The Damage a Bitcoin ETF Could Do to Individual Portfolios
Too Long; Didn't Read
Crypto enthusiasts who want the Bitcoin ETF to go through have not truly understood Bitcoin. It is very easy for someone to make the claim that they’re ‘in it for the technology’ and it is just as easy to see whether they’re telling the truth. The Bitcoin ETF is being proposed by Van Eck, an asset management firm with nearly $47 billion in Assets under Management (AUM). They are pushing hard to get regulatory approval for this ETF to be launched. Cryptocurrency investors worldwide view this as a game changer that will bring more liquidity to the market. While this may be true, institutional investment in Bitcoin may just be a catalyst for its demise.