A futures ETF would allow investors to buy shares that represent futures contracts (which bet on the price of Bitcoin going up and down), rather than the digital asset itself
Isn’t this absurd? Why can’t they just buy the asset itself. Why create something that represents it? What am I missing?
They say it's because the market can get manipulated and they are protecting investors.
What they actually want is a derivative asset they can manipulate and control.
Exactly. Because if the bitcoin market gets manipulated, it’s going to affect the ETF also right? Since it depicts the price of bitcoin