Those who undergo technical training in order to be able to play in the crypto world will win in the long term
(Photo: Reuters)
Frankfurt The Bitcoin Futures ETF, which will be traded for the first time in the USA this week, provides a foretaste of the future: With crypto products that can be traded on conventional exchanges, it is becoming ever easier for investors to invest in crypto currencies – without deal with the technology behind it. That would make more sense in the long term.
So-called ETPs in the crypto sector, i.e. exchange-traded products that, for example, show the price of Bitcoin, Ether or Litecoin, have been tradable at established financial centers in Germany for some time. The providers promise investors to reap profits on the crypto market – only without the effort that diving into the crypto world usually requires. Of course, that costs money: it is not uncommon for the fees to be well over two percent.
Sure, a lot of work is relieved of the investors’ work: How do I keep my access data safe? Who pays if my codes are stolen? And anyway: hot or cold wallet? All of these decisions are suddenly outsourced.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further