Cryptocurrency Q&A
What is a Bitcoin reference price ETF (bith11)?
What is a Bitcoin reference price ETF (bith11)?
Martina
Tue Jul 09 2024
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6 answers
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Could you elaborate on what a Bitcoin reference price ETF, commonly known as bith11, entails? I'm particularly interested in understanding its purpose, functionality, and how it differs from traditional ETFs. Specifically, I'd like to know if it tracks the actual price of Bitcoin or uses a derivative instrument. Additionally, are there any specific risks associated with investing in a Bitcoin reference price ETF, and how does it perform compared to other Bitcoin-related investment vehicles? Thank you for clarifying the nuances of this particular financial product.
6 answers
KDramaCharm
Thu Jul 11 2024
The Nasdaq Bitcoin Reference Price Settlement Index is a robust mechanism that aggregates pricing data from various cryptocurrency exchanges to provide a comprehensive and accurate representation of Bitcoin's current market price.
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CryptoVeteran
Thu Jul 11 2024
Parallel to the BITH11, Hashdex has also introduced the Hashdex Nasdaq Ether Reference Price ETF (ETHE11). This ETF mirrors the price movements of Ether, the native currency of the Ethereum network.
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HanRiverWave
Thu Jul 11 2024
Similarly, the ETHE11 utilizes the Nasdaq Ether Reference Price Settlement Index (NQETHS) as its underlying benchmark. This index draws pricing information from multiple reliable sources to ensure the ETF accurately reflects Ether's market value.
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Stefano
Thu Jul 11 2024
Hashdex, a prominent digital asset firm, has launched two novel exchange-traded funds (ETFs) tailored to track the prices of two leading cryptocurrencies.
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KimonoGlitter
Thu Jul 11 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a wide array of services catering to the needs of digital asset investors. Among these services are spot trading, futures contracts, and secure digital wallets.
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