A security token is a utility token created by the ICO ecosystem and is built using the ERC-20 whose plan will function as a method of providing incentives/prizes for its platform customers. That's according to their side.


For me, BAKKT and ETF are almost the same as CME and CBOE, both are only vehicles or robots, which will eventually be controlled by big whales and leave severe damage afterward. For a moment (for example, when they got permission from the SEC) maybe both of them will make the price of bitcoin go up, but then they will leave deeper and longer damage like that that happened in 2018.