Cathy Wood wants to make a BTC ETF. I don't think the chances are that good since I doubt big banks would want to be 2nd. Even Microstrategy didn't have much luck.
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Cathy Wood wants to make a BTC ETF. I don't think the chances are that good since I doubt big banks would want to be 2nd. Even Microstrategy didn't have much luck.
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Eh ETF's have been so over played that I feel like a majority of people that wanted to get into crypto via ETFs have found other means now.
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They could of but I have a feeling they did not yet. Why? Because they don't want to do the research or keep up to date. So they prefer an easy way to diversify into crypto.
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I would disagree. ETFs appeal to the masses and can be accessed by accounts that people cant get into otherwise (like retirement).
The only option out there is Grayscale and most do not understand a trust.
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Well the SEC hasn't ruled on any of them. And we will end up seeing multiple ones. Like with most commodities, there are a number of ETFs.
That said, being first probably has its advantages.
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The first has a huge advantage since I think they will wait a few days or weeks before the next one is approved. This is why I think it will be one of the large investment banks.
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It actually might be months before you see number 2 once the first is approved. The SEC doesnt move quickly on stuff (unless they are going after someone).
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Did Microstrategy file for one? I know Grayscale did.
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Oh I mixed up Grayscale with Microstrategy but I would not be surprised if they did file for one in the future. It seems like a bunch of people are filing.
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The list just keeps getting longer.
I think Goldman is the only major bank to file one, I dont think JPM jumped into that yet.
But I could be mistaken.
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I think that Grayscale has the BTC ETF monopoly with their Bitcoin Trust (GBTC).
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