Crypto currency ETFs: The next trend?
In October, the US Securities and Exchange Commission gave the green light to the ProShares Bitcoin Strategy ETF. This is the first US bitcoin futures-based exchange-traded fund, and for many this was seen as a turning point for cryptocurrencies when it began trading at the end of October.But the SEC drew a line in the sand just a few days later, refusing to authorise a leveraged ETF fund tracking a basket of synthetic crypto assets. This suggested the regulator wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, reducing…
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