Skip to content
  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About
  • MachinaAI

    Login
    • Home
    • News
    • Dashboard
      My Dashboard Equity Dashboard Analyst Dashboard Large Companies Portfolio
    • Smart Reports

Simplify financial decision-making

Machinary offers a modular and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

 

Register now and get free Credits

Sign up

Know the Market. Stay Ahead.

Market Insights & Analytics.

Gain access to a comprehensive retail platform with real-time updates on the stock market and critical financial metrics. Leverage advanced tools for better decision-making:

  • Overview of stock market data:Stay updated with the latest market trends and performance.
  • Monitor AI-based predictions:Access detailed company analytics.
  • Sentiment Analysis:Understand market emotions with AI-driven sentiment insights.
  • Relevance Score:Prioritize information that matters most.
  • Chatbot Integration:Get instant answers and insights through smart AI.
  • Customizable Widgets:Add or remove widgets to tailor your dashboard.
Sign up for early access

Stay Informed. Act Strategically.

Real-Time News Portal.

Unlock actionable insights with categorized, real-time news updates tailored to your needs. Stay ahead in the market with a reliable flow of information:

  • People:Explore updates about key influencers and market leaders.
  • Public Companies:Stay informed on listed corporations and their market activities.
  • Non-Public Companies:Gain insights into the operations of private enterprises.
  • Countries:Understand regional economic shifts and geopolitical trends.
  • Commodities:Monitor pricing and trends for critical commodities like oil, gold, and more.
  • Currencies:Keep track of currency fluctuations and forex market developments.
Sign up for early access

Modular Power. Limitless Potential.

Machinary empowered by MachinaCore

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Reaching new heights together.

Stay tuned for what’s coming next.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Sign up for early access

Explore tailored enterprise solutions - that make an impact.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Get in touch

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

  • Home
  • News
  • Dashboard
  • About us
  • Contact

Address

  • MachinaLabs AG
  • Viaduktstrasse 42
  • 4051 Basel
  • Switzerland

  • info@machinalabs.net
  • machinalabs.net

Newsletter

Subscription successful!

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Predefined Themes

Layout settings

Choose the font family that fits your app.

Choose the gray shade for your app.

Choose the border radius factor for your app.

Save settings

Welcome to Machina, a platform to connect with the social world

Forgot Password?

Don't have an account?Sign Up

Welcome to Machina, a platform to connect with the social world

Already have an account?Login

  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About

Concerns Raised Over Backing of Potential Bitcoin ETFs

  1. Home
  2. Bobs-News Categories Cryptocurrency Market Analysis
  3. Concerns Raised Over Backing of Potential Bitcoin ETFs
  • bob
  • 2023-12-30
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Investment Insights
  • World

Amid the excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in January 2024, concerns have been raised about the issue of backing. Some analysts worry that ETFs could take people away from self-custody and potentially result in unbacked Bitcoin.

These concerns have sparked a debate within the community, with some dismissing them as fear, uncertainty, and doubt (FUD), while others question how investors can ensure that ETF issuers actually hold Bitcoin for their clients. Some observers suggest that publishing actual on-chain addresses in addition to BTC holdings reports would provide greater transparency.

However, David Gerard, author of “Attack of the 50 Foot Blockchain,” believes it is unlikely that ETF administrators would create unbacked BTC equivalents or misrepresent their backing assets. He argues that regulated finance by well-known entities does not pose a realistic threat of unbacked ETF shares.

Eric Balchunas, a Bloomberg ETF analyst, compares spot Bitcoin ETFs to gold ETFs, stating that a spot BTC ETF would operate similarly. He emphasizes that asset managers are highly regulated and would not risk legal trouble or negative publicity by not holding the Bitcoin they claim to have. Balchunas also notes that companies like BlackRock or Grayscale are vulnerable to Bitcoin volatility and have a vested interest in holding the cryptocurrency.

While some industry observers are confident that ETF providers would not misrepresent their BTC holdings in the cash-create model, others remain skeptical. They argue that the only way to be certain of no paper Bitcoin claims would be if ETF shares were redeemable for actual Bitcoin, which is not the case with the proposed cash in, cash out ETFs.

In conclusion, the potential approval of a spot Bitcoin ETF has generated excitement and concerns within the industry. While some believe that ETF issuers would act in good faith and hold the Bitcoin they claim to have, others question the lack of redeemability for actual Bitcoin in the proposed ETFs.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment neutral
Relevance Score 1
People David Gerard, Sam Bankman-Fried, Eric Balchunas, Satoshi Nakamoto, Josef Tětek
Companies Grayscale, State Street, BlackRock
Currencies Bitcoin
Securities None

Leave a Reply Cancel reply

You must be logged in to post a comment.



 MachinaTrader

A new era of trading and data analytics

Everything in one place. Highly reliable, ultra-scalable and blazingly fast!

Related Links

News Blog
Forums
FAQ
About
Privacy Policy (DSGVO/GDPR)

Our Partners
sygnal logo 40
bullishtimes logo white
© 2023 MachinaLabs AG. All Rights Reserved.
People Who like this post
  • img
img