Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ETF
by
squatter
on 12/12/2018, 07:53:50 UTC
While many traders are eagerly awaiting a potential Bitcoin exchange-traded fund (ETF), some of the most ardent supporters of cryptocurrency are tepid at best for the prospect of such a tool. What's your opinion? Do you want Bitcoin ETF?

I don't want them, no. Paper markets will inevitably screw people over, whether because of fractional reserve, custodial losses, market manipulation. People like the idea of a physically-backed ETF because they feel it's more like "real BTC" than instruments like cash-settled futures. But since ETF shares are trust-based pieces of paper, they're still antithetical to Bitcoin. I'm also not sold on the idea that institutions need, or are waiting for, an ETF.