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What will this mean for bitcoin? Will the ETF be investing the bitcoins it purchases? Or will this just mean more transfers that steadily increase the value of
by eblume 13y ago
What will this mean for bitcoin? Will the ETF be investing the bitcoins it purchases? Or will this just mean more transfers that steadily increase the value of accounts that never make any debits?
- wmf 13y agoIt's difficult to invest Bitcoins since the expected rate of return of holding them exceeds the rate of return of almost all legitimate businesses. Although I haven't read the registration document, the idea of an ETF is to simply hold the underlying asset and pass through its appreciation to investors.
- hosay123 13y agoThey'll be purchasing and (and most likely) holding Bitcoin for prolonged periods