INSUBCONTINENT EXCLUSIVE:
As Bitcoin ETF is likely to arrive soon, questions are being raised about its relevance for investorsFirms across Wall Street have been
tracking futures instead of holding actual Bitcoin
Some people buy the futures to bet on a price increase, while others use them to short the price of Bitcoin, or hedge their other long
more than two dozen filings for funds that would physically hold crypto assets.Despite the enthusiasm, it's unclear whether
some investors who own Tesla Inc
shares might not bat an eye at Elon Musk loading up the firm's balance sheet with Bitcoin, other companies can't buy the cryptocurrency as
an investment, either due to internal rules or because their shareholders might object
A Bitcoin ETF could help get around those restrictions since the format is more widely accepted
strategy analyst at Robert W
more traditional investment platforms like that of Vanguard and Charles Schwab don't allow Bitcoin purchases, customers have to search
A Bitcoin ETF would change that, since it could potentially sit right alongside holdings of stocks or other ETFs tracking indices like the
could offer peace of mind, according to David Mazza, head of product at Direxion
While that would increase the cost of the fund, some investors may prefer that kind of supervision
that could be adjusted based on market conditions
who already own cryptocurrencies through another platform, an ETF might not benefit their investing goals
this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
