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It should be noted that the ETF that will be allowed in the USA is in fact not an ETF for "physical delivery" but for "future contracts". In other words: there
by janandonly 5y ago
It should be noted that the ETF that will be allowed in the USA is in fact not an ETF for "physical delivery" but for "future contracts". In other words: there will not be a surge in open market buy pressure on Bitcoin at all.
Also, ETF's and similar products were previously approved for the EU and Canada, and also did not cause a great influx of new money.
- naveen99 5y agoMost etf’s have options which is something that hasn’t been available in the same brokerage account as all other money. Also my retirement accounts don’t allow GBTC but they might allow these etf’s ? Also physical delivery can be arranged by counterparty agreement in cme bitcoin futures. Also taking bitcoin delivery in large quantities is so much easier than taking gold and silver delivery. Now if they will only increase position limits on cme futures enough to not let these etf people do business.
- naveen99 5y agoStill no options on bitcoin futures on tdameritrade. Nothing to see here. your princess is in another castle!
- deleted 5y ago[deleted]