Re:Bitcoin Is More Expensive to Keep Safe Than Gold
by matt4077 on Thursday November 23, 2017 @09:54AM
(#15765388)
> since there's little competition so far,
The competition is simply buying bitcoin, which isn't possible to do for the S&P 500 without investing a few million and constantly incurring fees to adjust to its shifting composition.
The safe store is the only reason to buy this bitcoin ETF. Contrary to common myths, no investors, institutional or not, are constrained by regulations not to buy bitcoin directly.
The competition is simply buying bitcoin, which isn't possible to do for the S&P 500 without investing a few million and constantly incurring fees to adjust to its shifting composition.
The safe store is the only reason to buy this bitcoin ETF. Contrary to common myths, no investors, institutional or not, are constrained by regulations not to buy bitcoin directly.