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March 06, 2017, 05:59:38 AM |
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Before i start, hope i get this right
1)Mutual Fund = A fund where gather lots of money from multiple parties, and invest in either stocks or bond or even both, whole fund trading is perform by fund manager.
2)Index Fund = Fund that is invest in the entire index like the top500 stocks in US, or something, operates by fund manager too.
3)ETF = Similar like a Mutual Fund, but instead of investing to companies, it is traded on exchanges, works like how mutual works.
Am i right regarding on all this?
Then,
BTC ETF = A fund that is available on a specific exchange, the allocate fund will be invested into btc and the profit will come from the trading of bitcoin itself and distribute to the ETF holder within a specific timeframe.
Am i right on this?
Therefore Bitcoin ETF from winklevoss will be only trading on Bitcoin but not other coins right?
Thanks!
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