Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?
You first need to learn what ETF means, here a quick course for you:
http://www.investopedia.com/terms/e/etf.aspBeing accepted as an ETF means that bitcoin will be recognized by regulated markets officially, just like stocks and bonds. It will open up a whole new trading market for bitcoin and prices will be manipulative as fuck.
So i don't know if it is a good thing tbh. Look how it did to gold.