Regarding: An article published on 22nd February 2020 "No Bitcoin ETF Yet: A Deep Dive Into the Situation in the US" by Cointelegraph. Click Here for the full article.
The whole EFT industry, much like the rest of the passive investment industry, is built on misdirection and deception. The reason the big funds create EFTs is to make (a very profitable) income stream out of tied up capital in long term holdings or holdings structured for indexation and tracking. The reason retail money buys ETFs is because it has been made easy and advertised as low cost (even though it is very high cost in reality). Like most things though, the further away from the underlying product you get the less of it you get and the more you pay for the service element.
There has been a lot written about the passage of a Bitcoin ETF. Most of it just plain wrong. The key point people should consider is that the SEC do not deny Bitcoin ETFs because of Bitcoin but because of exchange requirements and exchange rules that require amendment to accommodate the features Bitcoin requires as an asset class. The noise and friction this generates plays into the hands of the established fiat investment industry as it has a vested interest in packaging Bitcoin into a product that they can attach rental fees to once pent up demand is sufficient. The thinking retail investor should not even consider subcontracting any features of Bitcoin and certainly not for the purpose of lining the pockets of intermediaries and investment houses.
