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Showing posts from September, 2018

“How Bitcoin ETF approval will affect Bitcoin Future – Pros and Cons”

What is Bitcoin ETF? Let’s first understand what an ETF is- It is an Exchange Traded Fund that owns the shares of stock, gold bars, foreign currency etc. (Bitcoin in this case) and divides ownership of those assets into shares. An ETF trades like a normal stock on stock exchange and its price is decided during market hours. It’s cheaper to invest in an ETF and it can be owned only in whole numbers. Bitcoin will be the asset for Bitcoin ETF and the exchange will provide local or international retail investors an opportunity to buy Bitcoin through the stock market, without actually owning it. ETF has higher daily liquidity which makes it more attractive. Bitcoin ETF journey in brief It all started with the Winklevoss twins who are trying since 2013, but the Securities and Exchange Commission (SEC) has rejected their application but now many new players are in league but the most promising is the Chicago Board Options Exchange (CBOE) because it is providing a service which is