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Posted On: 04/09/2018 7:57:10 PM
Post# of 127211
Re: wowhappens28 #10742
Quote:
Cryptocurrency Fever Is Hitting ETF Investors
As near as I can tell there is an ETF for everything.
There should be one named 'Scratch This Itch', an ETF of
ETF's that tracks the hottest new sectors.
Just watch!
https://money.usnews.com/investing/cryptocurr...-blcn-gbtc
Money is pouring into new blockchain funds at an impressive rate.
By Wayne Duggan, Contributor |Jan. 29, 2018, at 7:34 a.m.
The huge success of the blockchain ETFs comes just as the U.S. Securities and Exchange Commission is holding its ground not approving ETFs with direct exposure to cryptocurrencies for listing on major U.S. exchanges. Earlier this month, SEC director Dalia Blass said proposed cryptocurrency ETFs are off the table until the funds can give satisfactory answers to questions about investor risk from extreme volatility, lack of liquidity and potential market manipulation.
“Until the questions identified above can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them,” Blass wrote on Jan. 18.
For now, cryptocurrency ETF investors must make do with the BLOK ETF, the BLCN ETF and the Bitcoin Investment Trust (GBTC), which trades on the over-the-counter market.
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