Upstream, a MERJ Exchange stock market and global trading app, is providing an overview of exchange-traded funds (“ETF”) in its latest article; the article also explains what the innovative app aims to do for the ETF market. The article notes that this year “has seen a surge” in launches and regulatory approvals of ETFs for cryptocurrencies, with the first-ever U.S.-listed crypto ETF approved by the U.S. Securities and Exchange Commission (“SEC”) in January. Since then, 11 applications have been approved by the SEC, and in April, Hong Kong became the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices when it launched six spot Bitcoin and Ether exchange-traded funds. Earlier this month, the Australian Stock Exchange announced its inaugural spot Bitcoin ETF. The article also observed that the approval of Ether ETFs “was met with positive reactions, unsurprising given the industry’s view of Bitcoin ETFs as a major turning point for cryptocurrency and blockchain as a whole.” While Upstream is not a cryptocurrency market and does not allow account funding via Bitcoin, Ether or crypto trading, the app is actively accepting applications for both Ether and Bitcoin ETFs to list. “Just as Upstream works to make it easier for international investors to access U.S. and international equities, we are now working to bring ETFs to the masses as well,” the article stated. “This growth in crypto ETFs is highlighting the demand for investors to gain exposure to cryptocurrency, and our goal is to make them more accessible globally. . . . These industry milestones are significant to us as an Ethereum-powered market, and we look forward to meeting the demand from global investors who want to invest in spot Bitcoin and Ether ETFs from a streamlined account without directly holding the cryptocurrency. Upstream seeks to give international investors simplified access to securities from exchanges throughout the globe, much as ether ETFs want to give investors simplified access to cryptocurrency.”
To view the full article, visit https://ibn.fm/IG2ro
About Upstream
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed securities exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency and a member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority, an associate member of the International Association of Securities Commissions (“IOSCO”). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. For more information about the company, visit www.Upstream.Exchange.
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