When you say "I won't have to worry about the security of my coins"... I think you've got this backward.
There's nothing more secure than a paper wallet that has been generated offline. Bitcoin was created as a way to avoid the need to trust a third party. If you don't believe that's necessary, then you're just trading it hoping to make USDs, not because ...
Normally, ETFs define a "Creation Units" (CU), for which they are exchangeable electronically with the ETF administrator. If the size isn't be practical for a retail investor, then the value of any discrepancy is eventually captured by HFT arbitrageurs, thus forcing the prices into alignment. This tends to be very effective in keeping the prices within ...
You don't get the bitcoins themselves. Your investment fluctuates in response to the exchange rate. From the brothers W:
The investment objective of the Trust is for the Shares to reflect the
*performance* of a weighted average price of Bitcoins, less the Trust’s
In other words, if the average exchange rate USD/BTC is $230, and you buy $...
Fees expense ratio, trading, and commission transaction fee
Taxes IRA/401K protection post-tax, and capital gains?
Liquidity broker hours seller/buyer demand
Minimums one share one satoshi + tx fee
Another way I would ...
Is it necessary to build [Exchange Traded Funds] over block-chain technology?
in case the answer is no, why?
Imagine an ETF based on stocks in gold mining companies. Those companies own open-cast mines and rock-crushing machines.
An exchange can buy and sell shares, or funds based on those shares without directly themselves operating any open-cast ...
An Investor's Business Daily article discusses why GBTC's value does not match the value of the Bitcoins held in the fund.
It says that GBTC is not an ETF - it is a grantor trust.
It is not registered with the SEC [...] and it doesn't trade on an exchange. It trades on the over-the-counter market, which has less stringent participation rules than ...