I came across this ETF that has 35% dividend yield. It tracks Bitcoin. Is it sharia compliant? BITO | Bitcoin Strategy ETF | ProShares
Unlike traditional ETFs that directly own their underlying assets, BITO is a futures ETF, meaning it relies on derivatives such as futures contracts to gain exposure to Bitcoin’s price movements. These contracts are agreements to buy or sell Bitcoin at a predetermined price on a specific future date. Scholars consider this to be impermissible