An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the fledgling bitcoin market, analysts say. But most bitcoin observers say that a bitcoin ETF is an inevitability eventually. The small size of the bitcoin market, however, could still be an impediment to orderly fund trading. Much more trading occurs in China, but those exchanges wouldn’t be used by a U.S. fund, Mr. Bogart says, because they function in an opaque manner. Strong demand and perhaps a lack of sophistication are causing OTC traders to overpay for the shares, Mr. Bogart and others say.

Source: Wall Street Journal February 06, 2017 03:10 UTC