Topic: Bitcoin ETF, what is it really? (Read 493 times)
bitcoin ETF is important in my opinion because with that news might make people sure to invest in bitcoin and it will definitely be big news this year and prices will rise again if it is approved.
. The ETF is not needed to progress the technology behind cryptocurrencies, blockchain. we don't need the bitcoin ETF. We just eagerly waiting for the strong market.your dlive video always perfect and very important every steemians.
In the long run, it is definitely good.
ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market.
ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market.
Though we saw a lot of bitcoin etf proposals rejected by the SEC last month alone (which includes Direxion, ProShares & GraniteShares), we are still hopeful that among strongest contender, Van Ack Solid X Bitcoin ETF, will see the light soon.
And with the US SEC suspending the trade of Swidish Bitcoin investing instrument (Bitcoin Tracker One), there's a lot of speculation that they seem to be clearing the air for an upcoming approval of a US approved bitcoin ETF.
Let's just hope that the proposals under review as of the moment comes strong against SEC's worry of price manipulation.
In the long run, it is definitely good.
ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market.
ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market.
Favoring of ETF is more essential to unite Bitcoin in the standard market, it isn't hard to put straightforwardly in Bitcoin with a little report, maybe pull in more institutional cash and bring individuals who are as yet suspicious of this market for the diversion
Hi there Fmradio98! Indeed, the bitcoin ETF will be an essential tool for growth. And you said it rightly, the strongest contender right now for the Bitcoin ETF approval is targeting institutional investors mainly. Though it is demeaning of what ETF is supposed to be (no minimum investment), it somehow is sound to have institutional investor's minimum cap to ensure that there are big players in the ETF game.
Though not yet clear with the proposals at hand, i do hope that interested individuals can still bank on bitcoin etf once approved.
Favoring of ETF is more essential to unite Bitcoin in the standard market, it isn't hard to put straightforwardly in Bitcoin with a little report, maybe pull in more institutional cash and bring individuals who are as yet suspicious of this market for the diversion
Thank you for sharing with us. Bitcoin ETF is indeed a good platform to create a sense of security for investors and Bitcoin assets, I think this will attract many new investors who enter the industry because of security. because everyone also knows that attacks hacking are still a frightening specter for some Bitcoin holders.
The pleasure is mine Crimbit. It is actually nice to share and discuss with you all.
And yes, that sense of investment security with Bitcoin ETF is an important factor that can bring more potential strength to the bitcoin economy. And SEC delaying the approvals to scrutinize the ETF proposals is only sending a positive vibes to interested investors as SEC wants to make sure that safeguards against fraudulent activities are in check.
Thus, i am hopeful that the first Bitcoin ETF will really have a good impact for the crypto economy and is set to be secured.
I think that this whole undertaking is another reason for manipulation in the market and an excuse for the price to increase bitcoin
Hi Maxilopez! I understand your concern.
And that is why SEC getting involved here is a really good thing. Remember that they disapprove of Winklevoss Twins' Bitcoin ETF over fears of price manipulation. This governing authority really works hard on their homework. That's why many experts view the delay of Bitcoin ETF approval a really good thing as SEC tries to scrutinize every Bitcoin ETF proposal they encounter.
And it is notable to mention that SEC declares they are not hostile against Bitcoin but could not stamp their approval if they are skeptic of the arrangements declared on the proposal of Bitcoin ETF.
Read more of the article here http://fortune.com/2018/07/26/bitcoin-etf-sec/
The news of Bitcoin ETF has taken center stage for the past months, but what is it really? And what good will it do to crypto users?
To shed a little bit of light, ETF is an acronym for Exchange-Traded Fund. It is a passive investing instrument that has an underlying asset, and in the case of Bitcoin ETF, bitcoin is the underlying asset.
Why ETF? Primarily, ETF does not require professional trading skills unlike others such as mutual funds. You need not be a professional trader. It has a low operating expenses with no investment minimums. Thus, everyone gets to invest on Bitcoin ETF easily.
Will Bitcoin ETF split the Bitcoin economy into two? Well, as stated earlier, Bitcoin is the underlying asset of Bitcoin ETF, thus, investing and trading on Bitcoin ETF will only strengthen bitcoin itself.
Then why not invest and trade on bitcoin alone? With Bitcoin ETF, one need not bother about technicalities that involves safe keeping of your digital asset. All is taken care of plus the fact that your asset is moving on a busy market along with other popular ETFs.
Lastly, i do believe that Bitcoin ETF is another gear towards cryptocurrency adoption which is really really good for the entire crypto economy.
What are your thoughts?
Thank you for sharing with us. Bitcoin ETF is indeed a good platform to create a sense of security for investors and Bitcoin assets, I think this will attract many new investors who enter the industry because of security. because everyone also knows that attacks hacking are still a frightening specter for some Bitcoin holders. To shed a little bit of light, ETF is an acronym for Exchange-Traded Fund. It is a passive investing instrument that has an underlying asset, and in the case of Bitcoin ETF, bitcoin is the underlying asset.
Why ETF? Primarily, ETF does not require professional trading skills unlike others such as mutual funds. You need not be a professional trader. It has a low operating expenses with no investment minimums. Thus, everyone gets to invest on Bitcoin ETF easily.
Will Bitcoin ETF split the Bitcoin economy into two? Well, as stated earlier, Bitcoin is the underlying asset of Bitcoin ETF, thus, investing and trading on Bitcoin ETF will only strengthen bitcoin itself.
Then why not invest and trade on bitcoin alone? With Bitcoin ETF, one need not bother about technicalities that involves safe keeping of your digital asset. All is taken care of plus the fact that your asset is moving on a busy market along with other popular ETFs.
Lastly, i do believe that Bitcoin ETF is another gear towards cryptocurrency adoption which is really really good for the entire crypto economy.
What are your thoughts?
I think that this whole undertaking is another reason for manipulation in the market and an excuse for the price to increase bitcoin
The approval of the ETF is more important to consolidate Bitcoin in the mainstream market, it is not difficult to invest directly in Bitcoin with a little study, perhaps attract more institutional money and bring people who are still suspicious of this market for the game.
Nice break down you have done here about the bitcoin ETF.. And i do agree with you that this will go a long way I strengthening the bitcoin and in turn the whole cryptocurrency world. A very good development i must say.
Yes, you're right it does not directly affect the price of bitcoin. But bitcoin ETF gives BTC recognition in the circle of economists, and for small investors it's not just words, but an indication to action - it's time to buy bitcoin on all money! IMHO
The ETF might be nice for people who do not want to hassle with the storage risks and technical know how of managing a
Bitcoin wallet, but the problem is that these people will never actually own the bitcoins. We always say, if you do not own the
Private key, then you do not own the bitcoins. In a ETF, the stock exchange or financial institution owns the bitcoins.
Bitcoin wallet, but the problem is that these people will never actually own the bitcoins. We always say, if you do not own the
Private key, then you do not own the bitcoins. In a ETF, the stock exchange or financial institution owns the bitcoins.
The ETF in my opinion will be another access route or altogether novel platform to solidify and open up the crypto space to both new entrants and old time jugglers. Considering the capacity of the bitcoin since 2009, it will only be a matter of time before the immense and all round benefits begin to appear to participants and markets in general.
Tomorrow, on August 23, the SEC will make a final decision, let's see how things will develop tomorrow )
Hi there baranovskaeirina! I though the decision is delayed till next month (September)? It's great to know that we are expecting a decision by tomorrow itself. Hoping the SEC's deliberation will be in favor of finally approving the Bitcoin ETF and i hope they have place effective safeguards for everyone to truly benefit from this investing instrument.
It would be lovely if you could share with us the news link on the Aug 23 scheduled decision of SEC. My many thanks in advance.
I think that this is an opportunity to grow well for the market and finally finish this long period of correction
ETF’s and Bitcoin are a very useful tool to anyone’s portfolio. It allows people to enter market sectors that they see fit, but who also do not want to take the time to research a particular company within that sector.
Bitcoin is also invested in, but I would tend to think large banks and investment funds are not as interested in Bitcoin as they might be with ETF’s. Bitcoin is a reliable investment, but that does not mean it isn’t volatile, which some people stay away from. Bitcoin is invested by retail traders, which are people who trade for themselves.
Bitcoin is also invested in, but I would tend to think large banks and investment funds are not as interested in Bitcoin as they might be with ETF’s. Bitcoin is a reliable investment, but that does not mean it isn’t volatile, which some people stay away from. Bitcoin is invested by retail traders, which are people who trade for themselves.
ETF shareholders do not own these assets directly, but instead own the ownership of ETF shares, which makes bitkoyn, etc. More diverse than investors in ICO programs.
ETFs are like a passport to legitimize Bitcoin to help investors trust him. Many investors believe only in what is protected by law, and many investors now assume that if bitkoyn passes, ETF will rise again.
ETFs are like a passport to legitimize Bitcoin to help investors trust him. Many investors believe only in what is protected by law, and many investors now assume that if bitkoyn passes, ETF will rise again.
Tomorrow, on August 23, the SEC will make a final decision, let's see how things will develop tomorrow )
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