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Taking Bitcoin To The Stockmarket Won’T Do Much For Its Risky Image, Adrian Lee, Andrew B. Ainsworth, Kihoon Hong
Taking Bitcoin To The Stockmarket Won’T Do Much For Its Risky Image, Adrian Lee, Andrew B. Ainsworth, Kihoon Hong
Faculty of Business - Papers (Archive)
Since its inception in 2008 digital currency Bitcoin has attracted critics who argue it’s inherently risky. The latest push to create an exchange traded fund (ETF) in order to make trading it easier, suggests attitudes to it haven’t changed. But some risks associated with a Bitcoin ETF is just like any other asset that becomes tied to investors and the stockmarket. The US Securities and Exchange Commission (SEC) has already rejected an application to create an ETF for Bitcoin. But there are two other proposals - (SolidX & Grayscale) still before the commission. Bitcoin is intended to act like currency …