Teucrium Joins Hopeful Bitcoin ETF List With Recent Deposit

Teucrium, a Vermont-based agricultural commodity ETF provider, applied for a Bitcoin Futures exchange-traded fund on Thursday. The company said in a statement that the Teucrium Bitcoin Futures Fund will trade on the NYSE Arca exchange and CME will track the price of BTC futures contracts. An exchange traded fund or ETF is a public fund that tracks the price of an underlying asset, in this case Bitcoin futures contracts. The stock market is one way to invest in Bitcoin futures contracts, which gives institutional investors easy exposure to the popular derivative. Futures contracts are essentially bets on the future price of an asset or commodity. In agriculture, Teucrium's indigenous industry, a farmer can contract with a supplier in the spring so he can get a fixed price for his crops after harvest. Since the farmer has to sell these crops at the agreed price, the farmer will still make money in the event of a bad harvest while compromising the opportunities offered by a large harvest. If Bitcoin exceeds the agreed price, the person signing the futures contract is "in the money" and sells his Bitcoin for a low price, he can profit. Institutional investors also use futures to ensure that they can repay large Bitcoin loans if prices skyrocket. The Chicago Mercantile Exchange, the world's largest futures exchange, first listed Bitcoin futures in 2017. It launched Ethereum futures in February of this year. These futures contracts are paid in cash, which means investors cannot trade them for Bitcoin when the contracts expire. Despite many initiatives, the United States Securities and Exchange Commission has never approved the listing of the Bitcoin ETF. The filing of Teucrium is now joining a number of other companies such as VanEck, NYDIG and Wilshire Phoenix in hopes of getting into the eyes of the editor. Bitcoin ETF Approval To Take Place: Morgan Creek's Mark Yusko, A Key Differentiator Between This And Teucrium

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