the range of 1-2%
The performance has not been great but it has got record inflow on funds
While the CEO of Compound criticized the performance of the futures-backed ETF, Bloomberg ETF analyst Eric Balchunas pointed out the inaccuracy of the data provided. Balchunas said in his tweet that the fund is trailed by 2.5% monthly, which allows it to roll at 10-15% annually instead of 40%.
According to yahoo finance and many premium analyst reports and opinions its premium its hinting at 2% monthly which is OK for now as mostly such organization have premium in the range of 1-2%
The performance has not been great but it has got record inflow on funds