![Apart-From-the-Spot-ETF-Narrative-Here-Are-the-‘Overlooked.jpg Omkar Godbole](https://cryptotoptrends.com/wp-content/uploads/2023/11/Apart-From-the-Spot-ETF-Narrative-Here-Are-the-‘Overlooked-678x381.jpg)
A futures contract is a legal contract to buy or sell the underlying asset at a predetermined price at a specified future date, called the expiry date. Usually, futures markets are in contango, a term used to describe when the price of futures rises above spot, with further-out futures drawing higher than nearer-expiration futures. An increase in buying pressure often causes the contango to widen.
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