Yes, we should be expecting the operation of many ETFs by next year and this is not just in the USA as other cryptopreneurs from other countries are now also looking into this great platform to further explore the many ways we can all profit from Bitcoin and other cryptocurrencies. But what is this ETF? Let's explore this further:
DEFINITION of 'Exchange-Traded Fund (ETF): An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors. Because it trades like a stock, an ETF does not have its net asset value (NAV) calculated once at the end of every day like a mutual fund does.
Taken from this source. After CBOE and CME got the approval for their Bitcoin Futures, many are looking forward for the eventual introduction of ETFs to the market since the lack of platform like the futures had been the major objection of SEC which lead to the rejection of ETF applications early this year. Now, the SEC has been deluged with applications and we have not yet heard about the other countries yet.
Now, we have Bitcoin Futures platform and soon we can see the operation of many ETFs...these are the trends making the legitimization of Bitcoin a big reality we should be celebrating (or should we?).
