The exchange trade fund is very relevant to business companies who deal with transaction of cryptocurrencies. It is also clear that with EFT, it will be possible for crypto companies to hold securities, bonds and even assets on behalf of the value of bitcoins they have. With ETF, the crypto currency companies will always be in a position to convert crypto currencies into bond, assets and securities. It that case, while it is important to ask what cryptocurrency is, you need also to ask yourself the reason behind Investment startup Bitwise has been proposing ETF for the top ten crypto companies. Of course, there is a reason why that is so.
In other top cryptocurrency news sites, many a times we have heard about the rejection of ETF introduction into the world of cryptocurrency. The reason behind the introduction of ETF is basically to ensure that bitcoin values can be converted into securities, bond and others. However, even before going too far with EFT, let’s start with what cryptocurrency is. Cryptocurrency is basically a form of exchange media that is transacted from one person to the other. Just like cash, it can be transferred from one person to the other. They depreciate in terms of value and this is when it can be transacted so as to gain from it.
The most recent cryptocurrency news have aired the fact that the investment startup bitwise has already proposed ETF for top 10 crypto companies to adopt the ETF strategy so as to make sure that it is possible to convert crypto currencies into assets or other elements that can be liquidated. From these particular cryptocurrency latest news today, it is now clear that firms dealing with cryptocurrencies have been in constant talks with Bitwise with the aim of making sure that these companies get to adopt it. Now, will these companies stand a chance of growth? No one knows.
The best cryptocurrency news sites has also expressed the fact that there have been rejection of the adoption and the introduction of ETF to the ten crypt firms. I might not know what your view about this is but in real sense, it a good course because these firms will have extensive means of storing cryptos. You must consider the fact that all firms dealing with cryptocurrencies have never had an opportunity to store their values in bond and even securities.