For a Bitcoin exchange-traded fund (“ETF”) is one of the most recurring topics of discussion in the bitcoin industry. According to some people, it is a bitcoin index fund the catalyst for the next bullrun.
To date, however, there’s nothing to enjoy. Supervisors can see the cryptomarkt as a to manipulate the market.
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Bitcoin ETF
An ETF is a so-called indextracker, which, if accurate, the price of an underlying product will follow. That may be, for example, gold. In the case of a single bitcoin (BTC) is calculated so that the price of the cryptomunt.
Investors will be able to share in this basket, buy, without having to be directly in BTC, but you have to buy. The price of such a share is much lower than the prices of the assets in the basket.
One of the arguments against an INDEX, is that there is as yet no solid solutions have been to the point. In traditional markets, there are professional organizations that a person’s investment control.
Fidelity
One of those names is Accurate, which is one of the largest asset managers in the world.
This is a club in Boston that manages thousands of corporate customers in a total of 24,6 billion dollars in assets. That is, in other words, 2.460 billion u.s. dollars, more than 8 times the annual sales of the royal Dutch Shell group.
What is remarkable is that the Creation now bitcoin is going to manage that, where the underlying instrument is a new derivatenfonds act, which was recently in the news.
This is the first time that a optiefonds makes its appearance in the cryptomunt. How does it work?
Due to speculation (with call options) on the fluctuating bitcoin exchange rate will they return, as stated in the Financial Times to read.
The new product will cause a reaction in the bitcoin community.
Says Adam Back, a co-founder of a bitcoin miner and the developer, Blockstream go to the next question: “Does Bitcoin still have ETF’s?’
Does #Bitcoin just need to ETFs, with products like Fi to customers being able to buy? (Qualified investors only so far, but in terms of the financial institution, the trust, and brand, and for US a client base, it doesn’t get much better. https://t.co/DJvx00rUeG
— Adam Back (@adam3us) October 19, 2019
For others, it is an INDEX back to a new channel in order to add new capital to this rising asset-to-bottom. The positive words.
Some of them draw the discussion to a wider, and see the rise of a financial product from Wall Street, with sadness. It is also against the principle of bitcoin and the gold bug, Trace Mayer, this way: “is not your keys, not your bitcoin’.
According to them, bitcoin is pre-eminently ‘the people’s’money,’ and that there are no ‘bankers ‘ money’.
Wall Street is a risk
John Carvalho, the CCO of the Bitrefill, to which ETF’s and ETN’s aren’t in the Bitcoin suit.
He argues that these financial products should be traded, not bitcoin is to accept it, but are a product of our traditional markets”.
Do you think that there is no risk, as soon as a huge amount of BTC by a Wall Street bank run?
Do you think if Coinbase, tons cryptovaluta is holding, this is not a risk? One of the great actors on Wall Street for bitcoin-to-ten-year delay in the development of management.
By Andreas M. Antonopoulos
In August of last year, Andrew, his view on ETF’s. In the video, the title is ” Bitcoin Q & A: Why I am against ETFs makes Andreas is clear that, according to him, it’s not a good idea.
It would be detrimental to the ecosystem as more and more resources to control access to the actual bitcoin will.
This means that the investor has to take on greater responsibilities, and rights of the investors of the ETF.
Etfs violate the fundamental principles of peer-to-peer currency in which any user is not using a bank, but is in control of his money.
Andreas Antonopolous
In your opinion
We would love to know what you think about a Bitcoin ETF. If you go for the big money in the market place? Or have you stuck to the philosophy of Bitcoin?
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