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
Can you explain that a bit more? (For simple folk, who are looking to educate themselves😁)
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.
It would be great to have support for this one, to get BTC exposure through ISA.
I think this seems a great way to gain exposure to crypto. I’d be keen to add some of this to my portfolio in the current economic climate.
However if it’s listed on the German exchange surely Freetrade can’t add it until they are able to add other European markets. Is voting for this just so that it is considered when European markets are added?
Seems like Germany is coming soon: Soon launching in Germany | Stock trading app
The question is: once added, how long until this one is supported?
Are there any products currently on FT that give you exposure to crypto?
No, except for companies that might hold some of their assets in crypto.
BTCE listed on SIX now in USD, CHF & GBP Product Providers ETPs | SIX
can we have this please