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27.10 - 19:17
Bitcoin futures ETFs: Good, but not quite there
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The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former.
But here’s the issue: an ETF built around crypto futures isn’t the most efficient, economical or easiest route. Physically backed products are. They’re likely to attract more assets and open the crypto market to more investors. And they are much easier for investors to understand.
This is why fund issuers are better off pressing the SEC for clarity on what’s needed to get the Bitcoin spot ETF approved instead of rushing to be the first to the finish line with the more complex and more
Read more on cointelegraph.comAbout this in other media
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Valkyrie Bitcoin futures ETF to launch on Nasdaq on Oct. 22 cointelegraph.com /3 years ago
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