THELOGICALINDIAN - The buyer of the NBA aggregation Dallas Mavericks Mark Cuban has said no to advance in bitcoinbased exchangetraded funds ETFs one of which could alpha trading abutting anniversary in the US The Shark Tank brilliant does not see a acumen for him to advance in a bitcoin ETF emphasizing that he can buy the cryptocurrency directly
Mark Cuban Says No to Bitcoin ETF
The Shark Tank brilliant and buyer of the NBA aggregation Dallas Mavericks, Mark Cuban, has aggregate his thoughts on the heavily absorbed bitcoin exchange-traded funds (ETFs). While the U.S. Securities and Exchange Commission (SEC) has yet to accept a bitcoin ETF, the aboriginal bitcoin futures ETF could activate trading in the country as aboriginal as abutting week.
However, Cuban is not planning to advance in a bitcoin ETF or a bitcoin futures ETF back one starts trading on an American exchange. Responding to a catechism in an account with CNBC, appear Friday, whether he affairs to advance in any bitcoin-based ETF, the bluff catchbasin brilliant bluntly replied:
Cuban has been in the crypto amplitude for absolutely some time. He ahead alleged bitcoin “better gold than gold” due to its algebraic scarcity, seeing the cryptocurrency as a abundance of amount rather than a currency. He said in April:
The buyer of the Dallas Mavericks additionally ahead appear that he had invested in ether (ETH), dogecoin (DOGE), non-fungible tokens (NFTs), and a cardinal of blockchain companies. He and Tesla CEO Elon Musk see dogecoin as the “strongest” cryptocurrency for payments.
As for cryptocurrency regulation, Cuban believes that the rules are cryptic and has about criticized the SEC for demography an enforcement-centric access to acclimation the crypto industry. “The botheration isn’t that bodies are attractive for blah areas, it’s that there rarely are authentic rules. Adjustment through action accessories all the bodies who can’t allow a lawyer, accountant, or advisor,” he opined.
While futures-based bitcoin ETFs accommodate investors with some acknowledgment to the crypto bazaar after absolutely owning any coins, Todd Rosenbluth, administrator of ETF and alternate armamentarium analysis at CFRA, explained:
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