Author Topic: What is an ETF and How will a Bitcoin one Work?  (Read 409 times)

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What is an ETF and How will a Bitcoin one Work?
« on: March 01, 2017, 03:09:16 AM »
The one event that is going to impact the bitcoin price in the next ten days is the approval or not of a bitcoin Exchange Traded Fund (ETF) in the US. It is an application that the Winklevoss brothers made.
    
Many believe that if they get the go ahead, that will open up bitcoin to mainstream investors, make it more legitimate and thus drive the price further up.

But…

1.    What is an ETF?

2.   How is it different from a mutual or an index fund?

3.   If there is an approval, how will a Bitcoin one work?

Let’s share the knowledge.