Notes
Notes - notes.io |
<img width="426" src="https://fbnglobalnews.com/wp-content/uploads/2021/11/1636816832_social-750x375.jpeg">
<br>
<img width="333" src="https://fbnglobalnews.com/wp-content/uploads/2021/11/1636629344_adobestock-24k-production-1-750x375.jpg">
<br>According to Bitwise’s chief investment officer Matt Hougan, the firm’s proposal for a futures-based ETF was withdrawn because of “added complexity” and higher than expected costs associated with such an ETF.
<br>In a Twitter thread on Wednesday, Hougan went into detail on the firm’s decision. He explained that they initially thought the benefits of a futures ETF in terms of convenience and accessibility would outweigh the costs of contango, referring to the phenomenon that longer-dated futures contracts typically trade at a higher price than spot.
<br>In addition, Hougan said they initially believed it would be possible to also hold bitcoin exchange-traded products (ETPs) listed in Canada in addition to bitcoin futures contracts as part of the ETF, which would have lowered the overall costs of managing the fund.
<br>As a result, the firm concluded that long-term bitcoin investors “would be better served by spot exposure,” which Hougan noted is already readily available.
<br>Moreover, the chief investment officer reiterated that Bitwise has already filed for a spot-based bitcoin ETF with the US Securities and Exchange Commission (SEC).
<br> investing dolar yorum
<br>According to the Bitwise executive, the company now believes that it will be possible to get a spot ETF approved, given the analysis the firm has done that concluded that the regulated market that is the Chicago Mercantile Exchange (CME) “is now the leading source of price discovery in the bitcoin market.”
<br>“So Bitwise will continue to pursue that goal, and we will look for other ways to help investors get access to the incredible opportunities in crypto,” Hougan concluded by saying.
<br>– Here’s What You Need to Know About the Bitcoin Futures ETF
<br>– First Bitcoin ETF Moves to November Contracts as Competition Heats Up
<br>– MicroStrategy’s and Grayscale Bitcoin Trust’s Shares Now Compete with ETFs
<br>– Australian Crypto-Focused ETF Hits Record, Spot-Based BTC, ETH ETFs Expected
<br>https://fbnglobalnews.com/crypto/bitcoin/this-is-why-bitwise-withdrew-btc-futures-etf/
<br> turkish economy
<br>https://fbnglobalnews.com
<br>
Here's my website: https://ravenbear50.tumblr.com/post/667766750090313728/crypto-money-newscrypto-currency-newscrypto-news
|
|
Notes.io is a web-based application for taking notes. You can take your notes and share with others people. If you like taking long notes, notes.io is designed for you. To date, over 8,000,000,000 notes created and continuing...
With notes.io;
- * You can take a note from anywhere and any device with internet connection.
- * You can share the notes in social platforms (YouTube, Facebook, Twitter, instagram etc.).
- * You can quickly share your contents without website, blog and e-mail.
- * You don't need to create any Account to share a note. As you wish you can use quick, easy and best shortened notes with sms, websites, e-mail, or messaging services (WhatsApp, iMessage, Telegram, Signal).
- * Notes.io has fabulous infrastructure design for a short link and allows you to share the note as an easy and understandable link.
Fast: Notes.io is built for speed and performance. You can take a notes quickly and browse your archive.
Easy: Notes.io doesn’t require installation. Just write and share note!
Short: Notes.io’s url just 8 character. You’ll get shorten link of your note when you want to share. (Ex: notes.io/q )
Free: Notes.io works for 12 years and has been free since the day it was started.
You immediately create your first note and start sharing with the ones you wish. If you want to contact us, you can use the following communication channels;
Email: [email protected]
Twitter: http://twitter.com/notesio
Instagram: http://instagram.com/notes.io
Facebook: http://facebook.com/notesio
Regards;
Notes.io Team
