@Finki, help me out as I am dense as a post and cannot recall which was the final gate of US ETFs in UK/EU markets; is it KIID, UCITS compliance, or both?
I hate bitcoin, but the above ETF has me stroking my chin. Don’t like the charges, but I hate the process of withdrawing bitcoin even more!
I’m not getting my hopes up but these guys have a KIID but I think we’re scuppered as I can’t find any evidence of UCITS compliance, which makes me think it’s not there (the ticker also feels like a bit of a giveaway!)… can you help?
Cheers
JOE.
PS. I’m surprised I’m the first to post about this. Expect this to be the new ARKK request everyone… apologies in advance!
My problem is my lack of savvy with it! Don’t get the tech of it at all - wallets, withdrawing and how that works… doesn’t feel like a smooth process at all. Hurts my head.
Hopefully by the time it replaces normal currency it’ll be a lot simpler to move.
Where is the KID for that GBTC? I scanned the website for 30 seconds and didn’t see it.
I know almost zero about bitcoin but I thought the “problems” you described were magically circumvented a few months ago when HANetf lauched their BTC offer…
Re: What stops them coming into Europe - it’s the lack of KID/KIIDs. Technically KIIDs are required by MiFID. KIDs are required by PRIIPs. UCITs compliant funds will sit in both camps. Confused? Yeah. The rest of the world too. Then to confuse even more - NURS (non-UCITS funds) also produce KIIDs.
That’s the first time I have seen a US asset create a KID. Super weird. I mean it looks legit… but producing a singular KID is not the end of their responsibilities… so I have to say I fear for your chances of getting this on T212. For 1 it’s OTC which is somewhat more problematic for some providers to access. It is an IT though not an ETF. I dunno. Some brokers also insist on an EMT and a method of receiving this data on a frequent basis. But I’m stumped on this one. I’d still say why bother when you can buy the HANetf version easier?? But, as I said, I know nothing on BTC so can’t say whether or not they are comparable.