Topic: Bitcoin ETF good or bad? (Read 769 times)

I think there were some prophetic replies years ago that I read about Bitcoin coming to that point of being less volatile. And it might not admitted for now but we're going on that route I guess.

For early adopters, this isn't bad news but whether we like it or not, we can't do anything against it. The point of time is going towards that coarse and the adoption that's coming from the institutions are finally here and that's through the ETFs.

Correct, More liquidity means less volatility! This is the reason why the price doesn’t collapse so hard even though price is almost on the peak and correct. This is bad news for those wants volatility for higher gain but overall it’s good for adoption since it reduces the risk.


This fact is inevitable regardless without ETF since Bitcoin is already hit the mainstream media due to the amount of money entering on crypto. There’s no way that government will let this free flow money untaxed.

A Bitcoin ETF getting approved would be huge. I mean, it means more people, especially big investors, can easily invest in Bitcoin without the hassle. This could make Bitcoin more popular and valuable. But, it also means more government eyes on crypto, with possibly more rules. Overall, it could make Bitcoin a more legit and mainstream investment, but with some trade-offs in freedom.

This may seem easy for young people with basic computer knowledge , but what about older people , who have difficulty with today's digital devices? I think bitcoin ETFs can solve that problem and it works in this case . I once tried talking to my parents about investing in bitcoin, they said it was too complicated and risky as they had to keep their privatekeys , passwords , 2FA... things they have never been exposed to before . But they can go to the bank and deposit their savings without my help. I think , if bitcoin ETF is more popular in my country then I think I will introduce it to them . I believe they will consider investing in bitcoin through an ETF because it does not bring too much trouble for them .

ETF's are great thing for BTC!

This is where the clown car pulls up and yells about self custody.

Holding bitcoin directly sucks ass for many. Who wants to manage the keys? Nobody. What keeps your business partner or Karen in accounting skipping town? ETF's fit nicely within existing trading platforms and is cheaper and faster to trade within. Especially when tax harvesting and rebalancing.

ETF is superior in my IRA over holding directly. When I retire and take my draw I don't pay taxes on it and that is HUGE! I can't yet  gain exposure in my 401K, but when I do my employer matches my contribution, think free money.

If they have no issue to access an exchange, either CEX or DEX, to buy Bitcoin by themselves, they should go with Bitcoin, not Bitcoin Spot ETF share.

It is not too difficult to do this, buying bitcoin and storing it in a non custodial wallet by themselves. It will force the investors to learn about wallet, backup, recovery and security of wallet and their devices. It requires some time to learn basics but in security and safety of their money, it is very worth to do.

Recommended Bitcoin wallets.
Security checklist
Protect yourself from fake wallet software (guide)
WARNING when using mobile device wallets (Android, iOS)

Some people are worried that they might just go with ETF instead of the actual bitcoin but I feel like their worry isn't something that big really, as you've said, it's a way for bitcoin to gain much more range in terms of publicity and I don't think that there's no better way for bitcoin to gain more publicity and more people interested in investing than the institutional investors personally endorsing bitcoin although at a certain level where they're also benefiting from it. Totally in agreement that it's a good thing that institutional investors have opened a way and not just a way but also a huge one for bitcoin to be recognized towards something that would definitely lead to bitcoin going up in prices in the future which is the ultimate goal anyway.

Bitcoin Spot ETFs are one of catalysts to increase Bitcoin adoption and get more trading capital in Bitcoin market. These impacts from Bitcoin Spot ETFs are big, long term, sustainable and these impacts are undeniable because they are real and big.

In short term, market is volatile and unpredictable and if you trade in the market, stuck with its daily or shorter time-frame movements, you will be affected a lot and can lose money by making bad trading decisions.

With Bitcoin Spot ETFs and big impacts, if you invest in Bitcoin, long term holding your bitcoin, you will get profit and have an easy life with your easy investment.

In any market, there are big investors, whales which are favorite in manipulation on the market because it can help them to get profit. It's fact and we can not get rid of market manipulation. So we have to live with market manipulation, understand it and if possible, take advantage of whale manipulation for our more clever capital use for investment and decision to enter, exit the market for profit.

ETF approval is only going to make Bitcoin to be easy manipulated to the big firms and whales. The current ranging market could be cause by the market manipulation we don't have to relax and think that the volume of Bitcoin is lower than the time when the ETF was approved in the United States. Hong Kong had approved their one ETF and we expect the price to go a little bullish but all we saw was unstable market trying to dip more. We just don't know how long this would continue.

Of course, anything that casts positive publicity on Bitcoin helps to advertise it and brings more patronage to it. That's what the Bitcoin ETF has been able to do. We saw how Bitcoin price went up and broke its ATH of the previous circle even before the recent halving. The ETF strengthened confidence of institutional  investors in the industry and they came in gun blazing. This is opening up more space in relation to investment for Bitcoin. It's a plus.

Bitcoin Spot ETF investors are institutional investors but they need time to understand more about this market. They are less likely doing their investment without due diligent research and don't react emotionally like retail investors. However, they certainly are affected by market trend on how they spend their capital. It's always easier to spend money, to invest in a bull market than in a bear market. It's true from stock markets to cryptocurrency market.

I believe from adoption growth, demand increase, we will see long term impacts on Bitcoin price. It will be shown on trading volume and trading price but it will be long term impacts and need time to show.

ETFs got approved months ago, so I think we can already see their influence. In terms of adoption, I think it just created new demand for Bitcoin (indirectly), as those people who invest in the traditional market became more open to investing in Bitcoin via such mechanisms. Bitcoin ETFs grew really fast, but it seems that they're now slowing down.
In terms of the price, Bitcoin got a nice bump in Q4, 2023, due to anticipation of ETF approvals. And then this year, we've seen it going from $43k to over $70k.
So I'd say that the impact is positive, but I also don't think ETFs will be a game changer in terms of Bitcoin global adoption.

Well, it would be not as much as US ETF, but still something. Asia is a big market, and the inflow is still gonna do something.

Bitcoin ETF approval sparked the development and acceptance of bitcoin as a new investment instrument, and it will definitely not be a standalone asset. But overall it can have a positive impact on Bitcoin and the crypto market. This may increase the demand and price of Bitcoin in the spot market. ETFs will provide easier and more affordable access for investors to invest, especially Bitcoin. This can encourage increased adoption and investor confidence to encourage significant growth in the crypto industry. With Bitcoin ETF approval, the door has opened wide for further innovation and deeper integration between traditional financial markets and the crypto world, as well as encouraging the development of Bitcoin-related products and services. But what I really don't like is that the costs are higher.

BTC and Ethereum spot etf's have already been approved in Hong Kong, however, do not expect it to be as big as that of the U.S, so many people do not even know that etf's were recently approved in Hong Kong and i am certain the inflows will be nothing compared to that of that U.S.

So far I feel the impact given is positive. In fact I was hoping for an ETF to be approved, so I support the Bitcoin ETF to emerge. The reason is that there are many positive impacts with the development of crypto. Investor confidence in Bitcoin is getting bigger. Clearer regulation. The fear is a monopoly by one of the companies that owns the ETF. But now it seems that this spot ETF in the US is giving effect and it seems that a Spot ETF in Hong Kong will be issued soon.

They are trying to "paperize" bitcoin, like they tried (and succeeded) with gold. Luckily, Bitcoin can be traced and monitored, so there is still hope

exactly and initially it seems and indeed the presence of ETFs does have a good impact on the market but we never know what the real direction will be in the future will run decentralized, indeed BTC is up from a lot of demand but if the basic function is lost this will be misguided and the free-market will disappear and continue to be under Government supervision and The main problem is the most basic political problem but I believe the Transition The global monetary system will come sooner or later.

It'll drive us more under the control of the government, ETF are centralized so imagine how many Bitcoin they'll be hodling when new investors only buy Bitcoin throughout ETF, it'll make leaving Bitcoin with centralized platforms to become a thing again. With Bitcoin being held with the ETF, it might make regulation to be talked about more and since it will be mostly people in high places that'll be more interested in the ETF, they'll want to have the new industry that they'll be investing into to be regulated to prevent them from losing and protect their investment. The institutional investors are all in for the regulations and they will be the ones making use of ETF while regular investors like you and me will be making use of exchanges to get our Bitcoin.

On the positive side, it'll bring more exposure and more money to the industry which will affect all areas of the market and influencing the price of Bitcoin to new ATH. More institutional money will be coming into the market and that is a positive thing. After the ETF platforms get attacked, it'll draw attention to non constodial wallet so it isn't a total lost for decentralization because it might just be what we needed to get the industry back on track because we have been diverting from the original Idea of Bitcoin recently with the introduction of ETF and losing the idea of Bitcoin as a currency..

Results:

The Price will go up, Some People will go to Jail (and Good, there are Criminals in the Cryptocurrency World, I have said before that it is Ripe for Money Laundering and that is pretty much impossible to Stop, all they can do is Arrest People who are Actually doing it).

Initially,it creates room for exposure,setting aside the risks hat it possess.Its a center of attraction for investors to gain and regain acknowledgement without any complications or involved risks.
People that use ETFs for investment transactions always end up successful,renders a moderate impacts to your transactions to always increase distribution and reduce unnecessary mismanagement.

Hmm, in a few words good for holders, and bad for those who missed the early buying opportunity, TBH I'm not a big fan of ETF but if they are generating good volume and people are getting familiar with Bitcoin in traditional way why not at the end of day its good for whole community there a few concerns but yup nothing can be perfect there will be falws in the system always we cant setisfy every requirement with desired results.

As far as I am able to buy Bitcoins freely wthut any restrictions and as far as I can keep my accumulation private there is nothing to do with other -ve developments because community is strong enough to go through any circumstances so even if they removes this ETF system I don't care.

ETF's are not the start but yeah, they are not going to be the last. It's not only the regulation and adoption are going to add but new innovations too. ETF's in crypto are literally getting started because it's not long ever since they got implemented but despite of it, we already saw their effect and it was positive.

There are people who buy BTC via the ETF's thinking it is less risky but it is actually more risky than buying and holding on their own although maybe they are only lazy or they don't think they have the time to manage their BTC's/keys. Let's only hope that those people are soon going to change but they likely can, once they experience an issue or difficulty.

Bitcoin stands on it own while ETF as well stands but its dependent on bitcoin market price, only when we realized the role and effect of bitcoin in determining the value for the ETF commodities, we will then understand that this adoption will yield to more use case of bitcoin in the future as many other organizations and investments will have to depend on bitcoin market price even though they are not investing directly in bitcoin.

I don't agree, BTC etf's do not give institutional investors any kind of control over BTC. I know there's been a large inflow through BTC etf's since its approval, and if we see a lot of outflows, the price will drop temporarily, but i would not call that control. Take note too that these guys are investors, so they are not going to be selling their coins only because they want to 'manipulate' the price and it is also unlikely that the outflows will happen all around the same time.

It’s both good and bad in my opinion. On one hand it’s absolutely propping up the value of Bitcoin , which is really not something that’s even debatable.

On the other hand, it does give big fund giants a bit of control over price changes or the “network” for lack of better terms.

Actually Bitcoin ETF has got some benefits it's giving to cryptocurrency as a whole and this is something that were are not going to see taking place almost immediately, just maybe it may take sometime before it eventually comes to actually fulfilment because even after the ETF approval there will be need for some time for some others to looking in to adaptation thereafter but then Bitcoin becomes more acceptable and probably adoptable by many others by virtue if the ETF approval. This ETF approval isn't really going to give total control to the government but then there will be some form or local regulations because the Blockchain technology isn't such that you can gain absolute control over or further restrict.

In some regions there have been implications that have led to the bank of Bitcoin and some cases cryptocurrency at Large but then it still didn't give them the control or absolute regulatory power over Bitcoin and cryptocurrency in general.

I don't want to talk about the future. But I can share my observations so far. According to my observation, The entire market is moving with the ETF market now. Since the ETF report is not instant, updating the market takes a couple of hours. Sometimes it takes a day. I noticed that if we see net inflow on the ETF market, Bitcoin price increases for the next day, and the same thing happens when we see net outflow on the ETF market. Now if you ask that if it's good or bad, I don't know. ETF brings more centralization. But we all should be okay with that. People who cares about their privacy will remain anonymous and they don't think much about centralization. Anyonymous people will enjoy the market movement instead.

i also think like that, even though bitcoin etfs don't have a significant impact on the bitcoin market, at least they can have a positive impact where there might be etf investors who are immediately interested in buying bitcoin because they are curious to try out how to buy bitcoin directly in their wallet. so this etf can be said to be considered a new form of promotion for bitcoin, even though it's not directly like that.

I feel like we had a lot of people like that anyway, and we are ending up with basically something quite similar again, there isn't anything that could get any different aside from maybe just size of things. When it dropped just a bit, it dropped a lot, when it went up a bit, it went up a lot, it has always been like that.

Volatility is something we talked about in the crypto world since the start of crypto world, it is not going to really change much, maybe it would be even more volatile but we are used to being volatile so being more doesn't really change much for us. I hope that people would see that ETF could also provide a lot more money into the market as well and that matters, we should be focusing on that part of the deal, because it is such an important part of it.

I get your point, but do you believe people who buy BTC spot etf's are actually interested in BTC, i think it is the opposite, and they just want to invest in BTC without caring about its technology or basic things such as having a BTC wallet or backing up their seed phrase. BTC spot etf's is great for BTC price, but not so great for what it was originally created for.

Although it is not good for bitcoin as you say, there is one thing we cannot stop them and I think that is the price we have to pay if we want bitcoin to become more popular. Besides the negative side, we cannot deny that with the adoption of ETFs and thereafter, more and more traditional investors are interested in bitcoin and they are investing in bitcoin through ETFs. Supposedly, without ETFs, bitcoin's popularity would still be very limited and many people would hesitate to invest in bitcoin. ETFs bring pros and cons to bitcoin, not just harm.

Let me start with the question of the title, ETF is never bad, and as a matter of fact, it will give Bitcoin more relevance. However due to the way Bitcoin was created and its function and operation as well, the ETF may not be as important as people believe it to be compared to how it is so important with Crude oil, Gold etc.

Bitcoin is structured in a different way like never before and with or without ETF, Bitcoin will continue to gain popularity, and adoption and attract investors. The extensive benefits from the ETF, in the long run, will naturally be directing more investment into it. But this will only be in a way as those who are afraid to buy, hold and manage their Bitcoin themselves or are afraid about the privacy and decentralization of the asset, will join due to the ETF. It will help in this regard since the ETF will make Bitcoin to be more centralised even as the system itself is decentralised. This will also naturally means that the government can oversight the activity better than though it was moving within the core Bitcoin plans of non-custodial approach. This will help them cool their nerves as well.

Every win is a win and the ETF approval is more than just a win, but a nod that all is in order and the concept of Bitcoin and cryptocurrencies in general is here to stay and be a solution for investors as well as those who intend to make a career out of trading Bitcoin either part time or full time.
The ETF approval is what large corporations and large pocket investors need to invest their funds as buying coins on a regular by DCA or at once may prove too much to handle and ensure safety. Hence, it is a good advancement for the interest of BTC and cryptocurrencies in general.

Your insight nails it! Bitcoin ETFs might not make it a currency overnight, but they sure are sparking curiosity and that's a win.

I'm not sure it will help bitcoin to become an actual currency; what will do for sure is bringing more attention, and that is good. Probably the majority of people who buy the ETF won't care about buying the actual bitcoins but even if a small percentage of those people, let's say 5%, will somehow become more interested about bitcoin then, for me, it's a great result.

Yeah, we've been going to that direction even before the approval of these spot Bitcoin ETFs in the US. Ever since Bitcoin became popular, centralized platforms have already emerged. Ever since Bitcoin got assigned with fiat equivalent, it has gradually turned into an asset or an investment.

I'm not saying this is the fault of ETFs, though. All I'm saying is that ETFs can be bad to Bitcoin. And whether the trend has been moving toward this direction already even before the ETF approval or not is quite another story. But the entry of BlackRock and the rest of the traditional giants in finance ushered so to speak by no less than a government agency is like the final nail in the coffin. It's like a stamp which signifies the traditionalization of Bitcoin.

This post raises interesting points about the potential impact of ETFs on Bitcoin acceptance and government control. It suggests that ETF approval could lead to increased investment in Bitcoin by customers who may have been hesitant to invest directly. While ETFs offer convenience, they also involve centralized companies collecting personal information, contrasting with the anonymity of decentralized platforms like Bisq. It's essential for investors to weigh the pros and cons of different investment methods and consider factors like privacy and control. Thanks for sharing these insights!

There are two ETFs. The first which was approved in 2021 is called a futures ETF and the second is a spot ETF which was approved in January 2024. What ETF do you mean, a Bitcoin spot ETF or a futures ETF?

For me, the approval of the Bitcoin spot ETF has a positive impact because Bitcoin, which is already popular, is becoming more popular. From small scope to larger scope.
Many are pushing for the SEC to approve a Bitcoin spot ETF before the SEC decides on approval in January 2024. There are various basic analyzes why many are pushing for the SEC to approve and in my opinion why I also push for it to be approved is as I said above.

Prices really depend on how big the demand and supply are and for me ETFs only make it easier for investors to find out the prices there. Bitcoin will not be under government control despite the 11 approved Bitcoin spot ETFs. Are there any additions from 11, I didn't update

For me yes, because at first, if it will not help the people, at first ETF will not get approved.
So for me, this is a big help for the Bitcoin community because it will help to spread good news about Bitcoin to other people, adaption.
Downside only is these regulators where trying to control Bitcoin but they can't.

I believe that its impact on Bitcoin as a currency will be negative, while its impact on the price will be positive.

As for the price, we saw how the approval of the Bitcoin ETF led to a huge rise before Halving, and the reason is that these companies gave wide access to Bitcoin even for ordinary people who know nothing about Bitcoin and find buying stocks much easier.

As for accepting Bitcoin as a currency, on the contrary, Bitcoin ETF does not give you any Bitcoin, but rather gives you shares in a central company under government control. This means that the companies under government control are the ones that buy Bitcoin, and you only buy shares from these companies and do not own any real Bitcoin in your wallet. Therefore, it is clear that its impact is very negative in this direction.

The approval of Bitcoin ETF is also the first step for governments to think more seriously about having new regulations and laws specifically for this market. I think having clear regulations and laws from governments is not a bad thing, and it is necessary for this market to grow stronger. Clear regulations and laws will create a more legal and safer environment for traditional investors to pour money into this market.

However, with regulations, Bitcoin holders and investors may more or less be managed by the government. This is inevitable as Bitcoin is like other regulated assets. Buying and selling will be subject to taxes and other regulations, but how to hold it is still up to us to decide. At the present time and in the near future, if you store Bitcoin in personal wallets, I think there will still be no problem. In the more distant future there may be stricter regulations regarding personal storage wallets, forcing users like us to use storage services created by governments or large organizations, but that story requires more time and I think hasn't happened yet in this cycle.

I think etfs are a great way to expose a lot of people to crypto and basically ease them into the community. Eventually though I think they might consider throwing away etf and just investing in bitcoin directly as it has plenty of advantages compared to etfs.

Beginners might just want to get into etfs first as they do not want to directly interact and manage with many risks that come with investing in bitcoin.

It gives more confidence to people in the traditional investment world, they see it as a badge of approval from government and regulators, which is positive.  At the same time it could mean that Bitcoin trading ecosystem could be under more scrutiny, and again there are some positives to it, like it could reduce price manipulation, but also it would mean less privacy and less freedom for those who use large exchanges and large services.

Interesting question! The approval of a Bitcoin ETF could definitely have far-reaching effects. Will it pave the way for wider acceptance of cryptocurrencies as legitimate investment options? Or will it lead to increased government oversight and control?

I think Bitcoin ETFs will give large centralized financial institutions more control to manipulate the Bitcoin volatility. We now find that huge pension funds are also investing in Bitcoin ETFs and we know they are very trigger happy.

The slightest drop in the price, will cause them to dump Bitcoin ETFs for something else and this will have a huge ripple affect in the market.

So we might see wild volatility in the price, when those fund managers pull investments from ETFs.

Benefits:

#1, if the ETFs price is lower than the real coin, it means when the real coin price increase, the ETFs price will increase but still lower than the real coin. This means no benefit.

#2, this is really misleading.


#3, #4 and #5 those aren't benefit, centralized exchanges can do same.

Investing in ETFs is a stupid choice since you need to pay 2% annually, while simply hold Bitcoin will cost nothing.

An investor gets the benefit of Bitcoin trading without any trading account. However, people are still not fully aware of Bitcoin but when they know about Bitcoin ETF, many people are increasing their investment out of curiosity. We should know first what is bitcoin ETF? Bitcoin ETF trading mainly allows a trader to gain exposure to Bitcoin without owning the cryptocurrency that almost everyone knows. We know that ETFs play an important role in Bitcoin price growth. By this ETF, the SEC has introduced the tracking system. Trading on a centralized exchange platform and this ETF trading have some similarities where tracking is an easy way. But considering various factors ETFs have some negative and positive aspects.

Perhaps bitcoin ETFs somewhat overshadow the features that make bitcoin special but I think even without bitcoin ETFs, those things would have happened sooner or later. The simple reason is because bitcoin is considered a speculative asset rather than a currency, and this was before the emergence of ETFs. Once it is called investing, profit will be the top priority, not too many people will be interested in other features of bitcoin. Looking at the growth of centralized services and centralized exchanges speaks for itself, and the fact that bitcoin has become more centralized is not entirely the fault of ETFs.

I am not sure if it was a good idea. ETF gave btc the legitimacy it needed but on the other hand it also institutionalized btc and that’s not a good thing because there are regulations everywhere and no business lets you use btc without doing a KYC check anymore. This happened because of the ETF. Btc was more free before the regulations because the govs didn’t know what to do with it. They are regulating it now and these regulations are everything against the ideals of crypto currencies which is having freedom.

what we can see on the other side is about bitcoin which is more widely known and can increase investors into this sector. So of course the price of bitcoin will be much more expensive than today and if we look at it from the halving perspective, investors will not be able to own a lot or even have a monopoly on bitcoin. It must be remembered that Bitcoin was created and created to avoid global financial centralization.

The ETFs are just the start, can you imagine in 5-10 years time where we will be with Bitcoin regulation wise & adoption wise? I think the ETFs are only just getting started and I for one wouldn’t be surprised if we see record breaking deposits from all the folks who want the ability to buy into Bitcoin without assuming much risk. The ETFs are a great way to get exposure but a bad way to promote liquidity and freedom with your coins.

Bitcoin ETF good or bad? Well i would say that everything has 2 side the good and the bad one Proponents argue they could bring more mainstream adoption and liquidity to the cryptocurrency market. However, critics raise concerns about potential market manipulation and increased speculative trading. So this is that come up after I do google search.

So the point is in good side we probably gonna see more adoption in crypro especially bitcoin and i heard that other countries is also start adopting bitcoin etf aswell if this true we are gonna see more.major institution start to invest and crypto and bring the price could be higher

And the bad side is bitcoin most likely gonna related with real world event like economic decisions and price manipulation

Well it depends on which perspective you want to look at it.

Many are against etf for there is now a higher possibility of manipulation of the market with big investors coming in. On the other hand, we have seen what it did to the price of bitcoin just a month ago. I think definitely it has its own pros and cons.
The btc etf definitely serves more centralization than most would need and while it does help in the process of the public adopting btc there is a higher risk of government regulations.

Bitcoin ETF has been approved for almost 3 months and it has also had an impact on bitcoin as well as the cryptocurrency market, I think you can also feel for yourself whether it is positive or negative.

To me, the bitcoin ETF brings more positive effects than negative because the concept of bitcoin has become more popular and familiar to many people since the bitcoin ETF was approved. But even if it does have a negative impact on bitcoin, is there anything we can do to stop it? No, we cannot stop the government from doing anything.

That gives more investors confidence that they're investing with some of a portfolio manager or brokers than investing directly and holding Bitcoin. That works for them but not for the most of us.

I'd see it with more acceptance of Bitcoin as a store of value and investment but not with being a currency for which is the main reason why satoshi made Bitcoin.

No, only the brokers, financial institutions are subject to control but not actually Bitcoin nor us.

There's good and bad that come from it, but if we are to be pedantic about Bitcoin, I should say it is generally bad. With spot Bitcoin ETFs, the emphasis on peer-to-peer is gone. The emphasis on a trustless system that eschews third parties is forgotten. The features which make Bitcoin revolutionary; decentralization, freedom, independence, ownership, control, and so on and so forth are set aside. Without all these, Bitcoin isn't Bitcoin anymore. The Bitcoin in spot Bitcoin ETF isn't money. Strictly speaking, Bitcoin in spot Bitcoin ETFs isn't Bitcoin at all.

They will surely increase the acceptance rate because companies such as Blackrock that have their ETFs approved will have a lot of customers making investments with them which is the reason why these companies have bought so many Bitcoins recently. The customers these companies get or have are the ones who are always doubtful about Bitcoin and its existence but are also willing to invest in it. So instead of buying Bitcoin directly, they make their investments through these companies. So when it comes to acceptance, I also believe that ETFs will increase that in the future.

When it comes to the government and control, ETFs are not always under the control of the governments, but it is true that it is a centralized mode of investment which means that you are giving away your personal information to a private and centralized company which isn't the case if you are investing in Bitcoin directly and buying through a decentralized platform such as Bisq.

Already affective with Bitcoin ETF bring positive side and bitcoin success make new ATH, but ETF Bitcoin can't controlling with bitcoin transaction depend on holder of bitcoin each self. But have other bad side with ETF bitcoin where government have a lot of controlling with some bitcoin wallet after many platform wallet seized by government due money laundering issues depend is true or not. I think in the future when ETF Bitcoin will make many problem and giving bad side for bitcoin its self although bitcoin can't manage by any community of countries but most of holder scared when government sharing bad news about bitcoin.
In future, just want to see ETF not try to make FUD by seized many top exchange without acceptable reason such as money laundering after several exchange got cases from Binance CEO until last market with Kucoin.

What date is it? it is January 10, 2024? come one, it's already May 4, 2024 which is almost 4 months after SEC approving ETFs!

As we can see even just in 4 months, we already see few bad news about Bitcoin, the government seized a non custodial wallet that offer privacy tools i.e. Samourai Wallet and US will tax Bitcoin miners. What might happen in the future? we might see government force people to use CEX, file your full crypto holdings, and only use address that you had submitted if the address is belong to you.

The conclusion Bitcoin ETFs is bad.

Naturally, as all markets, bigger market cap, less volatility. Some times there will still be 20% or 30% volatility but it will occur with lower intensity. Gold, oil, and stocks can have high volatile days but such days won't appear too often. Same for Bitcoin price volatility in future as if some day Bitcoin price is $1M, we can not expect 10% change in a day, it will be $100,000 that is too much.

We can not have both like bigger adoption, bigger market cap but the same or less regulations on this market. We actually want to see this market to grow bigger, Bitcoin to gain higher value and higher price, so we must accept more regulations like how governments do on other markets.

I think it’s more positive than negative.

You reach a larger audience when they can simply buy it on the stock exchange or they can call their broker and buy some bitcoins thru the etfs. Before you had to deal with CEX which was a pain and took too long to set up.

There is also more liquidity. So one large whale won’t be able to manipulate the market as before. There is going to be less volatility so no more days where bitcoin has 20% swings in price.

Negative is that there is more regulation. Which can be seen on how exchanges are strict with their users.

Yeppers mate !
Beyond any doubt, the Bitcoin Spot ETF has already affected Bitcoin. If we look at the past data, since the approval of the Bitcoin Spot ETF, there has been a surge in Bitcoin, and high volumes have also been entered. So this is proof that the approval of the of the Bitcoin Spot ETF has already affected the price of Bitcoin. And above all, Bitcoin's new all time high is proof that the new all time high halving was created by Bitcion Spot ETF approval. So Bitcoin Spot ETF approval has already done all of its work, so we can expect more from the ETF, that is, more information can be added to Bitcoin. And at the same time, Halving will also have a unique impact on the price.

With the approval of the ETF - there is great hope for the future of bitcoin will be even better. ETF can encourage demand for bitcoin in the market regardless of how new investors invest in them - of course, not all new investors are interested in ETFs because some of them are interested in having real bitcoin in their wallet.

ETF can be considered an important fundamental to the future growth of the bitcoin market. This can be indirectly expected as the reason why adoption is growing over time - but the increase in adoption is not because of ETF, but because adopters know that bitcoin is a viable and profitable option as a means of payment.

No doubt ETF is good, but more likely, a large number of bitcoins are controlled by a centralised broker. They might manipulate the market if they want. However, due to ETF, a lot of new investors have introduced Bitcoin, and they are investing. They are just buying numbers, not real Bitcoin at all. I don't know why investors think it's risky to buy direct-chain Bitcoin, but they feel comfortable with ETFs. It's just nonsense to me, though ETF helped push the chart. 

One thing about the ETF, like others have mentioned, is that it brings about more exposure to Bitcoin among those who doubted it before, as well as the price surge, which also happened due to the news and hype.
 
But one thing I see as the negative part is that ETF promotes a way to own Bitcoin without actually owning any real one, like it promotes non-custodial ownership.

With the acquisition of Bitcoin through ETF, you won't be thinking about custodial wallets anymore; you just buy them just like you buy stock, and you don't have any private country about it. 

Good or bad, it's subjective.

A person who adore stock and thinks it's a superior investment than any other thing but has been eyeing Bitcoin for long will go for ETF but the person who loves freedom will pick Bitcoin over the ETF simply because of that "freedom", you can never have that with ETF.

If you buy an ETF, it's not like Bitcoin that you can withdraw from an exchange to a personal wallet, you either buy and keep on the broker or you sell and get equivalent fiats but for Bitcoin, you will buy bitcoin and you will get nothing but Bitcoin, you can send it to anyone or move your thing to an external wallet. You have your answers, it's subjective.

Although the Renaissance of Bitcoin, there wasn't anything like ETFs...IMHO, there's never been some sort of support to aid the growing process other the devaluation of some local FIAT currencies.
Buying ETF is more like owing some shares capital; it doesn't mean you've got any Bitcoins... Most investors would go for this as a monitoring tool on Bitcoin price movement and volatility.
I mean, what's the sense in over paying brokerages - a tune that's much higher than the normal 30 sat/Vbyte?
The influx was an increased price + volatility.
This will only make the government more hungry in time. Lol

I think that bitcoin ETF approval will accept Bitcoin there are the positive signs and there are the negative sites but let me talk about the positive. Bitcoin ETF approval will increase bitcoin's popularity as you cannot write bitcoin ETF without writing Bitcoin. This can lead so it's.

Bitcoin ETF will not trigger the adoption of Bitcoin. Rather what it would do is to entice the older generations to buy Bitcoin through their ETF vehicle.

Do you understand how BTC etf's work? If you buy BTC etf's you are not owning any BTC, but you are buying shares of a BTC etf. So how can it increase the acceptance of BTC as a new currency, when people do not buy 'real' BTC's to store them in their own self custodial wallets.

After BTC spot etf's were approved in the U.S, we saw the impact it had on the price of BTC, because of the amount in inflows. So i think the impact of spot etf's can only be seen in the price, i.e. if there are huge outflows sometime later, then we can expect the price to drop too.

On a short term it has benefitted Bitcoin as the price of Bitcoin has surged and it spread more awareness about Bitcoin and helped more people to know Bitcoin who were not aware but we need to understand the difference between ETF and Bitcoin as ETF is more controlled by government so I cannot comment on future but at the moment it has helped Bitcoin's publicity as well as attracted more investors.

Already as we know the ETF has given rise to the price of bitcoin which also creates more avenue for more investors to venture into the market and that doesn't mean that the government is in total control of anyone's bitcoin that is in their possessions. This doesn't change anything from bitcoin and we still have it as bitcoin and not fiat, there are people who don't still have access to bitcoin due to some restrictions could be poor network, lack of facilities etc. Only those who are privilege to be in the 1st and 2nd & 3rd world country could have total accessibility to it respectives that it allows both Rich & Poor to own it. ETF doesn't reduces the number of bitcoin neight does it add more to bitcoin other than development, again It has given more exposure to its price where by the number of investors has increase significantly which results to what gives rise to the recent price of bitcoin even before getting halving.

Only time will tell.
Bitcoin is already a currency albeit a Digital one.
The only individuals that can be under the control of the government is those that chose to buy the ETF.
ETF approval is no way related to the government controlling the blockchain.
Consider ETFs like CEX but well regulated by the government
The good thing I can say is that ETF has created awareness and has added some level of legality in the eyes of the public.

Affect? It already has affected it.
ETFs advertise on national TV and they not only advertise the investment, but also indirectly bitcoin. Believe it or not, many people still don't know anything about bitcoin. They heard the word somewhere but never bothered since it was this Internet thing and they don't have a computer. Now that it's on TV and their pension fund is investing, they feel intrigued.
Let's not forget about people who would never buy real bitcoin but they might call their broker and tell him to get them some bitcoin through the ETF.
In future it's going to bring more of such people into the space. If you ask me, it's better if they own paper bitcoin owned by Larry Fink than not own it at all. Bitcoin exposure of at least 1% is something every single adult should consider.

The Bitcoin ETF sure seems like a huge development thats for certain.  It will probably drive up interest and prices of not just Bitcoin itself but crypto overall given it adds legitimacy in the view of everyday investors versus the niche internet crowd cryptos largely stuck with up until now.  But the prospect of growing government regulation down the road is dicey, no doubt about it.  We just dont know if lawmakers will clamp down with restrictions or how soon it may happen if so - not a whole lot anyone can do preventatively if regulations get passed ultimately.  Such is the world we live in.

ETFs do not bring Bitcoin any closer to being used as a currency, it actually encourages it to be held for extended periods of time. It will attract more potential long term holders who could not gain access to Bitcoin directly which should cause the price of Bitcoin to increase and reduce price dumps caused by panic sell offs.

Nothing can give the government more control of the Bitcoin in your wallet if you handle it using the right privacy tools.

Hello,friends
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?

-Regards