USA making the ETF out of the crypto has made many people get excited for the money they can make and raise out of the market. And they are applying similar funds in their own stock market. UK wants to have a slice of the pie with the crypto market. And they wish to invest into the ETF but in their own context of the exchange traded notes.
Twitter at this point, there is a lot of buzz of the news. And there would be large movement of the funds. And this also means that there would be growth on the market which would also impact the bitcoin and Ethereum price. I won't be surprised that this year we would not have too down price of the alt coins too. And the price rising based on the type of the crypto would be something we have to watch.
OP, HIVE and few other crypto would go normal but by the mid of the year, things would be getting a bit moving. Expect such type of the funds and the market instruments in any nation in short would be helping the company. I have realized most of such funds would be driving the quarterly price of the crypto. So now we have made the crypto market just another extension of the crypto market.
The notice for the ETN from the London Stock Exchange is listed here.
There is a document that is out which is explaining the initial phase of the exchange traded notes. And it would be interesting to see where the market is going to pump from this point onwards. It is clear that the UK is going to be making some moves on this new. And we have to see things in much better light and invest accordingly. I know things would take a bit of hit on this if the prices are moved even for alt.
