This Bitcoin ETF is a big. The best deal. We're talking mainstream adoption, Wall Street money flowing into crypto. This is what validation looks like. ETFs, they're not just a way to buy in, they're a sign the big guys take Bitcoin seriously now. That breeds confidence, the kind that attracts institutional investors.
Now, this isnt some win just for Bitcoin holders. This ripples out to the whole economy. More investment means more jobs, more tech breakthroughs. We're witnessing a revolution in how finance works. The naysayers? They'll be eating their words soon. Bitcoin's here to stay, and its leading the charge. We're looking at steadier growth, Bitcoin becoming part of the everyday conversation. Thats not just a win, its a masive win. For those on the fence, the time is now.
Topic: The impact of Bitcoin ETF on Bitcoin and the cryptocurrency market! (Read 313 times)
March 25, 2024, 05:42:40 AM
I agree that the ETFs attract traditional investors, but I think they're getting attracted to Bitcoin ETFs specifically, not to the crypto market in general. There are talks of Ethereum ETFs, but it's unclear if they are actually going to be approved.
As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
They're actually attracted to the new "asset class" if you ask me. BUT Bitcoin being the most secure, and the most valuable in this new kind of "asset class", makes it something that gives a competitive advantage for investors and for the bank that offers Bitcoin ETF products to their clients. Banks will start to advertise "Bitcoin Products Available Here" during this cycle.
Plus if anyone mentions the word "cryptocurrency" - the first thought is usually "Bitcoin".
March 22, 2024, 10:43:01 PM
I agree that the ETFs attract traditional investors, but I think they're getting attracted to Bitcoin ETFs specifically, not to the crypto market in general. There are talks of Ethereum ETFs, but it's unclear if they are actually going to be approved.
As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
The ETF has huge positive change on Bitcoin, I can start relieving stress because my path is gradually getting clear and I'm now understanding the system, knowing when to triggered trade and also doing the bold moves. Crypto comes with different results, I'm never looking away because bitcoin is definitely among the project that would change my life. I've started to see significance and importance, no more running away but staying and facing the system.As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
March 21, 2024, 12:00:26 AM
Not true. You must have noticed how the price has been fluctuating wildly ever since the spot ETF was approved.
The impact on market price stability cannot take place immediately. It takes a long time, and we have to wait it gradually seeps into the market. This is just the beginning of the transition process, we need more time to see this.I agree. But, again, the question would be, how is Bitcoin popular? How is it accepted? If Bitcoin's popularity and acceptance are solely grounded on its being a new asset class, then that would be questionable. If this kind of popularity and acceptance flatly reject its being a legitimate money, then it might even be detrimental.
Bitcoin does not have to be a new currency to be considered popular or have universal acceptance. It is already strongly popular for any organization or country to consider Bitcoin as a storage asset alongside gold.Forget about the crypto field. It's heavily flooded with scams. Scam projects, those that are freely riding the waves of Bitcoin's popularity, indeed create jobs, but it's not worth it. The negative effects of these scams far surpass job creation. I would wish that these jobs won't be created if it means there will be scam victims all over the world.
Why do you only think of scam projects and think there is no job space for this entire market? There are still projects that are working very seriously for the development of this market, and they are still in dire need of personnel for that development. We should not judge the entire market only through those unhealthy projects. Regardless of any field, there are fraudulent projects, not just this market. In the beginning, when everything was not clear, there were a lot of scam projects, but I believe that when the market becomes mass adoption, the purification of those unhealthy projects will be much stronger, and then there will be no lots of living land for projects that do not operate seriously.We must need more time to be sure about things like better stability, less volatility but my warning is you must look at high volatility times in stock market, bank stocks and gold, oil markets to see that even in traditional markets, there are times for massive high volatility.
Hence, I really don't exclude any chance in future that Bitcoin will have big corrections.
Stock, gold or oil markets are all affected by global economic and political situations. You can see that the general situation of the world in recent years has been extremely volatile, with wars and conflicts happening everywhere, accompanied by rising inflation, so these markets are increasingly volatile is easy to understand. And so is Bitcoin, now it is also part of the global financial market, so it cannot avoid temporary fluctuations. Do you agree with me that in recent cycles, Bitcoin prices have been much less volatile than previous cycles? Partly because as the capitalization value of Bitcoin increases, it will become more difficult to manipulate the price, leading to reduced volatility.Hence, I really don't exclude any chance in future that Bitcoin will have big corrections.
March 20, 2024, 04:35:07 PM
The recent approval of Bitcoin ETFs has opened a new turning point for Bitcoin as well as the cryptocurrency market. It brings extremely positive impacts to the development of this market in the future. Let me list what those impacts include!
1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
2. The market will gradually stabilize and grow more sustainably
Before there were ETFs, the cryptocurrency market was considered an extremely volatile market, sometimes fluctuating up to several dozen to several hundred percent. This not only causes confusion for participants, but also creates extremely risky psychology for those who want to learn about this market. But when ETFs come into play, they can help mitigate this wild and volatile volatility. ETFs will provide diversification, and they are also the ones who will regulate the market, making the market more stable, reducing risks for investors.
3. Bitcoin's popularity and acceptance soars
This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin. From there, they will learn what Bitcoin is, and help promote Bitcoin to a larger number of users by chance. Besides, they will understand what it is like to use Bitcoin in daily life as well as in other fields besides the financial market, who in the past they only viewed Bitcoin as a speculative product, and only for fraudulent purposes.
4. Create more jobs related to the crypto field
The appearance of ETF funds will lead to a strong wave of investment capital flowing into the market to develop projects. The cryptocurrency market goes hand in hand with technological development, so attracting capital inflows is very easy. That opens up more space and economic potential for projects to develop, meaning they will have to expand their company scale and human resources. The labor market in the information technology industry as well as crypto has been very hot in recent years. And I firmly believe that the recruitment demand in this crypto industry will increase with the development of the market.
In short, the launch of Bitcoin ETFs I think brings a lot of positive things and opportunities to many people. This can be considered a period of transferring humanity's wealth, opening a new era for all of us. Let's find out and seize this opportunity!
1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
2. The market will gradually stabilize and grow more sustainably
Before there were ETFs, the cryptocurrency market was considered an extremely volatile market, sometimes fluctuating up to several dozen to several hundred percent. This not only causes confusion for participants, but also creates extremely risky psychology for those who want to learn about this market. But when ETFs come into play, they can help mitigate this wild and volatile volatility. ETFs will provide diversification, and they are also the ones who will regulate the market, making the market more stable, reducing risks for investors.
3. Bitcoin's popularity and acceptance soars
This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin. From there, they will learn what Bitcoin is, and help promote Bitcoin to a larger number of users by chance. Besides, they will understand what it is like to use Bitcoin in daily life as well as in other fields besides the financial market, who in the past they only viewed Bitcoin as a speculative product, and only for fraudulent purposes.
4. Create more jobs related to the crypto field
The appearance of ETF funds will lead to a strong wave of investment capital flowing into the market to develop projects. The cryptocurrency market goes hand in hand with technological development, so attracting capital inflows is very easy. That opens up more space and economic potential for projects to develop, meaning they will have to expand their company scale and human resources. The labor market in the information technology industry as well as crypto has been very hot in recent years. And I firmly believe that the recruitment demand in this crypto industry will increase with the development of the market.
In short, the launch of Bitcoin ETFs I think brings a lot of positive things and opportunities to many people. This can be considered a period of transferring humanity's wealth, opening a new era for all of us. Let's find out and seize this opportunity!
This post seems to deserve some merit, imo, sorry I don't have any to give. Yes, all of the above is true, the ETF's are a huge step forward for BTC to sustain long-term growth.
March 20, 2024, 03:22:01 PM
In short, the launch of Bitcoin ETFs I think brings a lot of positive things and opportunities to many people. This can be considered a period of transferring humanity's wealth, opening a new era for all of us. Let's find out and seize this opportunity!
Well, the best thing about ETFs and it is one of the most positive things it has done for the industry is that it has greatly boosted the adoption. Due to ETFs, people who were always afraid of investing in Bitcoin will now be able to do that through ETFs because a lot of people don't trust cryptocurrencies in general even if they find them fascinating and want to invest in them, now they have got an opportunity to do that through ETFs having more trust on them.
Though ETFs don't promote decentralization, but if some people believe more in centralized entities than decentralized ones, they should now be able to make their investments without worrying about anything.
March 20, 2024, 02:12:39 PM
I agree that the ETFs attract traditional investors, but I think they're getting attracted to Bitcoin ETFs specifically, not to the crypto market in general. There are talks of Ethereum ETFs, but it's unclear if they are actually going to be approved.
As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
As for stabilization, it's kind of supposed to work this way in theory, but so far in didn't happen, even though people expected it to happen a few times in the past. Bitcoin continues to be fairly volatile, and I'm not sure the ETFs will change it. And, again, I think it only has impact on Bitcoin, not the crypto market in general.
March 20, 2024, 01:40:05 PM
The impact of Bitcoin ETF on the cryptocurrency market, is negative. While retail investors are investing their money in Fiat to get exposure of Bitcoin, these fund houses are actually becoming the controller of a large amount of Bitcoins. Which puts them in a position to control the market. This is not good for the common Bitcoin investors like us.
We are already seeing how much manipulation is ongoing. The more corporate launch crypto related ETF, the more control they will have on the market. It will eventually put our interest out of the market.
We are already seeing how much manipulation is ongoing. The more corporate launch crypto related ETF, the more control they will have on the market. It will eventually put our interest out of the market.
March 19, 2024, 01:57:59 PM
About "attracting more traditional investors" - In merely two months, the ETFs have accumulated 1% of the total supply of Bitcoin.
https://dune.com/hildobby/btc-etfs
Many large asset managers who wanted to buy Bitcoin but didn't have a way to buy them through legacy markets can currently bid spot ETFs. Plus the largest asset managers are not sensitive in price. They're sensitive in portfolio allocation. The will allocate 3% or 5% of their portfolio and bid the spot ETFs whether Bitcoin's price is $70,000, $90,000 or $150,000 or higher. They WILL keep bidding until they meet their allocation target.
https://dune.com/hildobby/btc-etfs
Many large asset managers who wanted to buy Bitcoin but didn't have a way to buy them through legacy markets can currently bid spot ETFs. Plus the largest asset managers are not sensitive in price. They're sensitive in portfolio allocation. The will allocate 3% or 5% of their portfolio and bid the spot ETFs whether Bitcoin's price is $70,000, $90,000 or $150,000 or higher. They WILL keep bidding until they meet their allocation target.
March 18, 2024, 07:17:02 PM
The recent approval of Bitcoin ETFs has opened a new turning point for Bitcoin as well as the cryptocurrency market. It brings extremely positive impacts to the development of this market in the future. Let me list what those impacts include!
1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
I think this was really the first goal of entities that apply and been approved to handle Bitcoin ETF's. It will somewhat bring a sense of legitimacy as this is the main concern of some traditional investors. Although it's going to be still very volatile and decentralized and very technical for traditional investors, but at least this entities will give them the option for them not to worry about it. And that's what we then see there, as millions if not billions already is flowing in the market since last month and pushing the price to new all time high. And now even UK financial watchdogs is allowing crypto asset-backed ETN market for professional investors.1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
Quote
The Financial Conduct Authority (FCA) will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for cryptoasset-backed Exchange Traded Notes (cETNs). These products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets only.
https://www.fca.org.uk/news/statements/fca-updates-position-cryptoasset-exchange-traded-notes-professional-investors
So this could be the domino effect and maybe some countries in Europe could follow too.
March 18, 2024, 06:52:21 PM
Point number 1 is the main point! It will attract traditional investors. However, I wish these investors could invest directly in Bitcoin instead of doing it through ETF which is regulated as it stands against the idea of Bitcoin which is to take out that surveillance. It will help Bitcoin get more popular but again, I wish it’ll make people see that Bitcoin isn’t just about making profits but is a currency itself.
March 18, 2024, 06:16:57 PM
It has definitely brought in more money as those who were skeptical about Bitcoin ended up investing into it and it was one more step towards being mainstream but however these are only short term impact and if you ask me what would be the long term impact I would say long term impact won't be much as there may be some other similar adoption in the future which may have more impact. But so far this Bitcoin ETF has helped its price movement in a positive way.
Yes it has definitely helped the price movement to soar higher because large investors came in with big amount to buy and this causes a very strong demand. But let’s not forget that the price movement isn’t only influenced by them only but also the FOMO around the halving. Yes this market surge isn’t like the past trend but not always that history repeats itself. I feel like ETF alone didn’t play the role of this surge but information getting widespread as we grow into the space also played its part
March 18, 2024, 04:55:17 PM
Bitcoin ETF can exist in possibility to brings more cash to the Bitcoin market ,to make more easier of capable of producing price discovery ,attract investors from various countries ,and can reduce price volatility ,when you have an upward flow of various institutions participating during investment . It gives investors the opportunity to be aware of the price movement of Bitcoin without really having an asset itself .
When Bitcoin ETF increases the demand for Bitcoin, it makes more investors to easily be involved in the market and because of its scarcity and high demand will definitely increase its price.
March 18, 2024, 03:47:43 PM
3. Bitcoin's popularity and acceptance soars
This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin.
This factor fits best in the current situation we are in, by we I mean my country. Because in my country crypto is banned, and we have taken a lot of debt from the IMF, and which means our government has to accept IMFs conditions as well, in the financial sector only. And now recently IMF asked our government to put a taxation on the crypto sector as well. This means our government has to agree with them and in order to do so, they have to lift the ban on crypto as well. This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin.
This means there will be more adoption as well because when the crypto ban is lifted more Pakistanis will join crypto and invest more funds in it, although in my opinion, the time to lift the ban is not right because crypto is already on top, and lifting the ban and streamlining the adoption at this time will only serve the purpose of bringing newbies money into the market which then will be used as liquidation to exit the market for old comers.
March 18, 2024, 03:14:58 PM
It has definitely brought in more money as those who were skeptical about Bitcoin ended up investing into it and it was one more step towards being mainstream but however these are only short term impact and if you ask me what would be the long term impact I would say long term impact won't be much as there may be some other similar adoption in the future which may have more impact. But so far this Bitcoin ETF has helped its price movement in a positive way.
They're relying more with the institutions than of those that are longer in the market. They believe that they should be the trendsetter and that's why when the ETFs for Bitcoin spot has been approved. That had given them the signal.While value wise, we saw the effect of it for Bitcoin and that has also helped to gain trust. But they need to understand that they're not directly investing to Bitcoin.
They can do that to their own but instead, they're allowing these institutions to do it for them.
March 18, 2024, 01:39:36 PM
It has definitely brought in more money as those who were skeptical about Bitcoin ended up investing into it and it was one more step towards being mainstream but however these are only short term impact and if you ask me what would be the long term impact I would say long term impact won't be much as there may be some other similar adoption in the future which may have more impact. But so far this Bitcoin ETF has helped its price movement in a positive way.
March 18, 2024, 10:35:52 AM
A successful Bitcoin spot ETF (Exchange-Traded Fund) could have a significant impact on the cryptocurrency market. It could increase the accessibility of Bitcoin to a wider range of investors, which could lead to increased demand for Bitcoin and potentially drive up the price.
I won't say it's successful, they're still new, just like a shitcoin listed on centralized exchange and people will buy it which make the shitcoin reach ATH. But after few weeks or months, the price will drop significant and many shitcoin become dead coins, so we need to wait until ETFs are nothing new anymore. Moreover ETFs haven't cross bear market, so we don't know what they will do in that situation. 
March 18, 2024, 10:15:50 AM
The recent approval of Bitcoin ETFs has opened a new turning point for Bitcoin as well as the cryptocurrency market. It brings extremely positive impacts to the development of this market in the future. Let me list what those impacts include!
1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
2. The market will gradually stabilize and grow more sustainably
Before there were ETFs, the cryptocurrency market was considered an extremely volatile market, sometimes fluctuating up to several dozen to several hundred percent. This not only causes confusion for participants, but also creates extremely risky psychology for those who want to learn about this market. But when ETFs come into play, they can help mitigate this wild and volatile volatility. ETFs will provide diversification, and they are also the ones who will regulate the market, making the market more stable, reducing risks for investors.
3. Bitcoin's popularity and acceptance soars
This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin. From there, they will learn what Bitcoin is, and help promote Bitcoin to a larger number of users by chance. Besides, they will understand what it is like to use Bitcoin in daily life as well as in other fields besides the financial market, who in the past they only viewed Bitcoin as a speculative product, and only for fraudulent purposes.
4. Create more jobs related to the crypto field
The appearance of ETF funds will lead to a strong wave of investment capital flowing into the market to develop projects. The cryptocurrency market goes hand in hand with technological development, so attracting capital inflows is very easy. That opens up more space and economic potential for projects to develop, meaning they will have to expand their company scale and human resources. The labor market in the information technology industry as well as crypto has been very hot in recent years. And I firmly believe that the recruitment demand in this crypto industry will increase with the development of the market.
In short, the launch of Bitcoin ETFs I think brings a lot of positive things and opportunities to many people. This can be considered a period of transferring humanity's wealth, opening a new era for all of us. Let's find out and seize this opportunity!
A successful Bitcoin spot ETF (Exchange-Traded Fund) could have a significant impact on the cryptocurrency market. It could increase the accessibility of Bitcoin to a wider range of investors, which could lead to increased demand for Bitcoin and potentially drive up the price. Additionally, a Bitcoin ETF could help to legitimize Bitcoin as an investment, which could help to reduce some of the perceived risks associated with investing in cryptocurrencies. However, it's important to note that the impact of a Bitcoin ETF on the cryptocurrency market is difficult to predict, and there are many factors that could influence the price of Bitcoin in the long term. The demand for Bitcoin through ETFs can influence its price. If there is a surge in demand for the ETF shares, it may lead to increased buying pressure on Bitcoin, potentially driving up its price. Conversely, if there is a sell-off in the ETF, it might result in downward pressure on Bitcoin prices.1. Attracting traditional investors
The EFT Bitcoin Fund is like a certificate proving the legitimacy of this market. It helps traditional investors alleviate concerns about the legitimacy of this market. They boldly pour capital into this market through ETF funds, and this is not a small and extremely stable source of capital for the market. It will create a good premise for countries that previously banned or did not support Bitcoin to become more open in the near future.
2. The market will gradually stabilize and grow more sustainably
Before there were ETFs, the cryptocurrency market was considered an extremely volatile market, sometimes fluctuating up to several dozen to several hundred percent. This not only causes confusion for participants, but also creates extremely risky psychology for those who want to learn about this market. But when ETFs come into play, they can help mitigate this wild and volatile volatility. ETFs will provide diversification, and they are also the ones who will regulate the market, making the market more stable, reducing risks for investors.
3. Bitcoin's popularity and acceptance soars
This is quite obvious when the major US ETFs were approved, which brought huge worldwide attention to Bitcoin. From there, they will learn what Bitcoin is, and help promote Bitcoin to a larger number of users by chance. Besides, they will understand what it is like to use Bitcoin in daily life as well as in other fields besides the financial market, who in the past they only viewed Bitcoin as a speculative product, and only for fraudulent purposes.
4. Create more jobs related to the crypto field
The appearance of ETF funds will lead to a strong wave of investment capital flowing into the market to develop projects. The cryptocurrency market goes hand in hand with technological development, so attracting capital inflows is very easy. That opens up more space and economic potential for projects to develop, meaning they will have to expand their company scale and human resources. The labor market in the information technology industry as well as crypto has been very hot in recent years. And I firmly believe that the recruitment demand in this crypto industry will increase with the development of the market.
In short, the launch of Bitcoin ETFs I think brings a lot of positive things and opportunities to many people. This can be considered a period of transferring humanity's wealth, opening a new era for all of us. Let's find out and seize this opportunity!
The existence of regulated ETFs may contribute to the perception of maturity in the Bitcoin market. This could attract a more risk-averse set of investors who were previously hesitant to enter the cryptocurrency space due to concerns about security, custody, and regulatory issues. The regulatory approval of Bitcoin ETFs can signal a more favorable stance towards cryptocurrencies from regulatory bodies. This increased regulatory clarity can encourage more institutional participation and investment in the cryptocurrency space. It's essential to note that the impact of Bitcoin ETFs can vary, and their influence on the market is subject to several factors, including regulatory developments, investor sentiment, and overall market conditions.
March 18, 2024, 06:20:55 AM
The green light for Bitcoin ETFs is a game-changer, bringing a ton of good stuff to the crypto world. First off, it reels in old-school investors, making them feel comfy about diving into the market. That means more cash flow, which is great plus ETFs smooth out the crazy ups and downs, making the market less of a rollercoaster. With big names getting behind Bitcoin, it's bound to become even more mainstream, sparking curiosity and adoption. And hey more investment means more jobs in the crypto scene which is awesome. Bottom line is that Bitcoin ETFs open up a whole new world of opportunities so lets ride this wave
March 18, 2024, 04:00:39 AM
2. The market will gradually stabilize and grow more sustainably
Bitcoin ETF in the US is still young so we can not certainly state that it will bring stability to the Bitcoin market. These institutional investors are indeed buying more coins thereby but it might be difficult for them to manipulate or make the market stable. They might be able to cause FUD or FOMO but the market will always correct itself. We have to wait and see how things will play out in a few years.
Quote
3. Bitcoin's popularity and acceptance soars
That's true, many people would have never invested without these big ETF providers. These institutional investors have enough funds for advertising which will lead to more Bitcoin awareness and even adoption. But the effect is that they are introducing people to centralisation.Quote
4. Create more jobs related to the crypto field
Most of these jobs will be mostly created in the US however virtual crypto jobs could spill over to other countries. I just hope that other countries will approve ETF so that jobs will be created.
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