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Curious if the SEC allows ETFs for any other imaginary assets?
by stevenalowe 5y ago
Curious if the SEC allows ETFs for any other imaginary assets?
- CheezeIt 5y agoCompanies are imaginary assets.
- ludamad 5y agoI'd like a few pounds of goodwill please
- Phillipharryt 5y agoThere are many options backed ETFs, these are essentially tracking the right to buy x product at y price. Sure if you trace it down long enough there is an asset there, but realistically you're buying an ETF tracking a number of contracts. The ETFs tracking oil futures aren't going to cash in on these options and collect the oil, so the assets are never going to change hands. They'll sell them at a determined date. Making them essentially contract ETFS. Is a contract for a good you're never going to buy in any other way more 'imaginary' than an electronic currency when compared to hard assets? I guess that's up to the consumer to decide.
- gh55 5y agoBitcoin is imaginary in the same way an email is an imaginary letter, or this is an imaginary conversation (we are not talking face to face, people of last century would struggle to understand that I am indeed talking with another person, somewhere in the world, even though I have never seen you, I understand you do exist as a thinking feeling person. Hope you're having a good day :) ).