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RE: "These aren't the ETFs you're looking for"

in #crypto7 years ago

Honestly I bet it happens almost immediately. There are so many people out there that would like a little exposure to bitcoin, but they don't trust the exchanges or holding the keys themselves. An ETF changes everything for them. There is a reason GBTC always trades at a 40%-70% premium.

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I didn't know about GBTC, thanks for dropping that knowledge. I agree that there are many people hungry for that exposure, but given the amounts of money it would be poured into such ETF I don't know how fast it will be. Money loves speed and we can see it when they speak about an ETF, everybody goes to buy btc. Some people like it safe instead, some will consult, reconsult, then invest a little, then a little extra more...

The fastest the better for mass adoption, let's see how this plays out :)

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