The VanEck Bitcoin Strategy ETF (XBTF) began trading with a management fee of 0.65%, the lowest expense ratio among the three Bitcoin futures funds available.
A total of 38 new ETFs came to the market last a month. Here's a look at the new funds, which included several focused on cryptocurrencies and blockchain technology.
Bitcoin will emerge as the primary asset index for the Western world and will eventually replace SPY, which is a $425 billion fund that tracks the equity index, says MicroStrategy CEO Michael Saylor.