ETF Bitcoin ETF

Discussion in 'Shares & Funds' started by wombat777, 26th Feb, 2017.

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  1. wombat777

    wombat777 Well-Known Member

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    Bitcoin ETFs are awaiting regulatory approval in the US.

    Industry heads point to the nearing deadline of a decision by Securities Exchange Commission in the US to introduce the first of three bitcoin exchange-traded funds (ETF).​

    Bitcoin worth more than gold as price reaches all-time high
     
    wombat777, 26th Feb, 2017
    #1
  2. Bran

    Bran Well-Known Member

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    I'm holding bitcoins through ARKK or ARKW - maybe both
     
    Bran, 26th Feb, 2017
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  3. ACMH16

    ACMH16 Well-Known Member

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    I don't get the point.

    I'd always assumed that currency ETFs existed to remove barriers to access to small scale individual access in exchange for a fee.

    Thing is - Bitcoins have no barrier to access and if you look around a bit have services with low spreads and no ongoing fees.

    There's a significant barrier for Australians in that the ATO has chosen to treat them as a good and apply GST to their sale by market makers, so there's a 10% extra spread if buying them from an Australian source (legitimately anyway - leaving aside the impossibility of tracing and connecting a well protected wallet and handing over cash in person), but given that's not an issue overseas I don't get it.

    Unless they're still trading off the disaster of Mt Gox on a SANF factor, but there's plenty of ways around that too...
     
    ACMH16, 26th Feb, 2017
    #3
  4. wombat777

    wombat777 Well-Known Member

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    wombat777, 12th Mar, 2017
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  5. Redwing

    Redwing Well-Known Member

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    Redwing, 16th Aug, 2017
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  6. bookworm

    bookworm Well-Known Member

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    I bought some bitcoin and some ethereum as a speccy alternative asset using independent reserve - leaving it under the bottom drawer...
     
    bookworm, 19th Aug, 2017
    #6
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