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Lewis Braham: Investing In Cryptocurrency Is Risky. This Fund Is Just A Bad Idea: (ETHE) - (GBTC)

TedTed
edited August 2019 in The Bullpen
FYI: The exchange-traded fund has made it easier for investors to buy and sell a multitude of illiquid assets. Sometimes, that’s a problem.

ETF investors are well-served by products like the SPDR Gold Trust (ticker: GLD) and iShares Gold Trust (IAU), which enable them to own the hard asset in an ETF, for instance. The crypto world, however, hasn’t proved to be nearly as sound.

Take the Grayscale Ethereum Trust (ETHE), launched on June 20. Its shares hit a peak of $526 on June 21, but in the two months since then have fallen 92%, to less than $40.

Etherium is not easy to explain, but let’s call it a programmable blockchain and a cryptocurrency.
Regards,
Ted
https://www.barrons.com/articles/investing-in-cryptocurrency-is-risky-this-fund-is-just-a-bad-idea-51566600732?mod=past_editions

M* Snapshot ETHE:
https://www.morningstar.com/etfs/pinx/ethe/quote

M* Snapshot GBTC:
https://www.morningstar.com/etfs/pinx/gbtc/quote
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