Where Are The 'Physical' Bitcoin ETF Proposals? - News Summed Up

Where Are The 'Physical' Bitcoin ETF Proposals?


Several companies have announced plans to launch Bitcoin ETFs and the SEC has already rejected some (link). All of the Bitcoin ETFs, that I am aware of, plan to be tied to Bitcoin futures - which have not been launched yet. So the nagging question I have, is why do they need to be tied to Bitcoin futures? But gold has 'physical' backed ETFs like SGOL with over $1 billion in assets. The futures backed products are larger - but for those who want to know that their investment is backed by actual physical gold - there is an option.


Source: Forbes October 29, 2017 16:54 UTC



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