BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

What Happens When The USA Finally Introduces A Bitcoin ETF

The first gold ETF in the world launched in 2003 and in the decade that followed, the asset burst onto the investment scene and shot up at price? Will Bitcoin follow this path?

Gold has become one of the world’s top assets, with most investors viewing it as one of the greatest stores of value. However, it wasn’t always like this. One of the major turning points for the precious metal was in 2003 when the first-ever gold ETF launched in Australia. In the decade that would follow, gold would burst onto the scene and cement its position as one of the world’s top assets. Will Bitcoin follow a similar path once an ETF in the U.S launches?

The first gold ETF was the Gold Bullion Securities which launched on March 28, 2003, on the Australian Stock Exchange. In the few years that would follow, the investment product would become quite popular, finally making its way to the U.S a year later. State Street, the second-oldest American bank, launched its own gold ETF in 2004. In just its first three trading days, it had surpassed $1 billion in assets. Since then, gold ETFs have become one of the most basic investment products.

Will the same happen with Bitcoin once the first ETF launches in the U.S market? Crypto influencer, YouTuber, and trader Lark Davis believes it will. He recently took to Twitter to tout the power that an ETF holds, predicting that Bitcoin will shoot into the mainstream scene upon …
Story continues on Zycrypto

Related posts
AltcoinsAnalysisBitcoin CashHideCryptopanicNewsNews 1SocialTrading View

Bitcoin Cash, Aave, Maker Price Analysis: 30 March

Bitcoin Cash awaited strong cues to climb above the coveted $600-mark. Aave could move south and towards the $304.2-support level if the price fails to breach its overhead resistance. Finally, Maker wThe post Bitcoin Cash, Aave, Maker Story continues on…
CoinGapeNews

Tether Offers Transparency Report to Prove Its Reserves Are Fully Backed

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed resrves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed…
AltcoinsNewsNews 1TechnologyTrading View

What you should know about Cardano's switch to decentralization?

With the Cardano team preparing for a transition to fully “decentralized block production” by 31 March, a researcher explained an interesting concept behind the “switch to decentralization.”  As pThe post What you should know about Cardano’s switch to decentralization? Story…