Expert Says Bitcoin ETFs Could Face Premiums Of Up To 8%: ‘It Will Be Some Crazy Number’
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Benzinga
Benzinga
If a Bitcoin exchange-traded fund (ETF) is approved, it could potentially trade at a premium of 8% compared to the actual value of the underlying assets, according to a recent statement by a prominent figure in the ETF industry. What Happened: In an interview with Bloomberg TV on Monday, Reggie Browne, the head of ETF trading at GTS, suggested that the approval of a Bitcoin ETF could lead to a premium of up to 8% over the actual value of the assets. This is in contrast to the ProShares Bitcoin Strategy ETF, which, over the past year, has only seen an average premium of 0.02% due to holding Bit…