I have been wondering for a while what would a BTC ETF mean for Iconomi? (not talking price speculation)
Let's say for the sake of argument the SEC will approve an ETF. Are there any opportunities or possibilities for Iconomi? Or will Iconomi become redundant?
BREAKING DOWN 'Exchange-Traded Fund (ETF)'
An ETF is a type of fund that owns the underlying assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. The actual investment vehicle structure (such as a corporation or investment trust) will vary by country, and within one country there can be multiple structures that co-exist. Shareholders do not directly own or have any direct claim to the underlying investments in the fund; rather they indirectly own these assets.
ETF shareholders are entitled to a proportion of the profits, such as earned interest or dividends paid, and they may get a residual value in case the fund is liquidated. The ownership of the fund can easily be bought, sold or transferred in much the same way as shares of stock, since ETF shares are traded on public stock exchanges.
https://www.investopedia.com/terms/e/etf.asp