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Cryptocurrencies: 24715
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Cryptocurrencies: 24715
Markets: 95953
Market Cap: $3,532,043,383,936     
24h Vol: $90,506,682,984
Seeking Alpha 2021-02-10 19:52:54

Elon Musk and Tesla are Bitcoin investors, is this the year for a Bitcoin ETF?

Elon Musk and Tesla are Bitcoin investors, is this the year for a Bitcoin ETF?
What are the chances we can see a U.S. based ETF that is focused around Bitcoin (BTC-USD) in 2021? It’s the question that has been asked over and over and with the news today that Elon Musk, CEO of Tesla (TSLA) has stirred the Bitcoin (BTC-USD) pot, it has resurfaced itself again. Tesla (TSLA) on Monday revealed that it has just recently purchased $1.5 billion of Bitcoin (BTC-USD) and plans to accept it as a form of payment in the future. As if Bitcoin (BTC-USD) is not volatile enough it’s now down -3.75% on the day. So back to the question of if there can be a Bitcoin (BTC-USD) ETF created in 2021? Well in order to answer the reality of that question we first will have to address two major questions. Is there a demand for one and what are the challenges in creating one? Bitcoin (BTC-USD) fans have
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