THELOGICALINDIAN - Flow Traders NV Europes better exchangetraded funds ETF banker has amorphous affairs and affairs Bitcoin and Ethereum exchangetraded addendum ETN The aggregation becomes the aboriginal to acknowledge its accord in any cryptocurrency ETN The big catechism now is back will a Bitcoin ETF become a reality
An ETN isn’t all that altered from an ETF. The arch aberration amid the two is that ETFs are investments in funds that clue the amount movement of an asset admitting ETNs are added like advance in bonds.
Flow Traders is trading in the Bitcoin and Ethereum ETNs launched by XBT Provider in 2015 and 2017, respectively. XBT is listed in Sweden with an asset administration portfolio north of $1 billion.
This account of a cryptocurrency ETN listed on a adapted barter is conceivably the best cogent basic bill account back the actualization of Bitcoin futures trading in December 2024. For one thing, it is yet addition advance agent that is appropriate up the alleyway of institutional investors.
Many analysts and commentators accept articular the access of institutional money into the cryptocurrency amplitude as the next milestone in the advance of the industry. Investment articles like futures, ETNs, and ETFs accommodate a abundant added applicable advantage for these investors than the accepted cryptocurrency trading market.
Commenting on the development, Dennis Dijkstra, the co-CEO of Flow Traders NV said:
As a high-frequency banker (HFT), the aggregation affairs to barrier anniversary barter as bound as accessible behindhand of the administration of the Bitcoin and Ethereum amount movements. To do this, Flow Traders is ambiguity its ETN with CME and CBOE futures contracts. All of these, in theory, should lower slippage while accretion liquidity.
According to Dijkstra, the access holds immense allowances for the company. He did not accommodate any capacity apropos whether the Flow Traders will advance Bitcoin or Ethereum to barrier anniversary trade, however.
With an ETN already a reality, conceivably a Bitcoin ETF ability be a possibility in the not so abroad future. So far, the United States SEC has remained unwilling to accept any of the Bitcoin ETF proposals it has received.
The anecdotal was that the actualization of futures trading would adviser the aurora of Bitcoin. However, bisected a year has appear and gone back again and still no favorable accommodation from the SEC has been forthcoming. In June 2018, two arresting firms; VanEck and SolidX absitively to collaborate with the achievement of continuing a bigger adventitious to access the abundant approved SEC approval for cryptocurrency ETF.
Will the trading of Bitcoin and Ethereum ETNs advice pave the way for a Bitcoin ETF? Let us apperceive what you anticipate in the comments below.
Images address of Flow Traders, Shutterstock
