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BITCOIN FUTURES ETF: Green Light or Red Light for Crypto ?

Published

3 years ago

October 25, 2021

On the Inside Blockchain show this morning dated 25th October 2021, We had the pleasure of hosting the CEO & Co-founder of Yellow Card, Chris Maurice as we discussed and explored the recent Bitcoin Futures ETF and its significant impact on the Crypto Industry.

When asked about the extent a Bitcoin ETF can usher in a new wave of institutional investment and stability to the crypto market, Chris has this to say;

“Certainly not, I think that when we look at the ETF that was approved, we can see that it was a futures ETF. I think this is a great step in the right direction. There is a lot more progress to be made. I hope to see in the next 5 years or less, that we will have an actual ETF backed by ‘physical bitcoin”

ETF is short for exchange traded fund. Exchange traded funds are sort of like stocks except they don’t represent a share in any company, instead an etf tracks the price of an asset.

See Why the SEC Approved the Bitcoin Futures ETF

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Bobby Anyadike

Bobby is a media personality and academy lead at Earnathon. He is passionate about cryptocurrency and the blockchain technology, as well as the value it drives in the present global economy. He is a freelance writer, actor and voice over artist. He enjoys cooking, singing and networking.