I don't get it. What would be the advantages of investing in this besides the fact you don't have to worry about possessing any Bitcoin? I even think the profits would be less since there is probably a commission for buying and selling.
https://www.cnbc.com/2021/07/24/how-to-invest-bitcoin-in-iras-for-retirement.html https://bitcoinira.com/
https://www.profunds.com/prospectus/prospectus.html?ticker=bitcoin_strategy With that expense ratio, it might be good for short-term speculation but not for holding a long time.
Prediction... The fund will blow up spectacularly in the same fashion as James Cordier, since they are speccing in BTC futures. Bad juju.
1.15% Fee and "Strategy" in the name. Are they doing leveraged exposures or simply maintaining a 1:1 exposure? If 1:1, why would I pay 1.15% for a bad version of a Foreign Money Market fund? Smells fishy.