The Crypto-Gold ETF: What you need to know
Crypto-gold ETF, or crypto-gold, is a new kind of ETF that aims to capture a small portion of the market.
Crypto-money has been on the rise in recent years, with recent announcements of Bitcoin and Ethereum tokens gaining market capitalization, along with other new cryptocurrencies like Ethereum Classic.
As of this writing, the Crypto-Money ETF has more than $5 billion in assets under management, according to a recent CNBC report.
The ETF aims to be a “minimalist” ETF that will focus on only a small subset of the crypto-market.
That means it won’t be trading on exchanges like Cboe or NASDAQ, as those companies do a large part of the trading volume.
Instead, the ETF will focus primarily on buying, selling, and trading bitcoin, ether, and other cryptocurrencies through its own blockchain.
Here’s what you need know about it.
What is it? The Crypto