Ask Leo : The Spot Bitcoin ETF What’s It All About
The spot bitcoin ETF has been a trending phrase in recent times in the cryptocurrency space/ community, which several institutional firms are pushing for it stating it as a safer cryptocurrency investment option compared to the direct cryptocurrency investment option which is said to be volatile.
Do you as times wonder what the “ETF” in this phrase stands for? To clear your curiosity the three letter word stands for “exchange traded fund”. These traded funds will help track some features about the asset which is the index, commodity, sector and other assets.
In the future we hope to see that this bitcoin ETF’s makes mainstream but it’s can only do this if it’s application can be accepted by the security exchange commission “SEC” . But in recent times this bill has be rejected, in recent development there is light at the end of the tunnel with movement from some venture capitalists firms such as grayscale over black rocks filling as it has been reported that both VC’s are put up an application for spot Bitcoin ETF.
To further broden your horizon kindly read this article as regards it.
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Posted Using InLeo Alpha