Global X Plans ETF Alternating Between Bitcoin Futures and T-Bills

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Global X has submitted plans to launch the Global X Bitcoin Trend Strategy ETF, which will dynamically allocate between US and Canadian Bitcoin futures contracts and the recently introduced Global X 1-3 Month T-Bill ETF. The latter fund has amassed $42 million since its June 20 launch. While the new ETF’s fees remain undisclosed, Global X manages $41.8 billion across 107 ETFs. This tactical allocation strategy, adjusting between Bitcoin futures and T-bills based on Bitcoin’s trend strength, is a unique approach in the market, according to Bryan Armour of Morningstar. Despite challenges in timing, experts suggest its risk-off mechanism could distinguish it. Amid a surge in applications for spot Bitcoin ETFs, the Global X strategy is seen as having potential due to its differentiated performance from Bitcoin itself.

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