Now JP Morgan talks about the benefits of a bitcoin ETF
On February 9, 2018, JPMorgan informed its clients of the benefits that Bitcoin ETFs would bring and i want to share the most important topics that they underline.
Ease of access: "Investors need wallets to exchange physical Bitcoins today, which hinders access without problems. ETFs are frequently traded and are very accessible through the investors' "brokerage" accounts.
Liquid market: "ETFs are actively negotiated and very transparent"
High integrity: "ETFs are negotiated through brokerage accounts that carry insurance through SIPC. The exchanges of Bitcoin do not have such insurance and expose the holders to possible frauds and thefts "
JPMorgan officials also stated that a Bitcoin ETF "could have a transformational impact on the cryptocurrency." To emphasize this point, JPMorgan compared it to the impact that the first gold-based ETF had on the financial market.
After that news the market comes green :)
Sin duda esto sera tomada de muy buena manera por la comunidad del bitcoin y ayudara de nuevo al crecimiento de este.
Total eso dara mas confiaza a los inversores. Un saludo
what a research.... it really helpfull for us...tnx man
Hi Dim
thats a good news we where waiting for some good news
to pump up the BTC as it was bit boring to trade in it
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@maujmasti
Thanks
buena noticia que contrasta con la de Goldman Sachs.