FULL QUESTION:
Ric, with the new spot etfs available are the older funds such as BITW at a disadvantage? I believe they were “futures?” based and maybe the new ones are more efficient. I realize BITW has multiple cryptos but do you still recommend?

ANSWER
No, I don’t think BITW is disadvantaged. It’s a more diversified investment, and thus has attraction for many investors. And its biggest holding is bitcoin. The fund does not buy futures; other funds do. I am continuing to hold my BITW. And we’ll have a podcast devoted to this topic in a couple of weeks. Stay tuned!