Bitcoin Mutual Fund Hits the Market as Crypto ETP Race Heats Up – Yahoo Finance

BeInCrypto –

Maryland-based ProFunds is launching a publicly available mutual fund connected to the value of bitcoin (BTC).

The Bitcoin Strategy ProFund invests in bitcoin futures contracts, and seeks to track the digital currency’s price before fees. The total expense ratio of the ProFunds product is 1.15%, higher than the 1% exchange-traded funds (ETFs) usually charge.

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