Curious if the SEC allows ETFs for any other imaginary assets?
Companies are imaginary assets.
I'd like a few pounds of goodwill please
SEC Set to Allow Bitcoin Futures ETFs
11–15 of 15 posts
Re: SEC Set to Allow Bitcoin Futures ETFs
#12With the introduction of cryptocurrencies, I feel there are now massively unexploited arbitrage opportunities and other types of plays across assets and markets. If you are tricky and smart, you can use a traditional option or exotic derivative here, a cryptocurrency flash loan or stake/yield scheme there, move the money through these wrappers and lend it on that platform and voila, you’re making money hand over fist…
Well, plenty of traditional prop trading firms have moved into crypto. So I'm sure a lot of those routes are actually already being pursued to an extent. The biggest problem though is due to the relative lack of regulation, most traders are really going to struggle against the exchanges themselves. Flash crashes to trigger stop loss orders, front-running between exchanges, getting caught in pump and dump schemes etc. There are just so many dodgy activities that wouldn't last 10 seconds on a regulated exchange right now. And remember, you don't need to be smarter than average, the vast majority of traders are likely systematically losing money.
Re: SEC Set to Allow Bitcoin Futures ETFs
#13It should be noted that the ETF that will be allowed in the USA is in fact not an ETF for "physical delivery" but for "future contracts". In other words: there will not be a surge in open market buy pressure on Bitcoin at all. Also, ETF's and similar products were previously approved for the EU and Canada, and also did not cause a great influx of new money.
Most etf’s have options which is something that hasn’t been available in the same brokerage account as all other money. Also my retirement accounts don’t allow GBTC but they might allow these etf’s ? Also physical delivery can be arranged by counterparty agreement in cme bitcoin futures. Also taking bitcoin delivery in large quantities is so much easier than taking gold and silver delivery. Now if they will only increase position limits on cme futures enough to not let these etf people do business.
Re: SEC Set to Allow Bitcoin Futures ETFs
#14It should be noted that the ETF that will be allowed in the USA is in fact not an ETF for "physical delivery" but for "future contracts". In other words: there will not be a surge in open market buy pressure on Bitcoin at all. Also, ETF's and similar products were previously approved for the EU and Canada, and also did not cause a great influx of new money.
Most etf’s have options which is something that hasn’t been available in the same brokerage account as all other money. Also my retirement accounts don’t allow GBTC but they might allow these etf’s ? Also physical delivery can be arranged by counterparty agreement in cme bitcoin futures. Also taking bitcoin delivery in large quantities is so much easier than taking gold and silver delivery. Now if they will only incr…
Still no options on bitcoin futures on tdameritrade. Nothing to see here. your princess is in another castle!
Re: SEC Set to Allow Bitcoin Futures ETFs
#15It should be noted that the ETF that will be allowed in the USA is in fact not an ETF for "physical delivery" but for "future contracts". In other words: there will not be a surge in open market buy pressure on Bitcoin at all. Also, ETF's and similar products were previously approved for the EU and Canada, and also did not cause a great influx of new money.
[deleted]