It will commence listing on August 4, 2022, on the NYSE.
Here's what the ETF consists of.
For those that are unfamiliar …
An Exchange Traded Fund (ETF) is a financial asset comprised of many other assets. It's similar to a mutual fund.
In this case, the ETF will consist of crypto-related stocks.
It's a way for people to buy diversified stock in crypto without having to do their own research.
You should still research the stocks in the fund and the fund manager's track record, but it's considered less risky than investing on your own.
We're not speculating on the success of the ETF. But it's important to note major financial movers dabbling in the crypto-verse.
It confirms signs of increased demand and further integration.
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