Bitcoin ETF approved for Largest holders in US

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Fundamentals Of on October 08, 2021, 10:53:19 PM

Misleading. The SEC has never approved a single Bitcoin ETF yet. There is not a single Bitcoin ETF available in the whole US market until now.

Misleading news like this results in short term rising wave but it is unsustainable and after the short term growth, price will be pulled back.

Quote

Bitcoin media is oftentimes releasing news for the sake of marketing. But that's bad marketing. I don't know why they even publish news that are obviously just intended for FOMO and hype. Perhaps their sites themselves are created for the sake of causing hype.

Bitcoin ETF approval when it is officially confirmed, will be big news for Bitcoin market but we should recall what happened after the first two future exchanges for Bitcoin. CME and CBOE in 2017 was expected as big boosters for Bitcoin market and will help it to get value $100,000. In reality, Bitcoin stopped its bull market and has 3 years of bearish. Even now, 4years later, Bitcoin can not get value $100,000.

Don't let those misleading news to make you are greedy because even if we will have a real Bitcoin ETF, the market will go to a new bear market. Whales need winter season to prepare and pump Bitcoin again.

enhu

legendary

Activity: 2492

Merit: 1018

Quote

This week it also approved the Volt Crypto Industry Revolution and Tech ETF (ticker BTCR). The actively managed product plans to invest a majority of its assets into companies “with exposure to Bitcoin and its supporting infrastructure,” according to its prospectus. It’s one of a number of efforts to at least provide investors with indirect access to cryptocurrencies.]This week it also approved the Volt Crypto Industry Revolution and Tech ETF (ticker BTCR). The actively managed product plans to invest a majority of its assets into companies “with exposure to Bitcoin and its supporting infrastructure,” according to its prospectus. It’s one of a number of efforts to at least provide investors with indirect access to cryptocurrencies.

Wall Street Could Get Four Bitcoin Futures ETFs by Month-End and I was just listening to podcast earlier today which they are high on approval including the big Investment companies like ProShares, Valkyrie, Invesco, and Galaxy. The approval of Volt Crypto Industry Revolution and Tech ETF (BTCR) is reasonable enough to hope for BTC ETF as well. This had been awaited for years, it should be time to approve it as Bitcoin is too big to fail.

joniboini

legendary

Activity: 2170

Merit: 1789

I don't think US will approve any ETF either in the short term. It is quite useful for them to just delay and crackdown more companies so they can increase their holdings instead of making the price run more parabolic, while keeping the hopium alive. Let's see if 2022 can bring anything new or not.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Yep, seems like an ETF of companies that has exposure to BTC, rather than an actual BTC itself. It's just like a more sort of "diversified" bitcoin exposure pick rather than having all your money on MicroStrategy. I guess this is for investors who has the "selling shovels in a gold rush" mindset.

https://www.foxbusiness.com/markets/volt-equity-bitcoin-etf-sec

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Fundamentals Of on October 08, 2021, 10:53:19 PM

Misleading. The SEC has never approved a single Bitcoin ETF yet. There is not a single Bitcoin ETF available in the whole US market until now. Bitcoin media is oftentimes releasing news for the sake of marketing. But that's bad marketing. I don't know why they even publish news that are obviously just intended for FOMO and hype. Perhaps their sites themselves are created for the sake of causing hype.

I agree. We only have to read a little of the news to see:

"... the fund will be the next best thing to a Bitcoin ETF in the U.S. "

So it is not a Bitcoin ETF. One thing is the headlines, which today's press seems more like a tabloid than anything else, as they use them to cause emotional impact and attract the reader. And another thing is objective information, which in this case can be seen by reading the news. I was already surprised that there had not been a change in the price yesterday if a Bitcoin ETF had been approved.

Fundamentals Of

sr. member

Activity: 2366

Merit: 366

Misleading. The SEC has never approved a single Bitcoin ETF yet. There is not a single Bitcoin ETF available in the whole US market until now. Bitcoin media is oftentimes releasing news for the sake of marketing. But that's bad marketing. I don't know why they even publish news that are obviously just intended for FOMO and hype. Perhaps their sites themselves are created for the sake of causing hype.

odolvlobo

legendary

Activity: 4466

Merit: 3391

TL;DR: The Volt Crypto Industry Revolution and Tech ETF (Ticker: BTCR) holds shares of U.S. companies with large Bitcoin holdings. It was recently approved by the SEC.

Nathrixxx

full member

Activity: 140

Merit: 128

On the US run toward adopting Bitcoin EFT in the country and granting access to the largest holders (companies), the securities and exchange commission (SEC) has aporoved the exchange traded fund for Bitcoin for adoption with San Francisco one of the largest holders of Bitcoin ETF and such are regarded as "volt Bitcoin revolution ETF".

It could be recalled that recently, the US SEC has gone against the approval of Bitcoin ETF due to some level of doubt and risk involved in it, anonymous thoughts were raised to this developments to have been a step forward in the move to adopting Bitcoin as a legal tender with all expectations.
Further readings
https://forkast.news/headlines/bitcoin-futures-etf-approved-by-sec/amp/

Topic: Bitcoin ETF approved for Largest holders in US (Read 155 times)