I continue to trust that a origination of Bitcoin and Cryptocurrency ETFs will assistance boost direct for a underlying cryptocurrencies. My perspective is that many individuals who are meddlesome in Bitcoin have selected not to buy right now as they are worried with a routine (link) but would buy a elementary ETF that gives them exposure.
Several companies have announced skeleton to launch Bitcoin ETFs and a SEC has already deserted some (link).
All of a Bitcoin ETFs, that we am wakeful of, devise to be tied to Bitcoin futures – that have not been launched yet.
So a whinging doubt we have, is because do they need to be tied to Bitcoin futures? Why aren’t they being related to bitcoin itself?
The oil, or wanton oil formed ETFs (USO) and ETNs (OIL) are all related to futures – though that creates sense, as it is formidable to trade earthy oil.
The largest Gold ETF is GLD that is related to futures and has over $34 billion in assets. But bullion has ‘physical’ corroborated ETFs like SGOL with over $1 billion in assets. There are also several earthy bullion behind mutual funds. The futures corroborated products are incomparable – though for those who wish to know that their investment is corroborated by tangible earthy bullion – there is an option.
So because is Bitcoin compelled to regulating futures? Why try and launch a product that is contingent on futures that haven’t been combined yet?