Topic: COIN ETF effect on USD/Bitcoin - page 2. (Read 6779 times)
Won't 'the whales of wall street' also be able to effectively short Bitcoin now too? I think it's going to lead to a lot more volatility.
The COIN ETF has a set number of Bitcoins (which are already procured).
The Winklevii will almost certainly be buying more coins and selling them as ETF shares. The number of shares is not limited by what they have now. So if there is investor demand (and I'm betting there will be tons), they'll be buying more coins and pushing up the price.
Some people seem to think this ETF could have a positive affect on price of Bitcoin. I'm wondering how?
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
It is just said that it will have a good effect on bitcoin price because the whales of wall street would be able to buy bitcoin in huge quantities without risking money in eastern europe exchanges.
Some people seem to think this ETF could have a positive affect on price of Bitcoin. I'm wondering how?
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
No because then people would arb between the exchange and the etf.
Ex: Buy 1000 on exchange, redeem on ETF, sell into market, make profit.
That can't ever happen (at least not for long) so it will have positive effecton btc price.
Some people seem to think this ETF could have a positive affect on price of Bitcoin. I'm wondering how?
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
The COIN ETF has a set number of Bitcoins (which are already procured). Let's pretend for a moment there is huge demand for the ETF. Wouldn't this just make the ETF trade at a premium to the exchanges? Would the tail wag the dog in this scenario somehow? Maybe some sort of arbitrage would between the two would force them into equilibrium and cause Bitcoin price to go up?
Any thoughts welcome.
Jump to: