Topic: Bitcoin ETFs - Good or Bad? - page 3. (Read 817 times)

From what you have described, of course this is not a good thing to do. If there are some parties who control large amounts of Bitcoin, of course this will have a bad impact later. I think let Bitcoin run its course. There are no NFTs, and no control over Bitcoin.
Personally, I hope the spirit of Bitcoin is as it was developed before. This Bitcoin value or price increases slowly, not because it is forced.
Maybe many people have experience here, and realize what happens if a coin increases in price because it is forced. Today the price soars high, the next day it will be criticized.

Like the first commenter said, what ever has an advantage sure has a disadvantage and vice visa, and coming to whether bitcoin ETF is good or not, sure thing, there are a lot of disadvantages as already listed by the op, but have we also looked at the advantages? One of it being that bitcoin is now legal in the USA, and US citizens can now invest in bitcoin through the ETF.

Personally, I feel that without bitcoin ETF being approved, bitcoin may struggle to gain adoption as we all want, and this is because, lots of countries may continue to place ban on bitcoin prohibiting citizens of that from buying or transacting in bitcoin, but right now the ETF have been approved by the US security and exchange commission, the whole wide world should now see and believe that bitcoin is legal and not a scam as many think or thought.

You and I know that the system is so designed in such a manner that nothing survives without approval from the big government.

Man, Satoshi Nakamoto himself created the bitcoin to avoid being regulated by the government. He is an anarchist and a free market advocate.

You should read his posts and e-mails.

And we should expect Bitcoin to change the entire centralization of the world created by the big government.

For me, a bitcoin ETF would make bitcoin practical for widespread adoption, but of course governments would try to make an effort to regulate institutions that file ETFs, going against the grain decentralization of bitcoin, in which case the ETF will be more or less influential. But any ETF issue will have its advantages and disadvantages, how the market will adapt and reflect subsequent needs, including how the regulations will be met by the market. Personally, I think that ETFs have many advantages in terms of sustainability for bitcoin in the future.

Small answer to this small question!

ETF is good for Bitcoin but companies like blackRock or Vanguard are harmful. The amount of money these companies control, it gives them enormous power to manipulate the Bitcoin market as per their wish. Can you see what is happening in the market now?

Everyone expected Bitcoin to reach 50000 once the ETF is approved. But in reality the price has dropped down which gives these big corporates the power to purchase more Bitcoins so that they can create a dominance in the market. A lot of drama is yet to be unfolded.

Probably Bitcoin ETFs approval is good side with many investor have large expected waiting for this announcement, but behind ETFs bitcoin approval have bad side with bitcoin price suddenly dump almost one week after approving bitcoin actually drop drastically.
Since first time ETFs bitcoin approval bitcoin can get raise most highest price but its not hold for longer time before bitcoin going drop lower price again. In my opinion, ETFs approval is bad side make bitcoin can't stable on higher price and failed break out above $50k for this month with potential almost close few percent left. Have bad side with ETFs approval looking for current bitcoin price, although many people celebrate after ETFs approval but face the truth with bitcoin drop drastically.

You need to remember one thing that we live in a centralized world and the government is the one who controls this world. ETFs or regulations are inevitable, what we need is to adapt to them. Do you have any way to combat or prevent these things from happening ? No, we can't do anything but complain and grudgingly accept it . So I think instead of complaining and not being able to change the problem, we should adapt to things.

Bitcoin is decentralized but people have forgotten that our world is centralized and bitcoin is just a small part of the world , don't expect it to completely change the world to our liking.

There is no way to control it, the market is dictating the trend of bitcoin, it is now digital gold, using it as everyday money is difficult, after all, if you have dollar and bitcoin, are you going to spend the bitcoin and keep the dollar? It makes no sense to accumulate a currency that will only lose value.

The whales have been keeping an eye on this for years, they are always one step ahead.

I see only positive things in the fact that Bitcoin has attracted the attention of such big players. Even before them, there were whales who sought to concentrate a large number of bitcoins in their hands, and if this trend continues, it will only lead to an increase in bitcoin prices. Bitcoin is becoming an asset that people want to own not for making daily payments, but as an investment. I don’t know if this is good or bad, maybe Satoshi didn’t want this, but we won’t be able to influence this in any way now, natural processes for the market are happening.

But it doesn't mean we should make a bad thing becomes worse, no one can stop whales and institutions to buy Bitcoin in large amounts, but having more regulation or any other centralized forms make the situation gone worse.

Many people want to attack Bitcoin e.g. censoring dirty Bitcoin, ordinals inscriptions, tightening KYC laws and whales want to own large share of Bitcoins. But fortunately, no one can ever stop Bitcoin by using these threats.

Bitcoin ETF is for me a good thing because it will possibly lure more potential investors that was previously hesitant and doubtful when it comes to acquiring this decentralized asset. The idea of SEC approval on Bitcoin ETF will possibly trigger a massive adoption on Bitcoin in the near future.

All things have two sides, good and bad. Things that work for the benefit of people are marked as good and things that work for the detriment of people are marked as bad. ETFs have some good things and bad things but people expressing their personal opinion helps people to accept the benefit. Whether Bitcoin ETFs are good or bad depends on the investor's goals and perspective. Its advantages and disadvantages are discussed based on different perspectives:

1.ETFs offer the highest growth avenues to sell or sell, to provide a differentiator for average investors.

2.ETFs are regularly monitored, which can help provide a sense of security to investors and reduce the risk of fraud or fraud.

3.ETFs are exchangeable stocks and are an easy option for investors in the traditional financial markets.

4.ETFs can hold different crypto currencies or asset portfolios, to provide investors with a diverse experience within the crypto space.

Disadvantages of Bitcoin ETFs:
Investors in Bitcoin ETFs rely on the fund's manager and the underlying exchange. If any of these parties face problems, it can affect the value of the ETF. All funds may be blocked.

IMO, ETFs indirectly influence bitcoin's decentralization. SEC approves 11 Bitcoin spot ETFs, now waiting for what will happen next.

Not only people on this forum consider bitcoin an investment rather than a currency, but even all of the bitcoin community now considers bitcoin an investment. I also regularly participate in discussions on social network X or reddit, I have never seen any discussion about bitcoin being a currency. Most of them only talk about investment, profits, price of bitcoin...

I agree with you, ETFs are a good thing because even without them, we cannot stop whales and institutions from buying bitcoin in large quantities. Once bitcoin becomes more popular it will certainly become more centralized, that is inevitable and it is not ETFs that make bitcoin more centralized.

No body would want that but still we can't tell anybody what to do with their Bitcoin. For there to be a good side there has to be a bad side, and for the good to be appreciated the bad has to be present so by the time they lose their assets due to hack for storing their Bitcoin on centralized platforms, they'll learn of self/Non custodial ways of storing Bitcoin and that'll make them to pick interest in owing Bitcoin and not buying Spot EFT that they don't have control over.


Bitcoin can be both, Bitcoin being a currency isn't happening anytime so if we're been honest with ourselves but that doesn't mean it won't happen in the future. To keep the spirit of adoption going, Bitcoin been accepted as a commodity is a welcome development because that'll help us reach to other audiences that'll all add to the popularity of Bitcoin and from there we can move forward.


The whales can only manipulate the market for a short period, and by the way if the whales want to manipulate the market they can do that without the Spot ETF, controlling the media is enough power to manipulate the market as the market is being influenced by the media with the spread to fud but all this have temporary effect on the market.

Let me try answering the questions.

My opinion is irrelevant. If another person wants to lock their bitcoin in a centralized platform, then who am I to tell him do otherwise? I'd rather want from the overwhelming majority to respect self-custody, but it is part of the Bitcoin spirit to respect freedom of choice as well.

Again, what I want is irrelevant. However, if my opinion holds even the slightest value, I prefer to allow each individual to determine for themselves the optimal perspective on Bitcoin. ETFs will definitely not destroy Bitcoin as currency, same as with any other centralized platform.

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The following quoted sentences are not questions, so I guess I have to comment them.

As it already happens with centralized exchanges.

As it already happens.

Pseudo-anonymity is the last thing an investor will look when buying an ETF. Nonetheless, it won't affect Bitcoin's pseudo-anonymity in the slightest.

The Bitcoin network has long been congested without any ETFs. We've been at 30-100 sat/vb months now, before ETF was approved. There are countless of reasons why there will be on-chain transactions.

You have raised some very good points. With ETF approval, the price and adoption of BTC will increase, and so will the centralization and regulatory checks. The anonymity of BTC holders is also in question.
I think we can not do much about this. Our only option is to hold whatever BTC we have and wait for the right moment.

Let me explain to you to eliminate any confusion. I am not trying to STOP anyone from creating any centralized platform, where they remove bitcoins from circulation, because that cannot be done. I am highlighting the "dangers" that these actions has on the rest of us that own bitcoins.

Do you understand that Bitcoin removed from circulation has a direct impact on the future of this technology? The whole incentive for Miners to mine are built around a reward system (Block reward + Miners fees) ... so with every Halving, the Block reward are significantly reduced and at some stage it will be so small that "miners fees" have to step up to replace it. So, Miners fees are generated when people pay for on-chain transactions and if a significant amount of bitcoins are locked in centralized (ETF) platforms like this, then miners will not have an incentive to mine.

Centralized ownership of coins also create "whales" and whales have significant power to manipulate prices. The ETFs are just one of the investment options, we will see other options popping up like mushrooms soon.

There are still a lot of people out there that are supporting this technology, because they were burnt by the Fiat system. (They want an alternative payment option that are not controlled by centralized Fiat whales) Unfortunately some people are so blinded by greed, that they are blinded by the dangers that this is bringing to this technology.

This forum is a place where we discuss topics from all angles, no matter if it is something that you do not believe it.  

It's not like Bitcoin has been doing great as a currency, and now, suddenly, the ETFs are killing the vibe. It's quite clear from this forum that people largely view Bitcoin as an investment, as something to hodl, not actively spend. The ETFs just provide a more traditional and more centralized way of doing that. Those who care about Bitcoin's decentralization will keep their coins and will keep using non-custodial wallets. But traditional investors can be drawn to Bitcoin ETFs, and this can basically create some new demand.
Ultimately, I think it's a good thing because it helps Bitcoin's reputation, making it look more legitimate. I don't think institutional investors will be able to take Bitcoin under their control this way.

Hello mate! I do not have any grudge against you and neither I am attacking you or your thread. What I have written earlier is what I noticed and checked with your past posting. What I still do not understand is why are creating a topic that is not your forte, what I do understand is that you are not happy about Bitcoin ETFs. My question to you is can you stop them? Next, Hongkong will be coming out with a Bitcoin ETF again my question to you is can you stop them?


Buying Bitcoin ETF does not mean that those buying are getting Satoshi, they are only subscribing to paperwork and they won't get anything. Depending on how Bitcoin performs they would be earning USD and nothing else. Where did you come up with the theory of centralization of Bitcoin? Wherein Bitcoin itself is decentralized as you do not have an understanding of what is exactly Bitcoin ETF means in the practical sense. Let me explain to you what is happening and why it is happening.

Financial institutions were against Bitcoin from the day it got hyped after 2017. They were always negative about it as they felt the threat and knew it would destroy their ongoing scam of fiat currency. To stop that they tried their level best by creating a negative image of Bitcoin before the pandemic. Post-pandemic everyone knew why Bitcoin was good for them and that was one of the reasons apart from institutional investors a lot of money came from personal investors.

These guys as in the financial institution in 2022 understood, how much profit they could generate for themselves if Bitcoin could be made a legal investment option. That is why they came up with ETFs and you cannot stop them, but you can only smile at them as they are now going to buy Bitcoin from the market and eventually promote Bitcoin through their investment and advertisements on Bitcoin.

This could be a big problem right here. Everyone was "clueless" at the start of their Bitcoin adventure, so if ETFs are to take over all the clueless investors, the community will be shrinking.


The dump after the approval was somewhat expected, it's just speculators "selling the news" and the approval was already priced in before it was announced. Some hotheads expected real fireworks in the first days, but we'll have to be more patient as the positive effects will be spread over time.