In this Insight (Part 1 of 2) we review recent international
developments which seem to signal the beginning of a shift in how
regulators view exchange traded funds which afford access to
bitcoin exposure.
Introduction
Bitcoin reached a new all-time high value a day after a bitcoin
futures-based exchange traded fund (“ETF”) launched on
Wall Street for the first time. The launch marks a milestone for
the crypto industry, with the ETF potentially providing access to
bitcoin exposure to a whole new category of traditional investor.
In addition to Bitcoin Futures ETFs, we also consider developments
involving Equity-based Bitcoin ETFs, Bitcoin Exchange Traded
Products, and the challenges that are faced by Physical Bitcoin
ETFs.