Although, there are other well recognize 'Alternative ETFs' relative to Bitcoin futures, as the cost to trade with CME is quite expensive compared with the CBOE when it comes to buying in even at the current prices.
However, preparing for the timing before the turning point could not have been better from the shared Brief on 'Digital Asset' portfolio & analysis dated June 24, 2018 when #BTCUSD below 5900, #GBTC #ETF was below 9.00 and the newly launched 'Diversified Digital Large Cap Fund' #DLCF was priced at 5.83.
These are actually bargain prices where the obvious institutional investors have taken advantage of. It pays to do 'Due Diligence' before the rally and realizes that prices have gone higher after the fact price update as of week ending July 27, 2018.
Current prices as of week ending July 27, 2018 are as follows: #BTCUSD at 8188 with a high at 8506, #GBTC at 11.96 with a high at 12.36 and #DLCF or #DAH / share at 6.52 with a high at 6.71 respectively.
VALIDATION on Market & Price CALL Period coverage 1 month in the making
Before the Fact:
Planning for the Next Turn as of June 22-24, 2018
TSOT - Brief Structure of a Digital Currency Portfolio
TSOT - Brief Structure of a Digital Currency Portfolio
After the Fact:
Once US based Bitcoin ETFs would be approved this would eventually lead to more applications. It must be understood that in due time the Crypto currency's maturity in the industry and the manner of which exchanges manage and oversee the probability of price manipulation issues would start rolling in. And everyone in the space would simply want a piece of the action.
ReplyDeleteWhile other blockchain participants focus on their respective niche application on 'Bitcoins Eventual Adaptation' in every possible sector of industry, the need to better improve & put all these in motion to market it through ICOs still have to quite some distance to materialize.
The fact that every investor have their particular reasons for investing and trading digital currency. And what we realize is that these investors are categorize in their respective fields of interest and financial qualifications as to which among these alternative instruments can deliver the best probable rate of return with liquidity in mind other now and not in the long term period.