CryptoMarketCap - Cryptocurrency Market Capitalizations logo CryptoMarketCap - Cryptocurrency Market Capitalizations logo
Seeking Alpha 2021-02-10 19:52:54

Elon Musk and Tesla are Bitcoin investors, is this the year for a Bitcoin ETF?

What are the chances we can see a U.S. based ETF that is focused around Bitcoin (BTC-USD) in 2021? It’s the question that has been asked over and over and with the news today that Elon Musk, CEO of Tesla (TSLA) has stirred the Bitcoin (BTC-USD) pot, it has resurfaced itself again. Tesla (TSLA) on Monday revealed that it has just recently purchased $1.5 billion of Bitcoin (BTC-USD) and plans to accept it as a form of payment in the future. As if Bitcoin (BTC-USD) is not volatile enough it’s now down -3.75% on the day. So back to the question of if there can be a Bitcoin (BTC-USD) ETF created in 2021? Well in order to answer the reality of that question we first will have to address two major questions. Is there a demand for one and what are the challenges in creating one? Bitcoin (BTC-USD) fans have

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer