After years of waiting, it’s finally time. There is a very good chance next Monday I Bitcoin (BTC) Exchange Traded Funds (ETF), or a publicly traded fund, from ProShares to be launched on the US Stock Exchange.
The crypto community received this development very warmly and after the news, the price of bitcoin reached almost a new high. absolutely high. US-listed bitcoin funds increase exposure to Cryptocurrency More accessible to a large number of investors.
Professional exchange traders in particular will be rubbing their hands on the future prospects of Bitcoin futures ETFs. They will be able to Arbitrage To earn a lot of money quickly.
Also, traditional investors who previously had some doubts about a Bitcoin You are attracted to the convenience of investing in a publicly traded fund available on the American Stock Exchange.
This does not mean that retail Investors can currently get exposure to bitcoin just as easily as buying stocks. Bitcoin ETFs are very complex investment products. More user-friendly stock funds may have to wait a while.
However, not everyone will be happy to launch Bitcoin ETFs. Grayscale is one party likely to view recent developments with suspicion. Grayscale is a company that has long offered investment products that indirectly generate exposure to Bitcoin.
so called Grayscale Bitcoin (GBTC) Trust Fund It has become almost irrelevant with the emergence of Bitcoin futures ETFs. Investing in new ETFs will be more attractive to investors than investing in Grayscale’s GBTC fund.
that is it! Bloomberg Data Team is in the process of adding the ProShares Bitcoin Strategy ETF to the terminal. pointer will be petto dollar. 95 basis points – less than half GBTC dollars2% fee. This thing will start working next week. Either Monday or Tuesday. pic.twitter.com/Lil4eHVdmr
– James Seyff (JSeyff) October 15 2021
However, the recent ruling by the United States Securities and Exchange Commission (SEC) is of course very positive for the cryptocurrency world. It shows that the SEC is ready to take big steps and is no longer ignoring the crypto industry.
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