Quote from: Biodom on May 20, 2019, 04:06:52 PM

Quote from: PaivanTreidi on May 20, 2019, 03:47:40 PM

Quote from: d_eddie on May 20, 2019, 02:58:21 PM

Quote from: PaivanTreidi on May 20, 2019, 02:33:47 PM

It is interesting that this ETF thing is so important. This side of the pond I could have invested in crypto ETFs for years now... Nothing new...

AFAIK, Crypto ETFs are baskets of shares of selected crypto companies. I think a cryptocurrency ETF exists already, but it includes ETH and other shitcoins. The ETFs under SEC scrutiny would include btc only. What's more, some of them are designed for settlement in kind, not in cash (that is, bitcoin - not USD). The importance or usefulness of such a financial instrument is debatable, but it can't be dismissed as "nothing new".

Where's the novelty? Everyone would be able to buy (paper) btc through their stock market broker, without having an account at an exchange. Besides, if the settlement is really in kind, the ETF issuer would have to hold/buy/sell matching amounts of the underlying asset (btc) or bear the risk when the ETF holder asks for payment. That is, if fuckery can be ruled out. Which is a big IF.

The swedes have an ETN that tracks Bitcoin only. They call it an etf. As I understand it it is an ETN though.

You can buy that ETN (called Bitcoin tracker or something similar) on Fidelity (even retirement accounts can buy).
I bought a little just to see how it works. It does track btc mostly OK. Big gaps because of weekends, of course.
Trades as CXBTF (in US).
https://xbtprovider.com/products/bitcoin-tracker-one

/\speculative derivatives are going to be the undoing of bitcoin for the masses

lol axe buffett