Is the BITO ETF Shariah Compliant?
Question: Is the BITO ETF Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: The ProShares Bitcoin Strategy ETF (BITO) is not Shariah compliant. The Fiqh (jurisprudence of the answer): The ProShares Bitcoin Strategy ETF is the first U.S. bitcoin-linked ETF designed to provide investment […]