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The First Bitcoin ETF in the U.S. Is Here — Don’t Be So Optimistic, It Is Not Based on the Spot Market. The November 14 verdict for Van Eck’s spot market-based Bitcoin ETF will be more important.

The First Bitcoin ETF in the U.S. Is Here — Don’t Be So Optimistic, It Is Not Based on the Spot Market. The November 14 verdict for Van Eck’s spot market-based Bitcoin ETF will be more important.



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4 Comments

  1. A Bitcoin ETF is something that will attract new investors into Bitcoin, which is a good thing.

    However, the first ETF accepted is based on Bitcoin futures contracts, which is not ideal. The fees will be higher because of the maintenance involved. Besides, such an ETF could allow some traders with large financial means to better manipulate the market by taking advantage of the leverage effects between the ETF and the spot market.

    Even more important in my opinion is the final decision that will be made on November 14, 2021, on VanEck’s Bitcoin spot market-based ETF.

    SEC approval for this kind of ETF would be an even better signal. Nevertheless, the chances of approval are less when one recalls Gary Gensler’s statements on the subject in recent weeks.

  2. tldr; After years of waiting and negative responses from the SEC, the first Bitcoin ETF is expected to begin trading in the US on October 19, 2021. The ProShares Bitcoin Strategy ETF will give investors exposure to future Bitcoin contracts under the ticker BITO. This Bitcoin ETF will not be directly linked to the spot market, but rather to future contracts.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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