58% of American investors would prefer to invest money in Bitcoin through an exchange-traded fund (ETF), these are the results of an official survey, writes Newsbtc .
The study, which was conducted by the Bitcover Asset Management cryptocurrency hedge fund from San Francisco, involved 150 US financial consultants. When they were asked what would make them place Bitcoin in their client portfolios, 54% of them answered “regulation”, and 35% answered “launch Bitcoin-ETF ”.
In 2018, the value of Bitcoin fell by three quarters, retail investors, who supported the growth of digital currency, partially left the market.
Meanwhile, in 2018, professional investors began to close the gap between cryptocurrency and traditional finance. This was probably done for the following reasons:
- CBOE and CME launched the world's first bitcoin futures ;
- Fidelity was the first Wall Street company to offer cryptocurrency storage and digital asset trading services;
- The foundation of prestigious American universities, including Harvard and Yale, included cryptocurrency in their funds;
- Supported ICE Bakkt announced the launch of the first regulated bitcoin futures;
- Nasdaq announced that it will launch Bitcoin Futures 2.0 in early 2019.
Financial cryptoexperts predict that the influx of institutions can change the future course of Bitcoin, their entry into the market will be a powerful signal for other investors.
“The point is that an ETF is a clear design that is compatible with existing software platforms, documents, processes and workflows that professional investors and companies use, ” wrote Pompé Pompiano in the Anthony “Pomp” mailing list.
No one is going to reinvent the wheel to get access to bitcoin. It should be easy. ”
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