Post
Topic
Board Economics
Re: What is an ETF?
by
fearlesscat10
on 24/02/2017, 06:59:54 UTC
I think I get it now, thanks for your replies Smiley

I'm a little late to reply, but someone else might be looking at this topic for answers.

I posted on the bitcoin reddit recently about this. You can see it here.

Top comments are:

Quote from:  vvv7777777
Two guys (known as Winklevoss Twins) filed for a bitcoin ETF years ago. There's lots of hype around this because it will allow "regular" investors to invest in the market -- which will cause the price to skyrocket. The final deadline for the SEC to make a decision is March 11 and people are speculating leading up to that date whether or not it will get approved.

Quote from:  Erumara
A company wants to buy bitcoin, and then sell paper certificates for those bitcoin to suckers speculators on paper markets.