Where Will Bitcoin Be in 10 Years? was originally published by The Motley Fool The second is the cost level. Futures-based ETFs need to adjust their positions when the expiration date comes, that is, sell the near-term contract and buy the forward contract. However, there is a price difference between the two, and the forward price is often higher than the recent price. Positions are reduced, and ETF returns are reduced. "Funds will sell expiring contracts at relatively low prices and buy later maturities at relatively high prices. In short, the fund will 'renew' indefinitely without actively Close the position." Traders eye the CME Bitcoin futures ETF’s roll yield dynamics as March contracts trade richer than February, hinting at possible spread plays in the coming weeks.