Bitcoin ETFs: What Bitcoin usaa Ahead in 2018? It seems that cryptocurrency bitcoin doesn’t know where to stop. Its record run in the last one year corroborates this statement.

Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! It hit several all-time highs this year, despite caution by several central banks. Dec 10, and resulted in re-filings of futures-based bitcoin ETFs. Investors should note that bitcoins are ‘mined’ by using a greater amount of computer processing power.

However, since there is a fixed number of bitcoins, when the limit is reached, it becomes hard to ‘mine’ for the coins. What Lies Ahead in 2018? And unless the true value is known, it is not possible to say if an asset is overvalued or undervalued at the current level. However, we can definitely highlight the possible deterrents and boosters for bitcoins, going into 2018. Cboe Futures Exchange, hopes are high in the space. The introduction of bitcoin futures will result in more liquidity and legitimacy in cryptocurrency trading. Since investors will now have a regulated way to buy and trade into the digital currency market, investors will throng this space.

In the meantime, First Trust is planning for a bitcoin futures ETF and filed it on Dec 11, to cash in on the euphoria. Bitcoin Soars, Will Futures Pave the Way For ETFs? Understandably, the first bitcoin ETF is expected to be around the corner. Eric Balchunas of Bloomberg noted that the first bitcoin ETF would become a billion-dollar product soon after the launch. 5 trillion by the end of 2018. An article published on thesteet. This is because there are Ethereum, Litecoin, Dash and IOTA, apart from bitcoin.

In fact, an Ether ETF, which will store ether, is waiting for SEC approval. So, to evade extreme overvaluation concerns, some investors may prefer another cryptocurrency over bitcoin. In any case, the SEC has so far appeared pretty strict in giving a nod to such products. And last but not the least, many analysts are warning about a bitcoin bubble. As of now, the bitcoin mania is here to stay.

40,000 in 2018 based on its convenience and further adoption as a means of payment and capital preservation. Bitcoin’s un-correlated nature to the other asset classes and strong momentum may hurt GLD. Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

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