The confluence of the crypto world with traditional markets accelerates

Bitcoin was operating in parallel to traditional assets. He was born. Custody gives a wallet where cryptocurrencies are stored (hot storage) or outside the system (cold storage). And the operative is given in very particular scholarships, exchanges, which are exclusively to operate crypto and tokens.But the world of traditional investments and cryptocurrencies is increasingly touched. Just see how Interactive Brokers offers custody and crypto operative services to its customers, but only to US residents (for now).In turn, they operate in the Chicago CME futures scholarship two types of future bitcoins contracts.They can also buy ETFs from a Grayscale Capital fund, listed in stock exchange. They can be purchased as if it were shares the Bitcoins, Ethereum, Bitcoin Cash funds and many other cryptomendas. The ETF that is armed with futures is the BITO.The SEC had already approved a pair of ETF of future Bitcoins in 2021, but it was very severe from there.Many administrators wanted to follow the steps of Grayscale Capital, but had an initial rejection. One of them is BlackRock, the owner of almost everything: it runs assets for over $6,000 million. They have participations in 17,000 companies and are the largest fund administrator in the world. When he leaves for the field, he does it firmly: BlackRock has a record of approval of ETFs from 575 to 1 only rejected.He presented a Bitcoin ETF, but was initially rejected. What is an ETF Bitcoin? An ETF Bitcoin is a stock marketed fund that tracks the price of Bitcoin through futures contracts, which offers the possibility to invest in that cryptocurrency without needing to buy it.After the initial rejection of the launch of an ETF family, the SEC formally accepted on July 13, this year's request for the creation of the iShares Bitcoin Trust, which will be in charge of the emission and custody of BlackRock's ETF spot Bitcoin. The new order is accepted after an agreement between the Nasdaq bag and the Coinbase exchange focused on providing access to data on bitcoin-view operations. This “vigilance” agreement will try to avoid market manipulation and, if there is any irregularity, it can detect and cut.And not alone: the SEC also admitted the review to other administrators such as Fidelity, VanEck and Invesco. These initiatives are an important stimulus to the development of cryptocurrencies and give an answer to the demand of investors who bet on an exposure to the digital currency through the market of values, i.e. traditional scholarships.Because the great fear so far of having crypto was the hack. Investors feel safer in investing in cryptocurrencies when they have a custody of a large and traditional financial institution.In Europe, all traditional financial instruments supported by cryptocurrencies have structured as ETN, rather than funds like ETFs. The main difference between an ETN and an ETF is that the ETFs, unlike the ETN, cannot either appease or use derivatives, which could lead to market manipulation risks. In addition, the ETF shareholder has a part of the underlying assets of the fund, while ETN investors have debt securities. In short, an ETN is similar to an ETF, but has a counterparty risk, since it is issued by a company and figures in its balance sheet as debt.Finally debuted at the end of this year after a long delay the ETF Bitcoin of Jacobi Asset Management, a London-based administrator, who would debut in a Euronext exchange of Amsterdam in July 2022, but it took time to arrive. It is supported by cryptocurrencies centrally compensated with custody supported by Fidelity Digital Assets, an important change in relation to the usual notes quoted in bag (ETN).The confluence of the crypto world with traditional markets accelerates. Let's imagine a world where all traditional investment accounts have at least 1% of Bitcoin, the demand it could generate. The same is true for central banks, which could diversify their international reserves and consider Bitcoin as a more currency. Utopian suena? The way to go is long, but the direction is one.