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Blockchain ETF to Launch in London

11/03/2019 4:21pm

ADVFN Crypto NewsWire



 
 

Bitcoin Global News (BGN)

March 11, 2019 -- ADVFN Crypto NewsWire -- If London can do it, then what is stopping the United States from following suit? Reportedly, today, an actual Blockchain ETF will be debuting on the London Stock Exchange, which means that anyone who is authorized to invest there, will be able to invest in a wide array of blockchain firms.

Yes, that is correct. This will not be a Bitcoin ETF, as has already been proposed time and time again in the United States. The reason that it appears to have succeeded where similar proposals have failed is therefore, quite easy to comprehend.

In understanding Bitcoin’s still dangerous level of volatility as well as its’ status as a relative rival to existing currencies, it is not difficult to understand why regulators are having a hard time with Bitcoin ETF proposals.

On the other side of things, a Blockchain ETF, as described by CoinDesk and its’ source, Elwood Asset Management, is really just an index fund of companies that are supposed to be important to and impactful in the blockchain industry. Consequently, it is truthfully no different from any other traditional ETF in any other more well-established industry today.

According to one representative from Invesco, which is the other company involved in creating the ETF, its’ primary goal is to give investors direct access to blockchain firms that have been curated for the fund by Invesco and Elwood.

This is a valid value proposition for two key reasons. First, it is nearly impossible to buy direct shares in most blockchain companies due to their native tokens not being usable for such a person and their true shares being owned by a small number of venture capital firms.

Given that Overstock, Square, and other well-known names have been included in the ETF, it just might be the catalyst for a score of new money to move into crypto-assets, as a result. In the end, only time will tell.

 

 

By: BGN Editorial Staff

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