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Understanding Bitcoin ETFs and Their Functions

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Since its inception in 2007, Bitcoin and the entire digital currency market have come a long way. About 10 years back, crypto technology was only utilized by a small number of people; Bitcoin’s worth was practically non-existent, with 10,000 Bitcoins being exchanged for $50 worth of pizzas.

Today, numerous businesses have been established because of cryptocurrency. On digital currency exchanges, you can buy litecoin. DeFi is integrating the world of conventional finance with crypto, and NFTs serve as a worthy disruption of the art market.

Furthermore, traditional financial institutions are starting to embrace cryptocurrency better. The Fortune 500 company, Tesla, owns a large amount of Bitcoin, and asset management companies are beginning to diversify into cryptocurrency.

Nevertheless, some still say Bitcoin and other cryptocurrencies aren’t still major players in finance. One of the things that the wider finance space is waiting for is for Bitcoin ETFs to get established.

What are Bitcoin ETFs?

The term ”ETF” stands for Exchange-Traded Fund, and it exists in the conventional finance market. An ETF tracks the value of a financial instrument like gold, stocks, or even an entire market. If a Bitcoin ETF were established, it would also track the price of Bitcoin.

ETFs are used by investors who do not want to hold the asset on crypto exchanges for a variety of reasons but still intend to benefit from the price movement of the asset. The fact remains that as a retail trader, how you trade is different from that of institutions.

If a Bitcoin ETF can get established, there would be mass adoption from the traditional financial space. A Bitcoin ETF could also track the price of other crypto assets like Ethereum to diversify risk.

Why Bitcoin ETFs Are Crucial to the Crypto Market

Financial security like Bitcoin isn’t convenient for some classes of investors to own. A large organization with millions of daily transactions would find it difficult to manage digital currency. For instance, a firm like JP Morgan Chase can’t just buy a hardware wallet to begin making transactions with it.

You need to realize that big financial firms don’t trade the same way as individual traders do. To even begin to delve into the cryptocurrency space, big finance firms need to go through a higher level of regulation.

A Bitcoin ETF is similar to meeting these big firms in their comfort zones. Once a Bitcoin ETF is  created, there’d be interest from hedge funds and other top financial institutions. This way, they can experience the benefits of engaging in the cryptocurrency market without owning any digital currencies.

Bitcoin ETFs don’t need to be limited to holding Bitcoins alone. Theoretically, a Bitcoin ETF can invest in various cryptocurrencies like Ethereum, Litecoin, and even instruments in the stock and commodity markets. This style of spreading your assets over a range of financial assets provides investors with the advantages associated with asset diversification.

The Future of Bitcoin ETFs

Typically, when people refer to Bitcoin ETFs, they focus on the American market. After all, the US sets the trends for many other markets to follow as it’s the biggest market.

There are already Bitcoin ETFs existing in other countries like Canada. The SEC has already accepted the application of a Bitcoin ETF to get listed on the New York Stock Exchange (NYSE). Investors are waiting to see if other Bitcoin ETF applications get accepted to drive the general cryptocurrency market capitalization.

Suppose you’re attracted to investing in a Bitcoin ETF rather than in Bitcoin. In that case, it must be noted that both come with their associated advantages. If you intend to participate in the financial markets to remove inflationary pressure off your fiat currency, it would be best to simply buy Bitcoin.

Some investors prefer having their bitcoin in a wallet to use as they deem fit. There are also various ways you can invest your crypto, like yield farming.

Conclusion

Bitcoin ETFs have been the center of discussion for participants in the financial markets. Several traders believe that establishing Bitcoin ETFs will usher institutional money into the sector.

Bitcoin ETFs can also decide to track other financial assets apart from Bitcoin. Although a few Bitcoin ETF applications have been accepted, investors are looking for increased creations of Bitcoin ETFs.

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N1 Partners X-Mas Giveaway: The Ultimate Reward for High-Achieving Affiliates!

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N1 Partners X-Mas Giveaway: The Ultimate Reward for High-Achieving Affiliates!
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N1 Partners is bringing excitement this holiday season with the X-Mas Giveaway! High-achieving affiliates can get rewarded with exclusive prizes, including a dream trip to the Maldives, premium gifts, and more. Join the giveaway and celebrate your success with us!

This December, N1 Partners is launching the X-Mas Giveaway to reward our valued partners. This giveaway offers prizes for our high-achieving partners.

From December 1 to December 31, all registered partners who generate 50+ FTDs within December enter the draw to win one of five AirPods Max. But that’s not all—participants with the top three deposit sums get rewarded with premium prizes:

  • 1st Place: A luxurious trip for two to the Maldives
  • 2nd Place: An exclusive Louis Vuitton Travel Kit
  • 3rd Place: An iPad Pro 13″ (1TB)

N1 Partners is committed to creating opportunities for all partners to succeed. New partners are invited to join our network to become eligible for this giveaway. Sign up here and get started today.

“At N1 Partners, we are always striving to surprise and delight our affiliates. We don’t view each affiliate as just another account, but as a valued partner with whom we build long-lasting business relationships. Promotions like these give our partners the opportunity to see that firsthand and earn well-deserved rewards for their achievements.” — Alexa Bond, Head of Affiliates, N1 Partners

For full terms, visit our website. Winners will be announced in early January 2025.

This holiday season, let N1 Partners be your gateway to exciting rewards and opportunities!

 

About N1 Partners

N1 Partners is a company with expertise in online entertainment. Today, N1 Partners unites over ten high-converting online casinos, betting brands, and the N1 Partners affiliate program.

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Latest News

GR8 Tech Announces Leadership Changes for 2025

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GR8 Tech Announces Leadership Changes for 2025
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GR8 Tech will see a leadership transition on January 1, 2025, as Oleksandr Feshchenko, currently the Deputy CEO and CRO, will take over as the new CEO. Sergey Ghazaryan, formerly the Head of the Casino Business Unit, takes over as the CRO from December 1 of the current year. In the meantime, Evgen Belousov will be stepping away from GR8 Tech.

During his two-year tenure, Evgen Belousov has established GR8 Tech as a trusted provider of high-performance iGaming solutions. Over the past year alone, GR8 Tech achieved remarkable growth, expanding its client base eightfold and significantly increasing revenue.

GR8 Tech’s solutions support over 25 newly launched clients and nearly 50 live operator brands. The company’s continued success stems from its unique strategy of providing tailored, geo-specific solutions that directly address market demands. Unlike other platforms that offer one-size-fits-all approaches, GR8 Tech focuses on customizing its features specifically to meet the needs of each region and client.

Reflecting on his time as CEO, Belousov shared: “Leading GR8 Tech has been nothing short of transformative. We’ve redefined what success looks like in our industry, achieving remarkable milestones in only two years’ time. We’ve laid down a strong foundation, and now, it’s time for a bold new chapter. With our high-performance platform and a vision to dominate as the world’s #1 sportsbook-driven solution, I’m confident the new leadership will amplify this momentum and take GR8 Tech to unprecedented heights.” As Belousov shifts to being an independent iGaming advisor, he plans to focus on the strategic development of B2B iGaming projects.

The leadership transition aligns with the company’s two-year anniversary in January 2025 – a milestone GR8 Tech plans to celebrate with exciting future announcements.

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Revenant XSpark Partners With iQOO In Landmark Esports Deal

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Revenant XSpark, one of India’s leading Esports organization is excited to announce a ground-breaking partnership with iQOO, the high-performance smartphone brand. Leveraging the growing appeal of Esports, Revenant XSparks & iQOO have partnered together, with iQOO securing the naming rights for India’s top-performing Battlegrounds Mobile India (BGMI) roster under the Revenant XSpark brand. The team will now compete under the name iQOO RNTX, marking a significant milestone in the evolution of Indian esports. This collaboration stands as one of the biggest deals in Indian Esports history.

A collaboration between Revenant Esports and Team XSpark; The vision & goal behind the creation of ‘Revenant XSpark’ was to redefine the Esports landscape in India and neighbouring regions.

Having been unveiled at the recent collaboration, Revenant XSpark’s (BGMI) roster competes across regional and international competitions. With an unmatched track record of securing two back-to-back titles at major Krafton events, the team is led by coach Osmium as one of the premier teams in the country. Dominating competition across the board, the team of Sarang (Sarangajyoti Deka), Spraygod (Harsh Malik), Joker (Khush Singh), and Shadow (Tenzin Kelsang), have been able to carve a name for themselves in the Esports landscape as a force to be reckoned with in both global and local platforms.

Champions at the BGMI Pro Series and BGMI India Series, the team already has a firm foothold in the India market and is aiming to build and expand its narrative globally. Alongside iQOO’s innovation driven mindset, the collaboration will leverage expertise from both sides for mutual beneficial outcomes.

Rohit Jagasia, Founder and CEO of Revenant Esports, said, “We’re incredibly proud to announce our groundbreaking partnership with iQOO. This is a monumental moment for Indian Esports – marking one of the largest deals in the industry. iQOO’s commitment to innovation aligns perfectly with our vision at Revenant XSpark. By joining forces, we’re creating a powerful synergy that will elevate the Indian Esports scene to new heights. Together, we aim to redefine the landscape of competitive gaming and inspire the next generation of gamers.”

Nipun Marya, CEO, iQOO said, “We’re thrilled to be part of this moment in Indian esports. Partnering with Revenant XSpark goes beyond supporting an exceptional team it’s an investment in the future of competitive gaming. Together, we aim to inspire the next generation of gamers, drive meaningful innovation, and shape the future of esports in India. This collaboration is a step towards achieving long-term synergies that align with our broader vision to elevate the gaming experience.”

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