BlackRock’s misguided effort to create ‘Crypto for Dummies’ By Cointelegraph
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BlackRock (NYSE:), a multinational investment company, shocked many in the cryptocurrency industry in June when it filed an application for an exchange-traded fund (ETF), the iShares Trust. It’s seeking to overcome 10-year-long opposition from United States regulators to cryptocurrency ETFs. A spot Bitcoin ETF would be tradable on a traditional stock exchange and track with the market.
While supporters argue that ETFs are tax-efficient, easy to trade and cheap, BlackRock’s approach is arguably misguided. It is important to keep in mind that ETFs do not have the same focus or goals as Bitcoin (BTC).
Daniele Servadei is the co-founder and CEO of Sellix, an e-commerce platform based in Italy.
Continue Reading on Coin Telegraph
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BlackRock (NYSE:), a multinational investment company, shocked many in the cryptocurrency industry in June when it filed an application for an exchange-traded fund (ETF), the iShares Trust. It’s seeking to overcome 10-year-long opposition from United States regulators to cryptocurrency ETFs. A spot Bitcoin ETF would be tradable on a traditional stock exchange and track with the market.
While supporters argue that ETFs are tax-efficient, easy to trade and cheap, BlackRock’s approach is arguably misguided. It is important to keep in mind that ETFs do not have the same focus or goals as Bitcoin (BTC).
Daniele Servadei is the co-founder and CEO of Sellix, an e-commerce platform based in Italy.
Continue Reading on Coin Telegraph
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