United States v. Crypto ETFs: A Lingering Struggle For Mass Adoption
Cointelegraph
Published Jun 08, 2018 09:13PM ET
Updated Jun 08, 2018 10:22PM ET
United States v. Crypto ETFs: A Lingering Struggle For Mass Adoption
Huobi, a Singapore-based trading platform currently ranking among the world’s top three cryptocurrency exchanges, has made headlines on June 1 as it unveiled an exchange-traded fund (ETF) that tracks an index of top ten crypto assets against Tether, a digital currency tied to the US dollar.
While an impressive feat that will undoubtedly draw even more retail investors into cryptocurrency trading worldwide, on the global scale this is hardly the first instance of a regulated crypto-based derivative being offered to the public. Sweden, which usually serves as a textbook example for getting crypto-based investment funds right, had introduced bitcoin traded products as early as in 2015.
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Written By: Cointelegraph
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