Bitcoin Futures do not exist. There are no bitcoins to be owned in a faux bitcoin futures contract for any amount. It is a BET on the price of Bitcoins on exchanges not in contracts. it is all a scam. I would be glad to get involved in a real futures contract where I could speculate on the price of bitcoin in the future and then force settlement by taking possession but that is not available.
Watch the exchanges and see at the time of "settlement" if there are any purchases that match the contracts. There are none. it is a pure speculation BET on the price of something in the future and not on the actual ITEM in the future.
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Bitcoin futures obviously do exist but they are cash-settled. If you saw my previous posts than you'd have known that is precisely why bitcoin and crypto etfs are much bigger.
And yes had we realized that there was difference on price impact between cash-settled and underlying commodity-settled futures than we'd all have sat out the last hype cycle
It is a bait and switch. Read the details, cash settled bets not bits. There are no underlying actual assets in the product because there is no product in the true Futures reality.
That's why the products from Greyscale and the like for physical index funds/ETF's would be huge if approved for everyone and not just for accredited investors.
Keep in mind that even physically-settled futures can be heavily manipulated--check out gold and suspected price suppression by the central banks/big banks.