Bitcoin ETF ? | Bitcointalksearch.org

Hydrogen

legendary

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Quote from: jonloflin on May 10, 2017, 03:14:47 PM

Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that

Something like.

1. It would be SEC (securities exchange commisssion) approved. Some degree of regulation would be involved which some believe to imply makes investments safer.

2. It could make it easier to invest in bitcoin, without having to buy actual bitcoins. A person might buy ETF bitcoin "shares" with usd or other currency.

3. An ETF could be leveraged. This means $50 invested in a bitcoin ETF could give someone $75 or $100 of bitcoin exposure, depending on whatever percentage the ETF is leveraged.

This isn't a complete overview of ETF's but suffice to say there could be some things about it that would make it more attractive to investors than buying actual bitcoins.

electronicash

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no matter how huge the marketcap will be, the approval of it still is very slim. i don't think they will even review it since they already have denied it months ago as well. nothing has changed except the marketcap and so they will always come up with a conclusion that they won't benefit and then marked this once again as REJECT. Grin

ticoti

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They are revising it soon I think

btcdevil

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Quote from: mindrust on May 10, 2017, 03:21:05 PM

Quote from: jonloflin on May 10, 2017, 03:14:47 PM

Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?

You first need to learn what ETF means, here a quick course for you:
http://www.investopedia.com/terms/e/etf.asp

Being accepted as an ETF means that bitcoin will be recognized by regulated markets officially, just like stocks and bonds. It will open up a whole new trading market for bitcoin and prices will be manipulative as fuck.

So i don't know if it is a good thing tbh. Look how it did to gold.

I agree with your point that if it got approved and listed in ETF then it can be traded through fiat currency by all the brokers and the price will surely fluctuate more then what now it is happening and it can also be traded like what they have done to gold and silver or any other commodity trading. so it is also a risky to add it to ETF.

alangertein

newbie

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Lol, It's been a while the sec rejected this

JaneRivera

newbie

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Are you sure this is something real? i heard the sec rejected those

JacobJames21297

newbie

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It would be far more liquid than the bitcoin for speculation i think

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: jonloflin on May 10, 2017, 03:14:47 PM

Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?

It doesn't matter what it was. Forget about the ETF. It wasn't approved, they're trying to get it approved again and it will fail again. That was an American thing. Americans gave up on Bitcoin. It was cool for awhile but now it's not. Bitcoin is currently an Asian thing and the asians are going to line our pockets with fat stacks of cash. We don't need some stupid ETF when we have:

SUPERASIANS

mindrust

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Quote from: jonloflin on May 10, 2017, 03:14:47 PM

Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?

You first need to learn what ETF means, here a quick course for you:
http://www.investopedia.com/terms/e/etf.asp

Being accepted as an ETF means that bitcoin will be recognized by regulated markets officially, just like stocks and bonds. It will open up a whole new trading market for bitcoin and prices will be manipulative as fuck.

So i don't know if it is a good thing tbh. Look how it did to gold.

gentlemand

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Welt Am Draht

All attempts have been refused. All future attempts are likely to be refused too. The market is simply not compatible with how the SEC operates and may not be for a long time so they can't approve it.

The theoretical advantage is greater investor safety, the ability to buy through the usual channels like brokers and certain tax advantages are possible too. It won't happen though so it's an idea to forget.

jonloflin

newbie

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Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?

Topic: Bitcoin ETF ? (Read 595 times)