Wiener on CNBC: Believe in Blockchain, Not Bitcoin
Chairman Dan Wiener appeared on CNBC to discuss the latest bitcoin ETFA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index. to be rejected by regulators. He explained that he sees bitcoin and other cryptocurrency as valid manifestations of blockchain technology, but there are many other convenient ways to move money around without the need to hide your identity.