A Sneaky ETF Might Make It In The US

in #bitcoin5 years ago

As we wait for a full ETF to pass the SEC this year one company has an idea that might be easier to get approval. Reality Shares plans on making an ETF with bitcoin futures in it but there is a catch, it is only 25% of the fund (and may drop to 15% before it gets approved). The rest of the fund will be in sovereign debts. This way you are buying a package instead of just bitcoin.

This is a smart way to get an ETF passed. It lowers the risk for investors who want to get into crypto and might be easier to pass. It is also a nice middle ground for people who want to get into crypto but are really hesitant. You can get one of these have some exposure and still be mostly investing in what you may be used to.

The ETF has been filed but we will have to wait to see if it gets approved.

Who thinks an ETF will happen this year?

Here is the link for more info:
https://cointelegraph.com/news/new-proposed-etf-would-encompass-bitcoin-futures-alongside-sovereign-debt-instruments

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