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A Bitcoin ETF is literally the antithesis of the crypto project. It’s a centralised, highly regulated trad-fi product. Also, no one is going to end up accident
by SilverBirch 3y ago
A Bitcoin ETF is literally the antithesis of the crypto project. It’s a centralised, highly regulated trad-fi product.
Also, no one is going to end up accidentally investing in crypto, these ETFs are going to be super niche products.
- koolba 3y agoIt’s also the only way for most to get crypto exposure in an IRA. Avoiding the insanity that is crypto tax filings may be worth the risks and fees.
- Alupis 3y agoI think this is the huge part - letting retirement accounts dabble in crypto. For those young enough (or foolish enough) to operate a high-risk/high-growth retirement portfolio, holding crypto can be a large boon. Just the past 365 days of BTC has 162% increase in value.
- wmf 3y agoBuying and holding crypto isn't that complex for tax purposes (although it could still be easier). The craziness comes in when people get into DeFi but ETFs don't let you do that anyway.
- miohtama 3y agoNot by accidentally, but many index funds will, and then people will indirectly through their pensions. Most of funds by AUM are now passive index funds.
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