Bitcoin ETF, Ethereum ETF, Ripple ETF, Crypto ETFs approved

ETFs or Exchange Traded Funds are basically stocks traded on stock exchanges which can hold many assets.

There has been a lot of fuss if they can also hold crypto assets and if they are going to be approved by central authority. Reasons against it were mainly due to the lack of regulation.

Futures were the first to introduce trading with crypto assets to institutional investors. These are basically contracts to buy or sell something at a predetermined price and time.

With short future somebody can profit from a fall in price of underlying asset. Shortly after futures were introduced, crypto market suffered a large correction. 😉

With futures chances of ETFs approval were suddenly improved. The crypto market expected ETFs before futures and that would result in more money entering the market from institutional investors not less.

Market expecting the ETF approval could be related to crypto market higher price speculation. Looks like institutional investors had quite the opposite plan. 💰

If somebody wanted to diversify, that was already possible with a crypto fund. Iconomi is the first platform to offer Digital Asset Arrays, which are crypto asset funds similar to ETFs and they are decentralised like its underlying assets.

What do you think about crypto ETFs? How will crypto, institutional investors and central authority affect this market? ❓

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Thank You for reading. Use this information at your own risk. Disclosure: Author of this post is investing directly and sometimes indirectly into crypto assets mentioned here.