Quote from: Piston Honda on November 14, 2018, 07:33:30 PM

Quote from: donrico77 on November 14, 2018, 06:30:47 PM

Quote from: KazuNishino on November 14, 2018, 12:54:17 PM

Worlds first ever crypto currency based ETF will belong to Aidos_kuneen

by BadoerGroup twitter

https://twitter.com/BadoerG/status/1062414012045033472

Wow, I am very happy to see this thread getting more active by each passing day. And also As KazuNishino pointed out ADK ETF is coming up , We are presenting the tech and also presenting wallet adress that will hold all the ADK that will be converted into ETF. this wallet will be under control of Badoer group ADK ETF and Also NSE . None of the ADK will be allowed to be moved offcourse.

Being the first ever Crypto based ETF is a huge deal and we are already in talks with couple of big African fund managers. We are also working with NSE so we can get listed on Johannesburg Stock Exchange . JSE is worlds 17th largest Exchange

We are more and more getting to a point to go fully Mainstream.

"Stupid Question of the Day"...

"so what will happen to the price after this ETF launch???"

Cheesy

Is not a Stupid question but offcourse is very hard to say exactly what will happen. One thing is for sure it will push up the price as it will attract alot of attention being the first ever crypto Based ETF. also, being that ADK would be listed it would make it fully transparent and this will offcourse also bring increase in demand

But to give some idea we can look at GOLD ETF when it launched 2003 price did shoot up 420% also golds value of assets under managment at the launch was around 600M USD and just 10 years later it was worth 146 Billion USD!

source : https://www.marketwatch.com/story/how-gold-etfs-have-transformed-market-in-10-years-2013-03-29

Now, Based on ADK going mainstream and also what other crypto coins that have nothing going for them are worth we can be sure that the current price is very very very low.