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The bitcoin (BTC) buzz is on the rise, institutional investors and portfolio managers are starting to look at the major cryptocurrency as a “serious spot” for investment, according to Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer. c.
In an interview with Cointelegraph at the hour of Bitcoin 2023, a share of discussions about advanced regulation of cryptocurrency trading in Canada and about how it attracts investors to the digital asset market.
Behind Pai’s words, fund managers and institutional investors, ostensibly diversifying portfolio assets, joke about alternative investment strategies in the minds of global inflation and macroeconomic issues.
“FOMO is known in bitcoins. Everything went to SHІ [штучного інтелекту]. So now set up that trustworthy portfolio managers, the people who claim to diversify portfolios, now start marveling at the bitcoin xerious space.”
It’s not enough to go about maximizing the profit, even Pai. For institutional investors, the decline of cryptocurrencies will be a growing trend in the next few years. “The theme of the upcoming 2024 rock is insanely upbeat vikoristannya. Otzhe, we have this miracle technology, and now let’s launch this miracle technology, ”saying the wine.
Regulatory issues for institutional investment are being explored for some time now, but Canada, the zocrema, has taken the initiative to launch crypto-currency ETFs in Pivnichniy America, guarding the US Commission on Prices of Papers and Exchanges for crypto-currency space y.
Behind the topic: Cryptocurrency sales are growing rapidly, but not in the US and Europe – Bitcoin Builders 2023
ETF is introduced to an exchange-traded fund, which is a portfolio of assets, shares of which are traded on the stock market. The stench will increase your characteristics and potential advantages of joint funds, shares and bonds.
For the rest of the year, Canadian regulators praised a decade of cryptocurrency ETFs, including Bitcoin and Ether (ETH) products like 3iQ, Purpose Investments and Evolve Funds Group, having earned millions of dollars from their cryptocurrency products.
“There was no way they set it up wrong,” Pye said of Canada’s varying regulation of digital asset ETFs, adding that “there is no difference in the governance of Bitcoin ETFs and gold ETFs. However, we can see the price of bitcoin. These are low commissions. […] We can encrypt, sounds like bitcoin, then we can buy only pure bitcoin. I think that these are all the characteristics that praise people.
The rest of Canada’s initiative for digital assets is based on public consultations about a digital currency for the central bank (CBDC), if there is a penny-credit management, as functions of the population of the country want to be included in the potential digital Canadian dollar. Please note that the results of the Canadian consultations will be published later that year.
