If we can finally get an ETF that means people will have another outlet where they do not buy bitcoin but they buy something that represents bitcoin, I hate that. I hope that one day people will realize that having bitcoin on your own wallet is the only way to go.
You can use blockchain.com they do give you your own wallet, they actually do have the data to hack you one day even though they say they do not keep it I do not believe them, but if you want to that is simply bitcoin wallet at it is simplest form and I feel like that is what we need to actually have, not some third party that will hold our coins for us, even exchanges suck about that, we have seen so many exchanges get hacked and exit scam, so there is no way that you could have a control of your money if there is ETF you can invest into.
Topic: Bitcoin ETF by 2nd quarter of 2021? - page 3. (Read 1162 times)
I wonder why this ETF discussions became alive again since or so many times we discuss it the price keep crashing once it didn't get an approval so provably it can create confusion and might newbie get panic for certain things regarding on this topic. And I don't want to talk about ETF anymore since its so nonsense to talk about almost impossible things for now
price crashed not because of etf but there are so many reasons why it can happen . infact one of the reasons why price increase is becauase of etf .it gives a hyped effect but this etf do also has its problems . so many times people expect and wait for its approval but theres no clear answer if what its status or what exactly happened to them
I am not certain what this is, however, I speculate that it might be an ETF.
They wouldn't announce something that has no legal right to exist. That would be a waste of their time and money, and everyone else's. An ETF is only one form of wrapper. There are many others ready to roll right now without having to speculate or smack your head against a brick wall.
What are those others that are ready to roll and when do you speculate would they be announced and available? Also on the 2nd quarter of 2021 hehehe?
In any case, I was only speculating. The first ETF will open the door for more and then we will witness the real pump begin. Prepare for the big short, however hehehehe.
What do people think will change when there is an Bitcoin ETF and there is billions changing hands there? I mean we are talking about another layer of bitcoin not actually being owned but just the thought of it being owned and that is not great at all.
It's because more institutional money will go to the market with these Bitcoin ETF's being filed and proposed by individuals and companies.
We already got the financial systems "futures" thing and now people can make profit from bitcoin going down because of that, which caused a lot of people spending tens of millions of dollars trying to drop the price in order to profit, I do not want another feature that would help people focus on anything but to just own bitcoin and have it on their wallet like it was intended to be.
Time has change, bitcoin its one of the best speculative assets, it's already been called the digital gold so the use case has dramatically altered.
What do people think will change when there is an Bitcoin ETF and there is billions changing hands there? I mean we are talking about another layer of bitcoin not actually being owned but just the thought of it being owned and that is not great at all.
Think about it, people are putting money on the fact that bitcoin will go up or down without actually buying bitcoin itself, and I rather not have that in crypto.
Think about it, people are putting money on the fact that bitcoin will go up or down without actually buying bitcoin itself, and I rather not have that in crypto.
What should be differentiated with the BTC ETF is that there are two versions of this way of trading. The first involves physically buying Bitcoin on the basis of which fund then sells the shares and such an ETF was proposed by VanEck and SolidX. Such an ETF would definitely create a lot of pressure on the market, and thus cause a big price increase - most experts and some experienced members of this forum agree on that.
The second type of ETF proposed by everyone else is actually trading derivatives, without actually owning Bitcoin. This is of course a much cheaper way for funds because they don’t have to buy Bitcoin and worry about its security, but I’m not sure how much such trading would affect the price.
What do people think will change when there is an Bitcoin ETF and there is billions changing hands there? I mean we are talking about another layer of bitcoin not actually being owned but just the thought of it being owned and that is not great at all.
Think about it, people are putting money on the fact that bitcoin will go up or down without actually buying bitcoin itself, and I rather not have that in crypto.
We already got the financial systems "futures" thing and now people can make profit from bitcoin going down because of that, which caused a lot of people spending tens of millions of dollars trying to drop the price in order to profit, I do not want another feature that would help people focus on anything but to just own bitcoin and have it on their wallet like it was intended to be.
Think about it, people are putting money on the fact that bitcoin will go up or down without actually buying bitcoin itself, and I rather not have that in crypto.
We already got the financial systems "futures" thing and now people can make profit from bitcoin going down because of that, which caused a lot of people spending tens of millions of dollars trying to drop the price in order to profit, I do not want another feature that would help people focus on anything but to just own bitcoin and have it on their wallet like it was intended to be.
I wonder why this ETF discussions became alive again since or so many times we discuss it the price keep crashing once it didn't get an approval so provably it can create confusion and might newbie get panic for certain things regarding on this topic.
Because the OP thinks that the new, and in fact the old member of that commission will change something in the way the SEC thinks about Bitcoin when it comes to ETFs, and also from the news that came from Fidelity on the establishment of a Bitcoin fund - but that has nothing to do with the approval of the Bitcoin ETF.
As far as I know, there is currently no active request for such an ETF, and the last one was rejected in February this year (Wilshire Phoenix Fund), while Bitwise withdraw its application as early as January this year. The SEC has also more than obviously signaled that it will not approve any such request in the near future until all their requirements are met. And I would like to see how someone can influence to prevent market manipulation and illegal activities which the SEC cites as the main obstacles to approval.
Well, just because governments and their branches want to make stuff for bitcoin doesn't mean that they will be capable of. Let's say banks started to give out loans in bitcoin and on paper they have more bitcoin and loaned more bitcoin combined over 21 million, they got 1 bitcoin as savings account from someone and loaned 5 bitcoins to others using that same 1 bitcoin, that is literally what they do with fiat, that doesn't change the fact that all of those are virtual and people do not own it, there could be ton of horrible stuff for the banks but this time when they crash government can't print bitcoin and give it to them, bitcoin is bitcoin and nobody could replace it or control it.
This is why let them do whatever they want, they can't get away with it this time around.
This is why let them do whatever they want, they can't get away with it this time around.
I am not certain what this is, however, I speculate that it might be an ETF.
They wouldn't announce something that has no legal right to exist. That would be a waste of their time and money, and everyone else's. An ETF is only one form of wrapper. There are many others ready to roll right now without having to speculate or smack your head against a brick wall.
I am not certain what this is, however, I speculate that it might be an ETF. There were no clear details given in the article except that it was a fund and that it might be offered only to institutions and also maybe rich individuals.
The prediction remains, Bitcoin ETF on the 2nd quarter of 2021 hehehe.
Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.
The previously unknown Wise Origin Bitcoin Index Fund I, LP was incorporated this year and is being run from the same Boston headquarters where the investing giant manages $8.3 trillion in customer funds. The early documentation provides little in the way of details about the fund, and shows that zero investors have currently participated. We do know that the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors.
Source https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund/
The prediction remains, Bitcoin ETF on the 2nd quarter of 2021 hehehe.
Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.
The previously unknown Wise Origin Bitcoin Index Fund I, LP was incorporated this year and is being run from the same Boston headquarters where the investing giant manages $8.3 trillion in customer funds. The early documentation provides little in the way of details about the fund, and shows that zero investors have currently participated. We do know that the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors.
Source https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund/
And on the other side, the SEC approving it would also lose credibility, all kinds of Ponzis could be approved next, with dire consequences.
An ETF that could have a chance would be one only tangentially linked to BTC, like an ETF including mining companies, crypto exchanges, etc.
An ETF that could have a chance would be one only tangentially linked to BTC, like an ETF including mining companies, crypto exchanges, etc.
I somehow doubt after all the grind of making people jump through a million hoops to get a Bitcoin ETF going the SEC will kick back, relax and think 'fuck it, PONZI TIME.'
The reason we're still droning on about this is they know perfectly well how much human garbage exists in the crypto space. Whoever pulls it off will have to be whiter than white. There won't be many places permitted to run one should the day when approval arrives ever comes.
I wonder why this ETF discussions became alive again since or so many times we discuss it the price keep crashing once it didn't get an approval so provably it can create confusion and might newbie get panic for certain things regarding on this topic. And I don't want to talk about ETF anymore since its so nonsense to talk about almost impossible things for now
Be careful what you wish for. Bitcoin is supposed to replace things like the SEC, not to be controlled by it !
And on the other side, the SEC approving it would also lose credibility, all kinds of Ponzis could be approved next, with dire consequences.
An ETF that could have a chance would be one only tangentially linked to BTC, like an ETF including mining companies, crypto exchanges, etc.
And on the other side, the SEC approving it would also lose credibility, all kinds of Ponzis could be approved next, with dire consequences.
An ETF that could have a chance would be one only tangentially linked to BTC, like an ETF including mining companies, crypto exchanges, etc.
I'm not sure how much people care about the success or failure of them anymore, but it's been an issue that never got any resolution. Sure would be nice if it could be put to rest one way or another IMO.
Unlike 2017-2018, there is no anticipation of imminent approval. That hype train sputtered to a stop a long time ago. If/when an ETF approval does happen, it's a huge, huge deal though.
Retail investors don't really touch pink sheet or futures/options markets. They need openly accessible funds, especially those that can be held in conventional retirement accounts. An ETF will be a game changer in that respect.
I expect it to happen eventually. For now I think the SEC is keeping the market on ice until more volume flows into regulated markets, and probably until some bigger legacy players apply.
Do people still talk about ETF with regard to bitcoin?
Apparently, yes. When I opened this thread, I though it might have been necrobumped by someone from three years ago, but nope--the bitcoin ETF is still a thing. I'm not sure how much people care about the success or failure of them anymore, but it's been an issue that never got any resolution. Sure would be nice if it could be put to rest one way or another IMO. I wouldn't invest in any crypto-based ETF, but that's just me and I know they'd be popular among a certain class of investors who prefer trading on stock exchanges rather than crypto ones. So in so far as that's true, I do hope these ETFs come to fruition, much as I was hoping that Bakkt would launch successfully even though I knew I'd never use it.
It's not for Bitcoin drama brats. It's for everyone else out there in the real world who otherwise wouldn't consider BTC. If it pops up through their usual investment channels they're going to be far more compelled to take a look.
As always, you put my thoughts into words more eloquently than I ever could.
I don't think we'll see an ETF this year. Most efforts will just be focused on the repairs of Wall Street and other financial institutions severely hit by the pandemic. No matter how good the Winklevoss twins' presentation is, the SEC would still sit on that application even though you already have 2 commissioners which are likely to agree on that positive decision, with 2 others obviously not really buying the crypto game and a newly-sworn person which do not seem to share her views with crypto yet.
This is true. They don't want to touch it any further unless they see actual reward for it. In this case, there's not much in for the government but only for the people and those who run the ETF. Lots of years in, we still don't have a clear definition on what the SEC really wants to approve a single ETF.
The Jay geezer going is helpful to it, but one or two commissioners agitating for it will still be outvoted by others. Even if those who outvoted them like the vague idea of it, they like the idea of not rocking the boat more.
This is true. They don't want to touch it any further unless they see actual reward for it. In this case, there's not much in for the government but only for the people and those who run the ETF. Lots of years in, we still don't have a clear definition on what the SEC really wants to approve a single ETF.
I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
Hester Peirce has already been a commissioner since 2018. Nothing new there. Who is Caroline Crenshaw? Any indication of her position towards crypto? A quick Google search doesn't turn up much in that department.
Also, why give the first ETF to the Winklevoss twins when they could wait and hand it to some legacy Wall Street institution? That's how these things usually go.
The consideration in the past years and during the bear market just died and now the talks about ETF have again resurfaced while its now almost in the bull trend. While its will be great to have ETF approved, its best not to expect or just be disappointed over again. If it's going to be reconsidered, I think they will just approve a lot of crypto ETFs at once.
Winklewii twins were always rich people, they were never poor and they studied at harvard and come from a family that has been rich for the longest time, even their last name reeks out money for crying out loud.
However, what they have managed to do with the money they got from facebook is incredible, dudes actually managed to get into bitcoin a ton very early on and right now one of the richest crypto people on earth, hell for a while they said they had 1% of all crypto in the world and I know it can't be right now but that is $180k right now, that was around $40k or so back in the day.
Whatever it is they have, they are definitely super rich thanks to it. If they get to do an ETF, they are rich and old money, I am sure they will get theirs accepted before anyone else can.
However, what they have managed to do with the money they got from facebook is incredible, dudes actually managed to get into bitcoin a ton very early on and right now one of the richest crypto people on earth, hell for a while they said they had 1% of all crypto in the world and I know it can't be right now but that is $180k right now, that was around $40k or so back in the day.
Whatever it is they have, they are definitely super rich thanks to it. If they get to do an ETF, they are rich and old money, I am sure they will get theirs accepted before anyone else can.
Bitcoin doesn’t need an ETF to succeed further & to be honest I’ve given up hope of one being approved any time soon. Governments are afraid of bitcoin so they’re not going to do anything that’ll help it gain further adoption & credibility. I got my hopes up a lot over the years about various ETF applications & every single one has been put in the bin.
Agreed! I was only speculating on when the first one might be approved by using crypto mom's appointment as SEC commissioner as basis.
I also disagree that the ETF hype is dead. It will come back again, all of you wait.
@OgNasty. Hehe yes it will. It might help create most of it.
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