Topic: Brief information about BITCOIN ETF (Read 156 times)

that's the biggest problem though. when you buy something like Gold ETF it makes sense because you can't buy gold ingots and store them in your garage. it takes a lot of space and it is dangerous. but when we are talking about bitcoin, storing it is not a "struggle". it is in fact one of the easiest things in the world while reaching the maximum security. for example for average Joe who doesn't want to bother learning anything they can easily buy a hardware wallet which is basically a tiny USB-disk-like device and store it there. and for those who want to make an effort you can simply create an encrypted paper wallet and store bitcoin there.
this is one of the reasons why i still don't see the point of bitcoin ETF!

SEC rejected Bitcoin ETF application again. I guess at this point, we should be thankful that at least futures contracts on Bitcoin are trading.

Thanks for brief information on ETF.  Traditional market witnessed massive rise in price with ETF.  Bitcoin also will have big rise

Very good information about ETF. Very informative and sounds good for future of crypto.

The it ain't approved I think the price will dip low like $4-5K but if it goes the way we want it to be, probably goes beyond $20K. The regulations had been talked about for years already, I think its about time they approved this ETF. The money you and I have investment lies to this approval. If you have to rate from 1-10, how' the changes of BTC getting approved?

I think they will release rumors around not getting approved first creating FUD and price crash. After all their are buddies are in they will approve.
 

They got 97% positive comments from the public. I hope we will soon see Bitcoin ETF 

I am sharing here information in brief about BITCOIN ETF so that newbies and beginners will know more about ETF, BITCOIN ETF and Its effect on price of Bitcoin if the Application for the smae will be approved by the SEC.

What is #ETF ?

ETF stands for “exchange-traded fund” and describes a kind of investment fund where the price of assets like gold, stocks and oil can be tracked. These assets can then be traded on exchanges, just like conventional stocks. What this means is that investors have the option of buying and selling their holdings in this exchange-traded funds to other investors via the stock exchange.

What is Bitcoin ETF?

Basically, a Bitcoin ETF is one where the underlying asset is Bitcoin. This means that when you purchase Bitcoin ETF, you’re purchasing the cryptocurrency, albeit indirectly. This is because you’re holding the Bitcoin ETF in your portfolio and this ETF tracks the real-time price of Bitcoin. Therefore, the difference is that when you invest in Bitcoin ETF, you have the luxury of trading Bitcoins without the struggles of buying and storing it.

what is Effect on BTC ?

the application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.

When...? 10 August or Later ?

The tentative date for the SEC’s decision is Friday, August 10 — though, a 45-day extension is possible. This means that a decision should be expected no later than September 24. (Do Investment by considering it)

High Possibility ? Yes!

One major reason for last year’s rejection was that Bitcoin markets were “unregulated.” “Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated,” it explained. But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.

Knowledge shared by MG