This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)
neokichi
Will ADK become the world’s first ETF among cryptocurrencies? What will happen if it is realized? Let’s think together!
myako
Thank you
neokichi
If you want to know the overall picture of the ADK project, check out the article below!
What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!This article translated what I wrote in japanese into English. Altho...
Contents
What is an ETF?
myako
What is an ETF in the first place?
neokichi
ETF is the Exchange Traded Fund. In other words, it means an investment trust that can be traded on the stock exchange!
myako
What does that mean?
neokichi
The difference between the Investment trust and the ETF, and the cryptocurrency / bitcoin ETF are explained as easily as possible in the article below, so if you want to know from the basics, read this first.
What are cryptocurrency and bitcoin ETF? Explanation of listed investment trust!Cryptocurrency has considerable hurdles to be approved as an ETF for financial products.
However, ADK（Aidos Kuneen） may be the first to be approved beyond this hurdle before Bitcoin.
I would like to focus on future Bitcoin / ADK ETF trends....
What is ADK ETF?
neokichi
ADK ETF can buy ADK ETF on stock exchanges without having to buy ADKs directly on cryptocurrency exchanges and store them in wallets. In other words, even if you do not have ADK directly, you can make a profit because ADK ETF moves in conjunction with price movement of ADK.
myako
In other words, if you compare it to “gold”, you can make a profit according to the price movement of gold if you invest in a gold ETF without buying a “gold bar” directly.
neokichi
Yeah!… Myako understands well！
myako
hehehehe. . . If I buy ADK now, I open an account at the cryptocurrency exchange, buy bitcoin, open an account at an overseas exchange where ADK can buy, send bitcoin, and buy ADK. . In addition, you must send the ADK you bought to the wallet and store the SEED (secret key) at your own risk. . . Even if you don’t do that, you can easily invest in ADK by purchasing an ADK ETF at a securities company.
neokichi
Perfect …!
Will ADK ETF be approved in the future?
neokichi
Let’s consider together whether the ADK ETF may be approved!
myako
Even the cryptocurrency representative Bitcoin has not yet realized ETF. Is ADK approved before that?
neokichi
Looking at Bitcoin ETF, what they are applying for is the SEC (US Securities and Exchange Commission). The first thing ADK has applied for is NSE (Nairobi Stock Exchange) in Kenya.
myako
Bitcoin is in the US and ADK has applied for ETF on the Kenyan stock exchange. Maybe Kenya has a loose examination?
neokichi
I don’t know that. However, the approval conditions are different because the countries are different. One reason why ADK ETF are likely to be approved is that ADK has banks in Kenya and Tanzania.
myako
Why is it easy to be approved if I have a bank?
neokichi
As a reason why the Bitcoin ETF was rejected, the SEC (US Securities and Exchange Commission) responded that the cryptocurrency exchange did not meet the standards required by the SEC to prevent fraud and price manipulation. It is. In other words, Bitcoin is not being monitored anywhere, and there is a current situation where fraud is rampant.
myako
The reason why the Bitcoin ETF has not been approved is that the cryptocurrency exchange has not yet been able to make firm regulations and rules, and there is no monitoring from third parties.
neokichi
Yeah! Let’s consider the case of ADK. ADK has a bank. In other words, it is already being monitored by the central banks of two countries, Kenya and Tanzania!
myako
Seeing that point certainly has a bank and is monitored by the central bank! This means that ETF are likely to be approved.
neokichi
That ’s right. ADK founder Don also has a meeting with Kenya’s Vice President William and seems to have a good relationship with government officials.
myako
Kenya’s Vice President! ? That ’s amazing! !
neokichi
The video below is an interview with Don at an East African TV station (FANAKA TV), which includes conversations with ETF and vice presidents, and talks about ADK.
myako
Don is also talking about Kenya’s Vice President and talking about ETF! It ’s amazing!
Stock exchanges where ADK ETF will be listed
neokichi
ADK is scheduled to be listed on three African stock exchanges, including Kenya’s NSE (Nairobi Stock Exchange).Of course, it’s not as big as the US SEC.
myako
First of all, it may be meaningful to realize the first ETF among cryptocurrencies!
neokichi
Yeah! After listing on the three African stock exchanges, Don says that he aims to be listed on the largest JSE (Johannesburg Stock Exchange) in Africa, and further on the London Stock Exchange.
myako
After ADK ETF are listed on three African stock exchanges, we will aim to be listed on other stock exchanges! I’m looking forward to it ♪
neokichi
I’m looking forward to it, but the ADK ETF can be dismissed, and it’s important to keep in mind that it’s just a plan.
ADK ETF official website
neokichi
There is also an official website of ADK ETF (BADOER GROUP ADK ETF)
myako
A cool website!
ADK ETF YouTube
neokichi
The YouTube video of ETF was uploaded from ADK official on September 18, 2019 ♪
myako
In the video, you say that it is the world’s first cryptocurrency ♪
neokichi
ADK is working to acquire shares in ALTX East Africa Exchange. Hopefully, the ADK ETF may be listed sooner than the NSE, as the stock exchange will be owned by ADK! See the article below.
ADK to acquire shares on ALTX East Africa Stock Exchange! ? Partner with GMEX! ?This article translated what I wrote in japanese into English. Altho...
What happens if an ADK ETF is realized?
neokichi
Let’s consider what happens if ADK realizes the world’s first ETF in virtual currency. ETF market size is said to be around 4.9trilion dollars worldwide.
myako
That’s so big! I don’t know because the numbers are too big
neokichi
The overall cryptocurrency market size is around 300 billion dollars. (May 2019)
myako
Thinking so, 30 billion dollars is a tremendous amount!
neokichi
Of course, there is a possibility that only a part of it will flow, but it is still more likely that big money will come in.
myako
There is also a possibility that large institutional investors who manage with stocks and bonds using a large amount of funds such as insurance companies, banks, financial institutions may enter.
neokichi
Exactly! After that, if ETF are approved for the first time among cryptocurrencies, there is a possibility that recognition will spread at a stretch.
myako
ADK is still the main holder of Japanese and Korean people. Most people in other countries don’t know about ADK in the first place.
neokichi
ADK has been working on the project without promoting it until now. However! Regarding this ETF, there was a statement that Dong is also planning a promotion ♪
myako
I think the ETF alone has a considerable impact, but if the ADK side also promotes … there is a possibility that it will be known all over the world at once!
neokichi
I think there are a lot of possibilities. In addition, when ETF are realized, it can be expected that trust and trust from investors can be easily obtained. After that, it would be nice to have a good flow with the online banking operation of ADK’s main project.
neokichi
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