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