What to Make of the First Bitcoin Futures ETF Launch

Posted on by American Coins & Gold

What to Make of the First Bitcoin Futures ETF Launch
A bitcoin futures exchange-traded fund (ETF) launched Tuesday morning – and saw strong demand from investors.This indicates some amount of market maturity and acceptance from regulators at the U.S. Securities and Exchange Commission (SEC), but also raises new questions about whether the format of the product is appropriate for investors and when a physical ETF may go live.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThe first bitcoin (futures) ETF in the U.S. began trading today, bookending an eight-year effort to launch a widely…