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The bitcoin futures ETF has made the so-called crypto basis trade that's potentially risk-free even more profitable. Here's how it could also sustain the high yields available on stablecoins.

cryptocurrency 1 month ago
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Despite the many well-publicized potential pitfalls of a futures-based bitcoin ETF, the demand for the first-of-its-kind ProShares Bitcoin Strategy ETF (BITO) is massive. Within 90 minutes of the market open on Tuesday, the fund had traded half of a billion worth of shares, making it the biggest ETF …
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