Topic: Bitcoin ETF, what is it really? - page 3. (Read 432 times)
The topic of bitcoin is the most popular in the last year,it is a good indicator.More and more people understand the value of bitcoin both as an investment and as a progressive phenomenon.
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It has a low operating expenses with no investment minimums.
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It has a low operating expenses with no investment minimums.
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This depends on the details of the respective ETF.
E.g. the new VanEck SolidX Bitcoin Trust (the 3rd attempt
of VanEck to get a Bitcoin ETF approved by the SEC) has a
investment minimum of 200k $.
Quote
Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000,
according to a filing with the Securities and Exchange Commission on Wednesday.
according to a filing with the Securities and Exchange Commission on Wednesday.
https://www.cnbc.com/2018/06/06/vaneck-tries-a-third-time-for-a-bitcoin-etf.html
Even if the VanEck ETF gets approved, which is looking unlikely at the moment,
the investment minimum will make a participation for most people impossible.
I agree with you. Bitcoin ETF is indeed a good platform for more adoption in a globale scale. Once listed, the notion that only techie people can be involved in bitcoin investment will be a thing of the past.
I like it when you point out that technicalities such as creating a wallet and maintaining access on it is not a necessity anymore. It is really a good pitch for non-techie investors. All they have to know is that bitcoin is a great and potential investment and they're all set.
I like it when you point out that technicalities such as creating a wallet and maintaining access on it is not a necessity anymore. It is really a good pitch for non-techie investors. All they have to know is that bitcoin is a great and potential investment and they're all set.
The news of Bitcoin ETF has taken center stage for the past months, but what is it really? And what good will it do to crypto users?
To shed a little bit of light, ETF is an acronym for Exchange-Traded Fund. It is a passive investing instrument that has an underlying asset, and in the case of Bitcoin ETF, bitcoin is the underlying asset.
Why ETF? Primarily, ETF does not require professional trading skills unlike others such as mutual funds. You need not be a professional trader. It has a low operating expenses with no investment minimums. Thus, everyone gets to invest on Bitcoin ETF easily.
Will Bitcoin ETF split the Bitcoin economy into two? Well, as stated earlier, Bitcoin is the underlying asset of Bitcoin ETF, thus, investing and trading on Bitcoin ETF will only strengthen bitcoin itself.
Then why not invest and trade on bitcoin alone? With Bitcoin ETF, one need not bother about technicalities that involves safe keeping of your digital asset. All is taken care of plus the fact that your asset is moving on a busy market along with other popular ETFs.
Lastly, i do believe that Bitcoin ETF is another gear towards cryptocurrency adoption which is really really good for the entire crypto economy.
What are your thoughts?
To shed a little bit of light, ETF is an acronym for Exchange-Traded Fund. It is a passive investing instrument that has an underlying asset, and in the case of Bitcoin ETF, bitcoin is the underlying asset.
Why ETF? Primarily, ETF does not require professional trading skills unlike others such as mutual funds. You need not be a professional trader. It has a low operating expenses with no investment minimums. Thus, everyone gets to invest on Bitcoin ETF easily.
Will Bitcoin ETF split the Bitcoin economy into two? Well, as stated earlier, Bitcoin is the underlying asset of Bitcoin ETF, thus, investing and trading on Bitcoin ETF will only strengthen bitcoin itself.
Then why not invest and trade on bitcoin alone? With Bitcoin ETF, one need not bother about technicalities that involves safe keeping of your digital asset. All is taken care of plus the fact that your asset is moving on a busy market along with other popular ETFs.
Lastly, i do believe that Bitcoin ETF is another gear towards cryptocurrency adoption which is really really good for the entire crypto economy.
What are your thoughts?
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