ETFs and Bitcoins are both amazing Fintech evolutions… and a marriage/merger has been proposed.
Three ETFs have been proposed:
– Winkelvos: a grantor trust that uses their exchange to set price
– Solidx: a similar ETF but includes insurance and less conflicted pricing source for index
– Grayscale: will convert the current ETP into a open ended ETF structcture
We think that the odds of these ETFs being approved are 50/50, based on premium contraction of GBTC, historical ruling actions of the SEC and concerns about the grantor trust structure.
Are they a good investment?
We think they are a better investment for bitcoins than for ETFs, and better for longterm investors than traders.
Watch our commentary to decide wether to invest on Bitcoin ETFs or not…
Please view some important disclosures about this video here.
