CME Exec: Bitcoin ETFs Signal Digital Asset Market Maturity
CME Group's executive director and digitization lead has called the increasing number of planned bitcoin exchange-traded funds (ETFs) a sign that the market for blockchain-based digital assets is maturing. At the Tech Talk 5.0 conference in London this week, CME's Sandra Ro spoke broadly about the progress being made by the derivatives marketplace provider in exploring the blockchain industry, reviewing the company's new bitcoin benchmark and speaking in-depth how the group looks at the future of blockchain more broadly. In response to audience questions, Ro notably said she believes the....
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A cryptocurrency exchange-traded fund (ETF) tracks the price of one or multiple digital tokens and consists of numerous cryptocurrencies. Exchange-traded funds (ETFs) have grown in popularity as a means of investing since the mid-1990s due to their intraday liquidity and low transaction costs. In general, ETFs track a specific index and are generally traded on exchanges. In a securities market, ETFs allow investors to trade their shares continuously throughout the trading day, unlike mutual funds, which only permit investors to purchase or redeem shares at the close of the trading day.In....