Will ETF Turn Into Bitcoin’s Holy Grail ? – Bitcoints


Published on November 13th, 2017 | by bitcoin


Will ETF Turn Into Bitcoin’s Holy Grail ?

Will ETF Turn Into Bitcoin’s Holy Grail ?There have been tangible booms in Bitcoin when Wall Street has waded into the realm of digital currency.
However, the time seems ripe for another vehicle, one that failed earlier on when the Winklevoss twins tried the Bitcoin ETF.
Firstly, an ETF is a kind of investment vehicle that uses Bitcoin as an underlying asset.
Simon Dixon, CEO and co-founder BnkToTheFuture, in his view rather thinks that an ETF is a very bad way to hold Bitcoin.
Dixon says that an ETF would introduce counterparty risk into Bitcoin – one of the only zero counterparty risk assets.

Source: Cointelegraph.com

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