Europe's first spot
#Bitcoin
ETF listed in Amsterdam today π³π±
Trading under the ticker $BCOIN, investors will pay a 1.5% annual management fee.
Fidelity Digital Assets are the custodians.
@tedtalksmacro
What is your opinion in terms of strategies ETF vs. spot buying? Do you think this kind of fund management teams will need some degen skills to make it profitable compare to user spot buys?
So we all just buy and get super rich of a free trade?
Reality:
- normies buy, pay 1.5% management fee annually
- normies instantly in the red,realizing ETF already priced in
- halving is a non-even the first time
- Crypto ded
- normies sell
- ATH
There are plenty of spot
#bitcoin
ETPs in Europe already. This is slightly misleading and really just a regulatory arbitrage type of technicality to call it the βfirst European spot bitcoin etfβ
@WatcherGuru
No such thing as a "spot Bitcoin ETF" in Europe. Anything that's called an ETF must be diversified.
As far as ETPs go, Europe has spot ETPs (physically backed) for a long time. My team launched one of those physical Bitcoin ETPs.