The first part of that quote talks about bitcoin futures, which are different than a bitcoin ETF--but I wasn't even aware that a futures market existed yet for bitcoin, so that's interesting. Not that I would want to trade "paper" bitcoin, but I'm well aware that having that sort of option available to people with deep pockets is a good thing.
Most of that is written in financial gobbledegook style, and I can barely follow it, but I do understand the difference between a traditional ETF and a blockchain-based one (or at least the traditional one). I think having a traditional one would be much better, since a lot of investors want to be able to trade on the stock exchanges they're familiar with. Having something bitcoin-related that's listed on a big exchange like NASDAQ would be a huge plus--and I think that's coming if it can get past all the regulatory red tape. Anyway, thanks for posting the snippet.
Topic: Will the Bitcoin Bounce Last? ETFs in Focus.Nasdaq Article (Read 144 times)
There is many threads were people are asking what was the reason behind recent price bounce
I have found really good article .ETF if you will read than you will be surprised how many bitcoin related ETF already exist
https://www.nasdaq.com/article/will-the-bitcoin-bounce-last-etfs-in-focus-cm1123809
Gabor Gurbacs, digital asset strategist at VanEck, sees the price jump as the result of short squeeze. The strategist noted that "CME bitcoin futures expired last Friday. A large chunk of positions was rolled (buying) into the new front month BTC futures contract. Over the weekend, heavy spot bitcoin and over-the-counter buying followed the bitcoin futures contract expiration pushing BTC price up slowly and gradually. As the price moved up in increments, over $500 million shorts have been liquidated on leveraged crypto derivatives trading platforms around the world," as quoted on barrons.com
ETF Impact
Though bitcoin ETFs are not available to investors, they have blockchain ETFs at their disposal. Per a source, "the blockchain in Bitcoin literally acts a ledger; it keeps track of the balances for all users and updates them as money changes hands."
So, if investors cannot lay their hands on a bitcoin ETF now, they can definitely familiarize themselves with the concept through blockchain ETFs like Reality Shares Nasdaq NexGen Economy ETF BLCN , Amplify Transformational Data Sharing ETF BLOK and First Trust Indxx Innovative Transaction & Process ETF LEGR .
Investors should note that mining of cryptocurrencies needs the usage of semiconductors. So, if there is a future rally, investors may tap the opportunity with semiconductor ETFs like Semiconductor Vaneck Vectors ETF ( SMH ) , Invesco Dynamic Semiconductors Portfolio ( PSI ) and SPDR S&P Semiconductor ( XSD ) .
I have found really good article .ETF if you will read than you will be surprised how many bitcoin related ETF already exist
https://www.nasdaq.com/article/will-the-bitcoin-bounce-last-etfs-in-focus-cm1123809
Gabor Gurbacs, digital asset strategist at VanEck, sees the price jump as the result of short squeeze. The strategist noted that "CME bitcoin futures expired last Friday. A large chunk of positions was rolled (buying) into the new front month BTC futures contract. Over the weekend, heavy spot bitcoin and over-the-counter buying followed the bitcoin futures contract expiration pushing BTC price up slowly and gradually. As the price moved up in increments, over $500 million shorts have been liquidated on leveraged crypto derivatives trading platforms around the world," as quoted on barrons.com
ETF Impact
Though bitcoin ETFs are not available to investors, they have blockchain ETFs at their disposal. Per a source, "the blockchain in Bitcoin literally acts a ledger; it keeps track of the balances for all users and updates them as money changes hands."
So, if investors cannot lay their hands on a bitcoin ETF now, they can definitely familiarize themselves with the concept through blockchain ETFs like Reality Shares Nasdaq NexGen Economy ETF BLCN , Amplify Transformational Data Sharing ETF BLOK and First Trust Indxx Innovative Transaction & Process ETF LEGR .
Investors should note that mining of cryptocurrencies needs the usage of semiconductors. So, if there is a future rally, investors may tap the opportunity with semiconductor ETFs like Semiconductor Vaneck Vectors ETF ( SMH ) , Invesco Dynamic Semiconductors Portfolio ( PSI ) and SPDR S&P Semiconductor ( XSD ) .
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