Part 6/14:
The debate continues over the efficacy of different ETF structures. Spot ETFs are seen as more favorable for long-term investors due to lower costs and a more direct link to Bitcoin's supply. Futures ETFs, although easier for institutional trading, are expensive and often costly to hold, with annualized costs possibly reaching 15-20%. This structure discourages long-term holding, favoring short-term trading strategies that can exacerbate volatility.
The discussion questions whether spot ETFs will supplant futures ETFs in the future, as they could attract the "hodling" community and stabilize demand signals. However, current market trends suggest futures trading dominates, with implications for price discovery and market health.