Global X is about to launch a BTC futures strategy ETF, with the code BTRN
According to Golden Finance, Bloomberg ETF analyst James Seyffart stated on social media that Global X's BTC Futures Strategy ETF will be launched on March 21, 2024, with the code BTRN. The Global X BTC Futures Strategy ETF aims to provide investment results corresponding to the price and return performance (minus fees and expenses) of CoinDesk Bitcoin futures index futures ("base index"). According to the prospectus, this fund will invest at least 80% of its total assets plus borrowings for investment purposes (if any) in component stocks of CoinDesk Bitcoin futures index futures and other securities determined by advisors to have economic characteristics essentially identical to those constituting the base index components (such as US-listed Bitcoin futures ETFs). In addition, in order to track relevant indices, this fund may invest in debt securities not included in related indices, cash and cash equivalents or money market instruments such as repurchase agreements and money market funds.
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