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Where Are The Crypto / Bitcoin ETFs?
Published on Feb 16, 2017
Keywords/phrases: Where bitcoin interfaces with the rest of the
traditional financial networks: exchange-traded funds (ETFs). Bitcoin
Investment Trust (GBTC). Bitcoin is sufficiently alien that it can't
be swallowed by the traditional financial system; they have no idea
how to handle it because it doesn't conform to expectations,
counteracting controls, counterparties, risk management layers, checks
& balances. They assume custody, oversight, and control, of which
Bitcoin expresses none. What they have doesn't work with what is new.
Bitcoin is capable of having an ETF; ETFs are quite incapable of
encompassing Bitcoin into the current regulatory system. That is a
feature, not a bug.