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Utulu Hope
March 28, 2021
Bitcoin ETF is a legitimate form of investment that cuts out the complex issues and security procedures many people face when dealing with cryptocurrencies. Nevertheless, it is yet to break into the US financial market.
Introduction to ETFs
Bitcoin and cryptocurrency have become the talk of the town. Years ago, only a small number of individuals adopted Bitcoin. At that time, the value was relatively low as over 5000 BTCs could purchase a mere 3 to 4 hamburgers if not less. Compare that to today's world where institutional investors are now clamoring for cryptocurrencies. Recently, MicroStrategy converted a considerable amount of its balance sheet into Bitcoin (over $3 billion). Even Tesla, the futuristic electric car company, has approved the use of BTCs to make purchases.
However, with all these interesting facts about Bitcoin, something is missing. How can many people in the economy embrace it? How can more individuals be exposed to this haven asset? One answer, according to many, is the use of an ETF. In this article, we will explain what an ETF means and its relationship with Bitcoin.
What is a Bitcoin ETF?
Understanding the meaning of an ETF gives an excellent head start to what Bitcoin ETF is. The term ETF is an abbreviation for an exchange-traded fund. It is an investment fund that tracks the price of a fundamental asset. It exists in many industries and various types of assets. For instance, gold ETFs have been in existence for a long time, tracking the price of gold.
Just like the gold ETF, a Bitcoin ETF works in a similar way by tracking the price of Bitcoin. What more, ETFs are financially regulated products. They can be traded on conventional markets like NASDAQ, Dow Jones, and S&P 500, unlike regular cryptocurrencies that can only be sold on a crypto exchange. As such, the border between the two financial gateways remains sour.
How Does a Bitcoin ETF Work?
Bitcoin ETFs allow traders to adjust their investments even when they do not own these assets. For investors whose sole target is to make a profit and avoid losses, ETFs make it easier and simpler to buy and sell individual assets. Many ETFs target a large market in a specific niche. Because of this, they allow investors to modify their holdings easily.
Anyone can invest in a Bitcoin ETF without facing the trouble or stress of trading Bitcoin usually. In addition, those who own a Bitcoin ETF do not invest in Bitcoin directly. Therefore, they will not have to face the same complex storage and security procedures other cryptocurrency investors face.
Benefits of a Bitcoin ETF
Now, it is evident that Bitcoin is an asset that could be a bit complicated. You do not expect large organizations to make BTC transactions like regular traders. For instance, Goldman Sachs will not just plug a hardware wallet and transfer some huge amount of BTC into it. Large firms need a complex regulatory framework to carry out these types of transactions.
A Bitcoin ETF is very effective in this scenario. It gives traditional markets price information about an asset without having to worry about the process of owning them physically. Moreover, a Bitcoin ETF is not restricted to just Bitcoin. It can hold other assets, like Gold, Ethereum, Tesla stocks, and so on. Therefore, investors have a variety of assets to choose from.
Significance of Bitcoin ETFs in US Markets
When people discuss Bitcoin ETFs, one thing that comes to mind is the US market. However, the US market will not be the first to adopt the use of ETFs. The first Bitcoin ETF, called the "Purpose Bitcoin ETF", was initiated on the Canadian stock market. Regardless, the US market is the world's biggest financial market. A US Bitcoin ETF would further strengthen Bitcoin's adoption as a form of investment.
Many attempts have been made to launch a Bitcoin ETF in the US market, but all have faltered due to actions of the Securities and Exchange Commission (SEC). The US SEC gave various reasons for declining attempts to create a Bitcoin ETF in its financial market. Some of the issues cited by the US SEC include Bitcoin's volatility and unregulated nature, including its liability to market manipulation. Though these factors seem plausible, how about other markets that have ETFs?
The capacity for Bitcoin to be a macro asset class was greatly helped by the advancement in blockchain technology. Years ago, large firms could not buy billion dollars worth of Bitcoin easily. Now, there is enough infrastructure and liquidity to carry out extensive operations. With this, regulatory bodies may eventually align with Bitcoin markets' maturity and pave the way to create a US Bitcoin ETF. How this will happen is still unknown. However, we can stay positive that it is closer than expected.
Opinion: Invest in Bitcoin or Bitcoin ETFs?
We believe that you are better off just investing in Bitcoin. If you are someone who wants to save money and protect it against the devaluation of traditional currencies, Bitcoin may be the way to go. As indicated above, there are many benefits of investing in Bitcoin ETFs. Depending on what Bitcoin means to you, you can either invest directly or adopt the use of ETFs if you find them attractive.
Closing Remarks
A Bitcoin ETF plays a crucial role in financial markets. From not facing the complex procedures investors pass through when making cryptocurrency transactions to not being restricted to the use of crypto exchanges, Bitcoin ETFs are crucial. However, the US SEC still has issues bringing it to the US markets, sighting some apparent inadequacies. Many other markets have embraced the use of Bitcoin ETFs with its uniqueness of diversification of assets. We can only keep our fingers crossed as we anticipate when this innovation will find its way into the most significant financial market in the world.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!
For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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January 28, 2022
Socios.com Sues Argentine Football Federation Over Binance Deal
Web3 crypto competitors have finally come head-to-head after a year long expansion into worldwide sports.
Socios Sues AFA
As Binance announced its partnership with the Argentinian FA in the past week, the news was not met with plaudits by Socios. Socios has filed a complaint against the footballing organization.
Judge María José Gigy Traynor of the Argentinian National Commercial Court ordered the AFA to honor three contracts previously agreed with Socios. The contracts in question were acquired and reported on by Coindesk’s Andrés Engler on January 27. In a statement to CoinDesk, the AFA had recognized the injunction but underlined its intention to appeal.
The AFA then began picking up on its own frustrations claiming:
- The Argentina token was not sufficiently promoted
- Several issues in the use of images of the national team and league
Socios has refuted these claims, notifying CoinDesk that they have made all outstanding payments to the AFA and have no obligations for further payment. A likely instigator for the payment squabble may come from the broad market drawback which has also seen the AFA token plummet by over 50% since the summer, according to CoinMarketCap.
Many speculate that what has precipitated the recent partnership between the AFA and Binance is potentially a higher offer that was otherwise not matched by Socios. The AFA has refuted this assumption, but Binance will do well to let this dispute play out while they remain in the background.
Whether these speculations will be confirmed is another matter, as the courts proceed to examine contractual obligations and seek to determine who is in the wrong.
BSC News will be following closely as the story develops.
What is Socios.com
Socios.com is the official crypto wallet and trading platform for some of the biggest sports teams in the world. The site is an innovative fan engagement platform that was created for the Chiliz blockchain. The Socios platform provides the owners of the fan tokens with access to voting rights in polls, VIP rewards, exclusive club, and sponsor promotions, AR-enabled features, chat forums, games, and competitions. Socios.com aims to introduce millions of new fans from around the world to the benefits of Fan Tokens in 2022 with new innovations, features, and rewards to be added throughout the year.
Follow Socios:
January 28, 2022
Babylons NFT Teams with Jigen for Luxury Fashion NFTs
The partnership would see luxury fashion NFTs come to the Babylons NFT marketplace in the future.
Babylons Secures Partnership With Jigen
Leading game aggregator and Non-Fungible Token (NFT) marketplace on Binance Smart Chain (BSC), Babylons, has partnered with Jigen to bring luxury fashion NFTs to its users.
Jigen offers a multi-chain ecosystem, enabling Luxury NFTs interaction in secondary markets like Babylons. Both protocols would merge to build the hype of fashion and luxury in the NFT space. Babylons took to Twitter on January 27th to announce the partnership deal.
“Babylons new partnership with @jigenapp. Jigen is the first #NFT gateway for fashion and luxury items in the #Metaverse and #gaming ecosystem. Jigen is an all-in-one solution for brands to bridge their business into the #blockchain space,” Babylons tweeted.
With Jigen, NFT enthusiasts and business owners would display their fashion items to the metaverse and gaming ecosystem. The partnership would ensure that Jigen users display their wearables and trade them on the Babylons NFT marketplace. In addition, the Babylons community would have the license to purchase exclusive Luxury NFTs, adding more utility to the Babylons’ $BABI token.
What is Babylons?
Babylons is a community-governed NFT marketplace on Binance Smart Chain for creators, investors, users, and collectors. The platform has many unique features, including its low-cost minting, weekly rewards, and a Decentralized Autonomous Organization (DAO) governance that puts the power in the community’s hands.
Where to find Babylons:
Website | Twitter | Telegram | Medium
What is Jigen?
Jigen is an NFT gateway for Fashion and Luxury items in the metaverse and gaming ecosystem. The protocol focuses on a three-point plan to build its brand, offer exclusive NFT drops through its Launchpad, and create custom NFT works for companies and projects.
Learn more about Jigen through the following links:
What are Bitcoin ETFs
Bitcoin ETF is a legitimate form of investment that cuts out the complex issues and security procedures many people face when dealing with cryptocurrencies. Nevertheless, it is yet to break into the US financial market.
Introduction to ETFs
Bitcoin and cryptocurrency have become the talk of the town. Years ago, only a small number of individuals adopted Bitcoin. At that time, the value was relatively low as over 5000 BTCs could purchase a mere 3 to 4 hamburgers if not less. Compare that to today's world where institutional investors are now clamoring for cryptocurrencies. Recently, MicroStrategy converted a considerable amount of its balance sheet into Bitcoin (over $3 billion). Even Tesla, the futuristic electric car company, has approved the use of BTCs to make purchases.
However, with all these interesting facts about Bitcoin, something is missing. How can many people in the economy embrace it? How can more individuals be exposed to this haven asset? One answer, according to many, is the use of an ETF. In this article, we will explain what an ETF means and its relationship with Bitcoin.
What is a Bitcoin ETF?
Understanding the meaning of an ETF gives an excellent head start to what Bitcoin ETF is. The term ETF is an abbreviation for an exchange-traded fund. It is an investment fund that tracks the price of a fundamental asset. It exists in many industries and various types of assets. For instance, gold ETFs have been in existence for a long time, tracking the price of gold.
Just like the gold ETF, a Bitcoin ETF works in a similar way by tracking the price of Bitcoin. What more, ETFs are financially regulated products. They can be traded on conventional markets like NASDAQ, Dow Jones, and S&P 500, unlike regular cryptocurrencies that can only be sold on a crypto exchange. As such, the border between the two financial gateways remains sour.
How Does a Bitcoin ETF Work?
Bitcoin ETFs allow traders to adjust their investments even when they do not own these assets. For investors whose sole target is to make a profit and avoid losses, ETFs make it easier and simpler to buy and sell individual assets. Many ETFs target a large market in a specific niche. Because of this, they allow investors to modify their holdings easily.
Anyone can invest in a Bitcoin ETF without facing the trouble or stress of trading Bitcoin usually. In addition, those who own a Bitcoin ETF do not invest in Bitcoin directly. Therefore, they will not have to face the same complex storage and security procedures other cryptocurrency investors face.
Benefits of a Bitcoin ETF
Now, it is evident that Bitcoin is an asset that could be a bit complicated. You do not expect large organizations to make BTC transactions like regular traders. For instance, Goldman Sachs will not just plug a hardware wallet and transfer some huge amount of BTC into it. Large firms need a complex regulatory framework to carry out these types of transactions.
A Bitcoin ETF is very effective in this scenario. It gives traditional markets price information about an asset without having to worry about the process of owning them physically. Moreover, a Bitcoin ETF is not restricted to just Bitcoin. It can hold other assets, like Gold, Ethereum, Tesla stocks, and so on. Therefore, investors have a variety of assets to choose from.
Significance of Bitcoin ETFs in US Markets
When people discuss Bitcoin ETFs, one thing that comes to mind is the US market. However, the US market will not be the first to adopt the use of ETFs. The first Bitcoin ETF, called the "Purpose Bitcoin ETF", was initiated on the Canadian stock market. Regardless, the US market is the world's biggest financial market. A US Bitcoin ETF would further strengthen Bitcoin's adoption as a form of investment.
Many attempts have been made to launch a Bitcoin ETF in the US market, but all have faltered due to actions of the Securities and Exchange Commission (SEC). The US SEC gave various reasons for declining attempts to create a Bitcoin ETF in its financial market. Some of the issues cited by the US SEC include Bitcoin's volatility and unregulated nature, including its liability to market manipulation. Though these factors seem plausible, how about other markets that have ETFs?
The capacity for Bitcoin to be a macro asset class was greatly helped by the advancement in blockchain technology. Years ago, large firms could not buy billion dollars worth of Bitcoin easily. Now, there is enough infrastructure and liquidity to carry out extensive operations. With this, regulatory bodies may eventually align with Bitcoin markets' maturity and pave the way to create a US Bitcoin ETF. How this will happen is still unknown. However, we can stay positive that it is closer than expected.
Opinion: Invest in Bitcoin or Bitcoin ETFs?
We believe that you are better off just investing in Bitcoin. If you are someone who wants to save money and protect it against the devaluation of traditional currencies, Bitcoin may be the way to go. As indicated above, there are many benefits of investing in Bitcoin ETFs. Depending on what Bitcoin means to you, you can either invest directly or adopt the use of ETFs if you find them attractive.
Closing Remarks
A Bitcoin ETF plays a crucial role in financial markets. From not facing the complex procedures investors pass through when making cryptocurrency transactions to not being restricted to the use of crypto exchanges, Bitcoin ETFs are crucial. However, the US SEC still has issues bringing it to the US markets, sighting some apparent inadequacies. Many other markets have embraced the use of Bitcoin ETFs with its uniqueness of diversification of assets. We can only keep our fingers crossed as we anticipate when this innovation will find its way into the most significant financial market in the world.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!
For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
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