News : A Big Win for Bitcoin: U.S. Investors are looking big without even ETF

Hi Steemians,

According to Bloomberg, which announced this news, Ryan Radloff, the CEO of CoinShares (Holdings) Limited, the company that holds all the shares in the capital of XBT Provider (the issuer of "Bitcoin Tracker One"), explained why this news was significant:

“Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona. Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin.”

Thomas Lee, Fundstrat Global Advisor's Head of Research, took to Twitter to explain why he was excited by this news:

CRYPTO: ⁦@CoinSharesCo⁩ just announced a #BItcoin ETN quoted in USD (ticker: CXBTF). Similar to GBTC, so traditional brokerage account can buy. @coinshares products trade at NAV (we talked about before) so returns virtually identical to #Bitcoin https://t.co/j7NNSuoDgn

— Thomas Lee (@fundstrat) August 15, 2018

Ref : https://www.cryptoglobe.com/latest/2018/08/a-big-win-for-bitcoin-u-s-investors-tired-of-waiting-for-a-bitcoin-etf-now-have-easy-access-to-something-almost-as-good/

Cheers