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ETFs are the reason this is a big thing. The CME contract enables ETFs with viable size and for both long and short BTC (otherwise they would only really be pos
by tomatocracy 9y ago
ETFs are the reason this is a big thing. The CME contract enables ETFs with viable size and for both long and short BTC (otherwise they would only really be possible as long ETFs, although the ETF could be shorted itself, and long ETFs would have to own the underlying BTC). In turn, that gives retail speculators (it feels difficult to call them investors for BTC...) access to BTC, which is a significant pool of money.