ProShares Bitcoin Strategy ETF is akin to a commodities fund and will have the same risks that investors have been dealing with in the commodities markets (Jared Dillian/Bloomberg)

Jared Dillian / Bloomberg:
ProShares Bitcoin Strategy ETF is akin to a commodities fund and will have the same risks that investors have been dealing with in the commodities markets  —  It will have the same characteristics as a commodities fund, meaning investors will need to understand “contango” and “backwardation.”