The mainstream markets around the world are already showing the signs that they are already hog-tied and cannot surpass the latest highs. I reckon the cryptosphere might be their next target.
We are already seeing it happen with hedge funds investing in ICOs and sports superstars establishing their own.
In the last few weeks, firms have registered several new bitcoin-related ETFs; the VanEck Vectors Bitcoin Strategy, REX Bitcoin Strategy, REX Short Bitcoin Strategy filings still need SEC approval, but continued filings will pressure the agency to find a solution.
Meanwhile, the Bitcoin Investment Trust — the first publicly traded bitcoin vehicle — technically is an “open-ended trust.” Grayscale, the fund’s sponsor, has periodically created new shares, but not since January when it sought to turn the trust into a full-fledged ETF.Read the whole article http://www.seattletimes.com/business/lacking-choices-fund-investors-buying-into-bitcoin-mania/
