With over $1.5 trillion in assets and nearly 1,500 products, many thought that the ETF world had run out of original ideas or that it had reached its saturation point. But the beginning of July saw that theory once again shot down, as a filing rolled in for one of the more controversial ETF ideas for quite some time. The Winklevoss twins, famous for their role in creating Facebook , have filed for a bitcoin product and have taken the financial world by storm [for more ETF news and analysis subscribe to our free newsletter]. What Are Bitcoins? To sum it up, a bitcoin is a peer-to-peer digital currency that can be used for anonymous purchases online from a number of sources. People can mine for the open-source currency using their computers to mine for bitcoins by solving complex mathematical equations. Because anyone can mine for the currency and it [...] Click here to read the original article on ETFdb.com. Related Posts: 7 Articles ETF Investors Must Read: 8/9 Daily ETF Roundup: Stocks Close Mixed, IEO And IGV Rise ETF Plays As The End Of QE Nears Daily ETF Roundup: MOO Tumbles After Russian Potash News, VOX Slumps Daily ETF Roundup: BJK Slumps After Wynn Resorts Earnings, XLE Slips
With over $1.5 trillion in assets and nearly 1,500 products, many thought that the ETF world had run out of original ideas or that it had reached its saturation point. But the beginning of July saw that theory once again shot down, as a filing rolled in for one of the more controversial ETF ideas for quite some time. The Winklevoss twins, famous for their role in creating Facebook , have filed for a bitcoin product and have taken the financial world by storm [for more ETF news and analysis subscribe to our free newsletter]. What Are Bitcoins? To sum it up, a bitcoin is a peer-to-peer digital currency that can be used for anonymous purchases online from a number of sources. People can mine for the open-source currency using their computers to mine for bitcoins by solving complex mathematical equations. Because anyone can mine for the currency and it [...]
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