It's the through enough at the wall and something will stick mentality.
ETFs keep trying and sooner or later one is going to get approved and sell like mad, which in *theory* will drive up the price of BTC.
Which ones will matter and which ones won't is probably a more interesting discussion.
Everyone knows the BlackRock name, but does anyone care?
Or will it be a smaller ETF from some smaller place that people feel more comfortable with?
-Dave
Topic: Another ETF's Ticker got Listed on DTCC - page 2. (Read 226 times)
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In any case, it does not seem to have affected the price much, which has fallen by 0.7% in the last 24 hours, within normal volatility, even low for bitcoin. I believe that ETF approvals are already discounted in many cases by the market, and what will happen with the news of the effective approval is that many large investors will fleece retail investors who will buy for FOMO and sell in the fall.
though not a sign of actual sec acceptance. the entire speculative market are seeing that serious candidates are interested in/trying to get bitcoin exposure and its not a simple currency for nerds and technofans. (many novice investors thought its just for computer nerds)
adding more institutions to the list of possible lineup of an accepted application makes the chance of ANY ETF happening more promising
so there is more confidence of an(y) ETF happening no matter who manages it
adding more institutions to the list of possible lineup of an accepted application makes the chance of ANY ETF happening more promising
so there is more confidence of an(y) ETF happening no matter who manages it
This is a pointer that we might have multiple ETF approvals soon. Even though many people will see this from the angle of market manipulation, I don't see it that way and I feel this is not mere coincidence... there should be something going on behind the scene.
Whatever it is, I know its for good as far as Bitcoin is concerned. Our focus should be on how to ensure we secured as much Bitcoin as we can before these approvals starts kicking in.
Whatever it is, I know its for good as far as Bitcoin is concerned. Our focus should be on how to ensure we secured as much Bitcoin as we can before these approvals starts kicking in.
Price has been on the uptrend and we can assume that it has been due to the recent and working ETF craze, back when this happened a few years back this was not prominent because the idea did not go into realization.
Mainstream investors will love this and will be putting in a lot of money on the markets through the ETFs. Get ready for some crazy movements and price changes. With more such ETFs coming in I am sure some people will get scammed by fake and shady ones but that is all part of the craze.
It will be interesting to see how the things settle once the intro-hype ends.
Mainstream investors will love this and will be putting in a lot of money on the markets through the ETFs. Get ready for some crazy movements and price changes. With more such ETFs coming in I am sure some people will get scammed by fake and shady ones but that is all part of the craze.
It will be interesting to see how the things settle once the intro-hype ends.
Just now, another BTC ETF ticker got listed on the DTCC website. This ticker belongs to "INVESCO GALAXY BITCOIN ETF COM SHS B" Well according to the news, it might have been listed a few days back and we (the crypto community) came to know about it in the previous 1 or 2 days. And if you visit the source then you will find that Invesco applied for the ETF (21 June) just after 6 days of applying for ETF by Blockrock (15 June).
Overall I think it is bullish news even though there is not that much hype about this listing of ETF as news outlets said it might be listed for a few days but it is confirmed by them that it was not listed on the website till 25 October.
Well, let's see how this news turns up to be beneficial for the market but I don't think it will have any good impact because most people know the name of astronaut who stepped first on the moon and they don't know about the second or third astronaut.
https://www.binance.com/en-ZA/feed/post/1588263
Overall I think it is bullish news even though there is not that much hype about this listing of ETF as news outlets said it might be listed for a few days but it is confirmed by them that it was not listed on the website till 25 October.
Well, let's see how this news turns up to be beneficial for the market but I don't think it will have any good impact because most people know the name of astronaut who stepped first on the moon and they don't know about the second or third astronaut.
https://www.binance.com/en-ZA/feed/post/1588263
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