Market strategists point to the Bitcoin futures ETF’s correlation with gold miners this quarter, as investors blend crypto and commodities exposure in multi-asset portfolios for inflation hedging. Next January will mark 17 years since Bitcoin's first In-kind redemptions help ETFs maintain tax efficiency by avoiding the sale of appreciated securities to meet redemptions. In this model, authorized participants (APs) exchange ETF shares for a basket of underlying securities and have been fundamental to ETF operations since their inception. CME bitcoin futures ETF contracts saw their implied volatility drop from 48% to 42%, a sign that traders expect steadier price action over the next 14 trading sessions. Lower vol often brings more retail flows into regulated ETFs.
