HELLO HIVE

Bitcoin Exchange-traded funds(ETFS) will be launched in July which is this month precisely after a 12- month wait after going through different administrative process on the best time it should be launched and how it should affect the crypto society.

Then we ask the question, should we excited about this new development well I will make so point to give us a little insight on what I think this is all about and how it affects us as traders and then we can make our position on this known .

First what is ETFS , this is a fund that you as an investor in crypto can use to track the behavior or the price of other crypto assets it actually behaves like the traditional stock market.

What does it bring to the table (benefits and setback's)

They are easy to trade ,more accessible for retail traders like us ,low cost traders can also carry out their investment at a lower cost and there are tax benefits for investors when it comes to ETFS .

After listing out all the benefits you sure are waiting for it's disadvantages,well there is one notable risk in it and it is common and that's the market risk that's another topic for another day .

Whether this new development affects the current market will be a something to keenly monitor.

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