I've written a blueprint / guide that goes through this for some contacts I have who went to invest in futures ETFs a while ago as a warning of the risks of doing so - it goes through all of the structures and upsides and more importantly, the downsides in detail so that after reading it you'll know what you are actually buying and how it may (or may not) actually do what you think it does. Feel free to contact me at variant comms at gmail dot com if you want to give it a read, I suspect you might find it very useful.
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