ETFs called one of the future market growth accelerators

According to the view of BlockTower analysts, Bitcoin ETFs (as well as altcoin ETFs) can become the factors of the future growth of the cryptocurrency market. This term means cryptocurrency funds traded on exchanges. To put it even more precisely, exchanges start to list asset portfolios which can be traded just like a single asset or one share.

Furthermore, institutional investors will also accelerate the digital financial assets’ growth pace, experts stress. The opinion on this usefulness of influential companies’ arrival for the market is shared by the overwhelming majority of notable players, including Mike Novogratz and, as it seems, the Winklevoss brothers who already have a plan of a self-regulatory organization. One can read about this institution in a separate material on Bitnewstoday.

As for Bitcoin ETFs, there are currently little to none opportunities like this, and the business is only making careful steps in this direction. That said, NASDAQ CEO mentioned Bitcoin ETNs (exchange-traded notes backed by market indexes). According to Adena Friedman, this opportunity already exists in Scandinavia. It is these notes that were mentioned by Deputy Head of the Russian company FINAM Yaroslav Kabakov while talking with Bitnewstoday at a conference this spring.

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