Available Swiss counterpart ETF on Bitcoin. Is this good for the market?

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2018-08-18 12:00:09

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Available Swiss counterpart ETF on Bitcoin. Is this good for the market? Source:

Exchange-traded note , which is traded on the Nasdaq Stockholm, will now be available to investors from the United States. Alternative cryptocurrency ETF appeared in 2015, but now ETN for Bitcoin to be traded to the US dollar. About it writes .

the

which will start to grow Bitcoin

Asset called Bitcoin Tracker One still trading in Sweden, but in light of recent events, it will be a good investment for the big players from the USA. This view is shared by the Director-General CoinShares Ryan Radloff.

Previously they could invest only in euros or Swedish Krona. Given «relations» Bitcoin with financial regulators, trades in dollars is a big step for the entire industry.

In fact, the purchase of ETN for Bitcoin is almost indistinguishable from the acquisition of American Depositary receipts. That is, the investor receives a security Deposit per U.S. dollar.

Unlike ETFs, exchange-traded notes are backed by the Issuer, and is not tied directly to the asset. They can be a good alternative for those who want to own an investment instrument without actual storage of cryptocurrencies in the wallet.

Some experts note that the impact of ETFs on the market too . Others believe their future adoption of the key in the history of the crypt.

Will there be a new bullrun due to the exchange cryptomundo, we are only at the end of September. Meantime, you can visit our cozy .

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