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First Bitcoin-linked ETF Starts Buying And Selling On The New York Stock Exchange

«BITO will open up exposure to Bitcoin to a big section of buyers who have a brokerage account and are comfy buying stocks and ETFs, however don’t need to go through the hassle and learning curve of establishing another account with a cryptocurrency provider,» ProShares CEO Michael L. Sapir mentioned in a press release on Monday.

Getting began is as minimally difficult as establishing a Paypal account. With Coinbase, for instance, you should utilize your bank (or Paypal account) to make a deposit into a virtual wallet, of which there are lots of to choose from. Once your account is funded, which usually takes just a few days, you can then change traditional currency for magento crypto plugin bitcoin.

This provides us the notion that LTC has much more use cases than BTC, who has change into the industry’s important store of value. This places LTC in a better position to realize mass adoption. With developers who’re extra open to technological advancements in blockchain technology, we are able to see LTC technology advancing more rapidly than Bitcoin.

1 year ago