There's already one out there. BITO is the symbol I believe. I don't follow the ETF space, but I have heard it is doing ok. VanEck got the thumbs-down on the spot, but it seems they are launching their own ETF on BTC futures.
Yeah, I just dont understand how they can launch those etfs based on the futures when futures volumes are so low, and BITO is already doing a lot of volume as an ETF. I dont understand the mechanics behind it. I would like to know how they are all connected. I am curious about this space as I like to dabble in those futures when i have the margin (havent opened up a coinbase account yet for cash). I am mostly getting frustrated holding futs over the weekend when cash takes the moves i wanted on saturday / sunday though.