An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europeMore institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
May be it is not bad that different institutions are interested in Bitcoin, and not only show their interest, but even really implement Bitcoin into their activities. But what about this situation and the US investment company, the key words for me in this article were :"The product will be traded on the German bourse Deutsche Börse Xetra", not in the USA. Everything is not bad at first glance, but nevertheless the priduct will be traded via the company of another country. For me it says about lots of things.