We filed an amended S-1 in October. Liquidity is going to be an issue, a significant issue, that needs to be solved before a practical ETF can be created. There are numerous reports of delays or limits on cashing out Bitcoin holdings, and many exchanges have had difficulty dealing with bitcoin etf list institutions.
In November 2013 it was reported that, due to high volatility, Plus500 had removed the leverage from the product, and instituted a rule that all contracts would expire at the end of the day. A private trust known as the Bitcoin Investment Trust is also in development. It will not be as liquid as an ETF, and it geared towards institutions and high-net-worth investors. Be warned that Bitcoins have no intrinsic value and could fall to near-zero value under various circumstances. For example if financial laws were put into place to disallow the use of Bitcoins as a form of currency.
Or if Bitcoin exchanges are subject to failure, due to cyber-attack. Or if it turns out that the fundamental algorithm for creating Bitcoins can be gamed. The proposed Bitcoin ETF, to be traded on the NASDAQ exchange and with the proposed ticker symbol COIN, is still moving through regulatory channels. Information on this website should not be considered to be investment advice.
Any ETF can go DOWN as well as up. Information on this website should not be assumed to be complete or correct. Funds can also change their investment goals. That’s why, wherever possible, we provide links to the actual fund sponsor and the exchange on which the fund trades. Original content and unique compilation of information are copyright 2007-2015. NYSE Arca has filed with the U. As indicated in the filing, the ETFs would track two recently launched futures contracts, released in the past week and a half by Cboe and, later, CME Group.