CNBC features Bitcoin Strategy ProFund (BTCFX) in recent ETF Edge clip
Simeon Hyman joins CNBC’s Bob Pisani and Grayscale Investments’ Dave Lavalle in a discussion on the changing landscape of bitcoin investing opportunities. Pisani says ProFunds was “in the right place at the right time” by launching the Bitcoin Strategy ProFund (BTCFX), the first publicly available U.S. mutual fund designed to provide investment results, before fees and expenses, that generally correspond to the performance of bitcoin by principally investing in bitcoin futures contracts. Hyman says the advantage of investing in the futures market “is clear-the futures market is regulated.” He says there are many ways “people will ultimately want to get bitcoin exposures, but this is certainly one way that will appeal to constituents.” Learn about the fund, view the prospectus, and read disclosures here. Watch the clip.