Cryptocurrency Q&A
Who owns a spot bitcoin ETF?
Who owns a spot bitcoin ETF?
BlockchainWizardGuard
Mon Jul 15 2024
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7 answers
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Could you elaborate on the ownership structure of a spot Bitcoin ETF? I understand these Exchange Traded Funds offer investors the ability to gain exposure to Bitcoin without directly purchasing the cryptocurrency, but I'm curious about who ultimately owns the underlying Bitcoin. Is it the ETF issuer? Or are the shares of the ETF simply derivative products representing an interest in a larger pool of Bitcoin? Clarifying this ownership structure would help me better understand the risks and benefits of investing in a spot Bitcoin ETF.
7 answers
GeishaMelodious
Wed Jul 17 2024
Galaxy Digital emerges as a leading firm managing a U.S. spot Bitcoin ETF, a milestone achieved after the SEC granted approval in January 2024. This milestone marks a significant development in the cryptocurrency market.
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IncheonBeautyBloomingRadiance
Wed Jul 17 2024
The approval of the U.S. spot Bitcoin ETF by the SEC signifies a growing acceptance of digital assets by regulatory authorities. Galaxy Digital's involvement in managing this ETF further cements its position as a prominent player in the cryptocurrency space.
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MountFujiView
Tue Jul 16 2024
BTCC's services are tailored to meet the diverse needs of its clients. Its spot trading platform allows investors to buy and sell Bitcoin at competitive prices, while its futures trading offers leveraged exposure to Bitcoin's price movements. Additionally, BTCC's wallet service provides secure storage for digital assets.
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EtherealVoyager
Tue Jul 16 2024
Alongside Galaxy Digital, several other firms have also ventured into managing U.S. spot Bitcoin ETFs. This trend indicates a broadening interest in Bitcoin and its potential as a financial asset.
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mia_clark_teacher
Tue Jul 16 2024
Block, Inc., another notable company, ignited the fuse for institutional investment in Bitcoin with its $50 million investment in the cryptocurrency in October 2020. This investment marked a significant milestone in the institutional adoption of Bitcoin.
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