Ohh! Random thing I wanted to mention to you in particular since you made a post about BITO in TradFi.
OILK does the same thing but for Oil Futures. That ETF is also managed by ProShares.
OILK is no where near like BITO though because Bitcoin volatility is pretty random vs oil volatility is mostly based on macro economic events. (Oil can have long periods of no volatility and it can randomly dump in price if there is a bunch of Oil pushed back into the marketplace).
Either way I thought you might think it’s interesting because you understand how BITO works.
I wouldn’t recommend OILK (or even BITO for that matter) to anyone but I thought you might think it’s interesting at least so I wanted to mention it to you.
Ohh! Random thing I wanted to mention to you in particular since you made a post about BITO in TradFi.
OILK does the same thing but for Oil Futures. That ETF is also managed by ProShares.
OILK is no where near like BITO though because Bitcoin volatility is pretty random vs oil volatility is mostly based on macro economic events. (Oil can have long periods of no volatility and it can randomly dump in price if there is a bunch of Oil pushed back into the marketplace).
Either way I thought you might think it’s interesting because you understand how BITO works.
I wouldn’t recommend OILK (or even BITO for that matter) to anyone but I thought you might think it’s interesting at least so I wanted to mention it to you.