A Complement or Competitor to Futures?

The video explores the comparison between SPY and futures, highlighting their pros and cons for institutional investors. It introduces Micro E-mini index futures, targeting active traders, and discusses the benefits of futures over ETFs, such as liquidity and capital efficiency. The video also covers global equity indexes like the Dow and S&P, and concludes with a discussion on the performance of Bitcoin futures at CME.

What was the original purpose of SPY when it was invented?

• To compete with futures

• To replace individual stocks

• To offer a new type of bond

• To compete with mutual funds

What is a key difference between SPY and futures regarding expiration?

• SPY expires every month

• Futures do not expire

• SPY does not expire, but futures do every quarter

• Both SPY and futures expire annually

Who are the new Micro E-mini index futures targeted at?

• Beginner investors

• Active individual traders

• Institutional investors

• Retired individuals

What is one advantage of futures over ETFs mentioned in the video?

• Less liquidity

• Limited trading hours

• Higher expense ratios

• More efficient use of capital

Which index remains a popular benchmark outside the US, particularly in Asia?

• NASDAQ

• Dow Jones

• S&P 500

• Russell 2000