This marks a significant step for the United States, but has also sent ripples into other markets globally. If BITO continues to be as well received as its first day would imply, then it is likely more and more will want to follow suit. The ETF offers exposure to derivatives from Bitcoin futures contracts, not Bitcoin itself. While purists may find this undesirable, it provides a notable degree of insulation for investors from Bitcoin’s inherent volatility. Other products in other markets with similar philosophies could help assuage the concerns that have kept institutional players at bay for years.
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com
