A Bitcoin ETF could bring more credibility to Bitcoin as it is a registered product which can be traded by big institutionl investors.
It will mostly be used for speculation by people and funds with big pockets. You will not be able to buy real bitcoins with it.
For that you will have to go the traditional way over an exchange.
Topic: BITCOIN ETF - page 2. (Read 1750 times)
remember folks an ETF is not a way to buy actual bitcoins.
its just "shares" in a company that disclose how my bitcoins the company is holding. and people just 'gamble' (market speculate) on the value of the company.
which is then bait and switched to presume as a "bitcoin price". although an ETF has no actual or direct impact on exchanges or gateways to buy actual bitcoins
its just "shares" in a company that disclose how my bitcoins the company is holding. and people just 'gamble' (market speculate) on the value of the company.
which is then bait and switched to presume as a "bitcoin price". although an ETF has no actual or direct impact on exchanges or gateways to buy actual bitcoins
Older, less tech savvy rich people will have an easy way to jump on board without the worries we have.
that's all you need, but I dunno about old and less tech savvy. they're still not gonna be interested in it. however there are a lot of people who would take a closer look if they could buy it through their usual channels.
someone showing some interest now might be turned off by having to use a bunch of totally unfamiliar methods and companies to dip a toe in. an etf clears all that up. and then there are the possible tax advantages too.
on top of that there are investors who can't deal with it outside of conventional markets. this brings them in too.
Aside from maybe the price going up, what advantage do you think will Bitcoin ETF going to give to bitcoin?
http://moneymorning.com/2016/10/21/winklevoss-bitcoin-etf-update-this-week-could-help-sec-approval/
http://moneymorning.com/2016/10/21/winklevoss-bitcoin-etf-update-this-week-could-help-sec-approval/
Older, less tech savvy rich people will have an easy way to jump on board without the worries we have.
Again, I think this is another milestone on bitcoin.When it is approve by SEC,I think price will rise to unprecedented high. I hope they can build it more secured as security is very important here. They say they will build a cold storage (offline) to addressed it.
It will give bitcoin more credibility and lead to more people using it and trusting it. cant wait for these to lanch
I think the ETF will generate some short term media awareness of Bitcoin. It will also drain in more investment capital from traditional Wallstreet investors. So it's quite safe to assume that Bitcoin's fiat valuation will increase.
But I would not overestimate such effects and consider them rather short-lived. I consider a Bitcoin ETF only as a transitory solution for mainstream investors to invest in Bitcoin. But as Bitcoin's usability is improving the hurdles to buy the "real thing" are quite low already. That's quite a difference compared to precious metal ETF's that profit from the need of secure physical storage and more tedious liquidation process for these assets. You also have to keep in mind that the Winklevii Bitcoin ETF is not the first exchange listed investment vehicle for Bitcoin. As far as indicative evidence can tell, the existing investment vehicles did not cause significant changes in Bitcoin valuation - the WVii ETF may capitalize on the brother's publicity though.
ya.ya.yo!
But I would not overestimate such effects and consider them rather short-lived. I consider a Bitcoin ETF only as a transitory solution for mainstream investors to invest in Bitcoin. But as Bitcoin's usability is improving the hurdles to buy the "real thing" are quite low already. That's quite a difference compared to precious metal ETF's that profit from the need of secure physical storage and more tedious liquidation process for these assets. You also have to keep in mind that the Winklevii Bitcoin ETF is not the first exchange listed investment vehicle for Bitcoin. As far as indicative evidence can tell, the existing investment vehicles did not cause significant changes in Bitcoin valuation - the WVii ETF may capitalize on the brother's publicity though.
ya.ya.yo!
Well the SEC approval this weekend caused the price to rise larger amounts to what it is now at.
So I would imagine the ETF approval will do the same since they essentially tied together.
So I would imagine the ETF approval will do the same since they essentially tied together.
So that is why the price suddenly jumped to 670+ this weekend. But I am looking for any advantage other than the price going up.
Well the SEC approval this weekend caused the price to rise larger amounts to what it is now at.
So I would imagine the ETF approval will do the same since they essentially tied together.
So I would imagine the ETF approval will do the same since they essentially tied together.
Aside from maybe the price going up, what advantage do you think will Bitcoin ETF going to give to bitcoin?
http://moneymorning.com/2016/10/21/winklevoss-bitcoin-etf-update-this-week-could-help-sec-approval/
http://moneymorning.com/2016/10/21/winklevoss-bitcoin-etf-update-this-week-could-help-sec-approval/
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