Posted on 10/05/2021 7:34:22 PM PDT by aMorePerfectUnion
Bitcoin exchange-traded funds have sprung up around the world—but the U.S. SEC continues to stonewall proposals for a Bitcoin ETF.
Since the first application for a U.S. Bitcoin exchange-traded fund was filed in 2013, a Bitcoin ETF has become something of a holy grail for the crypto community.
An ETF is a publicly traded investment vehicle that tracks the value of an underlying asset; in the case of a Bitcoin ETF, that asset is Bitcoin. Advocates for a Bitcoin ETF argue that the complexities of exchanges, crypto wallets, and private keys still present a daunting barrier to entry into the crypto space for newcomers. A Bitcoin ETF would enable these investors to gain exposure to Bitcoin without actually having to hold their own cryptocurrency.
Bitcoin ETFs have sprung up around the world, in Canada, Brazil and Dubai. But to date, the U.S. Securities and Exchange Commission (SEC) has rejected every Bitcoin ETF application to cross its desk, citing the potential for market manipulation among cryptocurrency traders.
Current applicants include: VanEck, Valkyrie, NYDIG/Stone Ridge, WisdomTree, First Trust/SkyBridge, Fidelity/Wise Origin, Kryptoin, Galaxy Digital, Ark Invest, Global X, One River, Invesco , Grayscale
[much more at linky]
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
PING!
You can buy Bitcoin and Ethereum now on the stock exchange through Greyscale Trusts GBTC and ETHE.
Fedcoin is a coming..
“FedCoin” is worse than XRP! ;-)
BTCM is an excellent play as well. Bitcoin miner that uses hydroelectric-powered mines. Increased energy costs have not impacted them as much as competitors.
Fedcoin is nothing more than a debit card. Just a way to use fiat dollars online. But it has nothing in common with crypto.
Fedcoin will make the others go bust...
Nope. Fedcoin is a fancy word for US fiat dollar.
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