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Beyond Protocol CEO Says Bitcoin ETF 'May Be a Wild Ride'

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The first Bitcoin Futures ETF launched this week, crossing exchange-traded funds into the world of cryptocurrency. Jonathan Manzi, CEO of Beyond Protocol, warns that enthusiasts and traders may be in for “a wild ride.”

“The primary function of ETFs to-date has been to provide exposure to an asset class by tracking a basket of investments with a common connection — e.g. oil, biotech, gold, or natural gas. There are also stock index ETFs which track broader markets, like the S&P 500,” he told Entrepreneur, adding that the........

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