November 22, 2018
that's the day SIX listed a crypto ETP open to private investors. the "first bitcoin ETF" in Switzerland is late to the party on access
what FINMA approved on October 20 is a different box: a retail fund that holds bitcoin directly
an ETP is the issuer's debt, not segregated. a fund's assets are segregated. that's the whole upgrade. it matters the day an issuer goes under
one coin normally breaks the diversification rules. FINMA let it slide because bitcoin has the trading history and the volume. good luck getting that for an altcoin fund)
no fund name, no issuer, no launch date yet. for $BTC
holders it changes the legal box, not the coin
I don't hold BTC right now. I hold BNB and add to it daily on DCA. this one's homework, not a trade
#SwitzerlandApprovesFirstBitcoinETF #Finman
that's the day SIX listed a crypto ETP open to private investors. the "first bitcoin ETF" in Switzerland is late to the party on access
what FINMA approved on October 20 is a different box: a retail fund that holds bitcoin directly
an ETP is the issuer's debt, not segregated. a fund's assets are segregated. that's the whole upgrade. it matters the day an issuer goes under
one coin normally breaks the diversification rules. FINMA let it slide because bitcoin has the trading history and the volume. good luck getting that for an altcoin fund)
no fund name, no issuer, no launch date yet. for $BTC
holders it changes the legal box, not the coin
I don't hold BTC right now. I hold BNB and add to it daily on DCA. this one's homework, not a trade
#SwitzerlandApprovesFirstBitcoinETF #Finman