Competition is generally good for consumers, as per the prevailing conventional wisdom. For those who still doubt this paradigm, look no further than the price wars breaking across Wall Street over the imminent launch of spot Bitcoin ETFs. Some of our readers might be confused by all of the brouhaha over the launch of these spot Bitcoin ETFs, and rightfully so. After all, futures-based ETFs of the world's preeminent cryptocurrency already exist. However, Bitcoin's futures-based ETFs do suffer from material underperformance due to the fact that the contracts for the months ahead are usually priced at a premium to the […]
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