Bitcoin ETF is finally here? - page 3.

bitbunnny

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Quote from: Onuohakk on March 11, 2019, 10:34:35 AM

This is quite a good news cryptocurrency enthusiast has actually been waiting for this sort of news for a while now.
Am very optimistic that this would improve the sector tremendously

Plenty of countries have ETFs, it won't be a big deal and I'm pretty sure this one is just investing in a mix of crypto companies and not the coin directly.

Exactly and unlike many others I don't expect some big and significant changes. Many have expectations from ETF that are not real and can't happen over night. The effect on market is yet to see but like I said I don't expect anything on a big scale or long term.

enhu

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There is not much excitements going on after is being announced today. No one seem to be panic buying. I think the idea that people can just buy certification about owning BTC isn't quite helping the market. It doesn't mean a bid in the market but just a paper. Its no wonder we lose the excitement. Countries like Russia are already making some regulations about crypto which is more exciting.

Onuohakk

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This is quite a good news cryptocurrency enthusiast has actually been waiting for this sort of news for a while now.
Am very optimistic that this would improve the sector tremendously

crwth

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As we all know, there are a lot of people trying to get Bitcoin to be an ETF. It could bring a significant impact if it happens. Knowing that it's going to start in the London exchange that you are talking about, and I think it's different from the US-SEC that everyone wants. As stated from the posts above.

If it is approved, the most awaited one, it would be a big impact since it would be a big turn point towards the cryptocurrency space and a lot of people would be more fruitful if it were to happen. As I have read from Quora, it would be a bridge towards big-time investors and the cryptocurrency.

This is the specific link where I read it: https://www.quora.com/What-will-happen-if-Bitcoin-ETFs-become-approved

dothebeats

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Quote from: Pursuer on March 11, 2019, 09:55:57 AM

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

US-based ETFs are nothing but hype trains. Due to the Wall Street being in close proximity with the ETF presenters, this becomes a huge news because institutional money is believed to have been involved in the process thus fueling the next bull run. I don't think though that ETFs alone would be an enough catalyst for the next run; it would play its part but certainly wouldn't fill all roles.

avikz

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Ok! so before it becomes cluttered with many posts, lets dive into a very important question!

The question - Is it going to be a physical ETF or a synthetic one?

To find the answer, I visited the website of Elwood Asset Management LLP and looked into their press release dated 11 March, 2019. The press release says,

Quote

The ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents. The index offers exposure to
global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the
potential growth of blockchain technology.

So from the above paragraph, it is incorrect to say the Elwood is releasing a Bitcoin ETF and the company itself says that, they are launching "Blockchain ETF". They have no plan to invest in physical cryptos in any way. Rather, they are going to invest in blockchain related businesses. So don't bank on this because no impact comes to the crypto market. Read the press release from the below link,

https://elwoodam.com/press/

Thanks!

Dreamchaser21

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Quote from: Pursuer on March 11, 2019, 09:55:57 AM

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

I agree, its the most hyped ETF but I think a progress like this can also impact the market knowing that European countries are making moves to help the market up. This is a real challenge for cryptomarket, since USA is still a big factor so therefore the project developer should do their best so the US government will finally approve the proposed ETF.

Pursuer

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Where is my ring of blades...

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

creeps

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This is indeed a good news right? ETF will be launch on London stock exchange, the most anticipated news this year the ETF!

https://www.coindesk.com/a-blockchain-etf-is-launching-on-the-london-stock-exchange-today

Do you really see a big impact for this one? Well, i do and I know a news like this will matter. More ETF to come for sure so be ready for the future pump.

Also a great qoute from the CEO of Elwood Bin Ren said: “We believe the potential for blockchain to change the global economy is greatly underappreciated in today’s market, much like the internet was in the beginning, when most people couldn’t see past its usefulness for email.”

For the past 10yrs of Bitcoin, still many are on doubt but this qoute should able you to see the true colors cryptocurrency, start taking risk and live better.

Topic: Bitcoin ETF is finally here? - page 3. (Read 554 times)