[Request] The Bitcoin Exchange Traded Crypto (BTCE),

The Bitcoin Exchange Traded Crypto (BTCE), Traded on the Deutsche Borse. A Bitcoin ETF so we can access bitcoins without needing a virtual wallet and all the issues associated with them.

also the main reason this product is a game changer is its the only way Bitcoin can be traded and cleared by central counterparty which vastly reduces counterparty risk. underlying bitcoin and other bitcoin notes dont do this

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Can you explain that a bit more? (For simple folk, who are looking to educate themselves😁)

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check this out. https://www.bankofengland.co.uk/quarterly-bulletin/2013/q2/central-counterparties-what-are-they-why-do-they-matter-and-how-does-the-bank-supervise-them

Since these products are traded by the market markers who are institutional players, it makes absolutely no difference to us the retail investors, there are no counter risk with retail brokers offering products that are not centrally cleared. It’s a marketing stunt, more importantly is are these products traded on a regulated exchange, if yes, then ,they have passed my litmus test , and there are many…

That is not correct, the swiss issuer of bitcoin ETP is alSo listed on Xetra under a CCP model…

No its not it cleared billaterally at counterparty level. also CCP is important for the whole market place not just insto or retail especially ETFs where trading is aggregated by market makers who if they defaulted or went under or their countparties did they would fail to deliver all the aggregated trades.