Topic: The impact of Bitcoin ETFs on market and Top Exchanges. (Read 283 times)

huh???

I'm sorry pooya but you're just plain wrong. First off I think the person was talking about the ETFs themselves, not just the event of approving them. And of course with hundreds of millions of dollars flowing into Bitcoin through the ETFs five days a week, it is have a large positive impact on the value of Bitcoin.


And yes of course the ETFs are an easier way for lots and lots of people to get exposure to Bitcoin. There are many millions of people who ONLY invest through traditional finance firms. And just in general there is a ENORMOUS amount of money in the traditional finance/investment system (aka Wall St) that is only allowed to invest in financial products in that system. So while for individuals they of course always could have gone to a crypto exchange to buy Bitcoin, many didn't want to because they only trust investing through the financial firms they are used to, and now they can buy Bitcoin ETFs in the same way they invest the rest of their money. And then there is the second part I mentioned, the money that isn't allowed to leave the TradFi system. Retirement accounts for example can only buy things in the TradFi system. Many funds are only allowed to buy things in the TradFi system, or at least would have to change their rules to buy something outside the system, like Bitcoin. So for probably the majority of peoples', companies', and investment funds' investable money in America, Bitcoin ETFs are either the easier or more comfortable choice, or the ONLY choice to get exposure to Bitcoin.

I mean I know you understand that because you even said it is "useful for those who don't want to leave the centralized world" aka the TradFi world. And most of the investable money in the US already exists in the TradFi world. ETFs open up Bitcoin to that money. Don't let the fact that you are a bitcoiner blind you to the fact that most investable money is in the Wall St system and isn't going to leave that system. Bitcoin ETFs are a bridge for TradFi to get into Wall St. It might be a "terrible way" for you personally, or for me personally, because we already buy and own bitcoin directly so we have no need of the ETFs. But for most money in the US the ETFs are the best and sometimes only way they will gain exposure to Bitcoin.

And I, for one, am not going to complain that ETFs opens up an enormous new market for Bitcoin investing that'll bring in tens of billions, and probably eventually hundred of billions of dollars into Bitcoin, sucking up supply and making the bitcoin we own far more valuable, which will of course lead to even more people learning about Bitcoin and spread its adoption because the price rising is always the thing that gets people starting to learn about Bitcoin, cuz everyone wants to make money. "Number Go Up" is the enticement to get people to learn about the fundamental values (the non-price value) of Bitcoin. ETFs are a huge benefit to Bitcoin's "Number Go Up".

The Bitcoin ETF approved really create a big impact in the cryptocurrency market, where Bitcoin halving has not been occur, but Bitcoin Bull Run uptrend has started pumping before the Bitcoin halving to occur and Bitcoin have pump massively because of ETFs. Hence the price of Bitcoin after having occur, will be incredible, from the previous history of Bitcoin price.

Your link are directing me to no specific post. Maybe I don't understand.
And every page of my posts? You are wrong about that. Indeed that I often type it as some have said. But not in everypage of my posts. I actually ignores a lot of complaints about me here cos I have better
I know what im gonna do now.
Anyways, thanks for the corrections

The good thing about this is most people are not in doubt anymore about whether Bitcoin is real or a high-tech scam to manipulate people into buying some assets that are not tangible. rather everything has been changed because of the ETF's approval and they also gonna make some new statements regarding it especially those countries that are still in doubt about it. it changes positively and clears all misunderstandings and confusion regarding Bitcoin investment. Let's see what happens next after this since it has reached this far, I wonder how it will be used by countries that are struggling with their economies because this is not imagination anymore rather it's real and they wish they had been accumulating bitcoins all these years.

Yes, but the word Bitget is present on every page of your posts, which is not normal.
I searched for it here

https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=120
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=100
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=80
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=60
https://bitcontalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=40
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=20

this is not a normal behavior for an account that wants to discuss, not promotion

Probably not only the exchange. And If I mention Binance 40 times in 40 post, it's not shilling. Well, people tends criticise higher levels not low ones. And I'm not here to convince anyone. Everyone is free to think the way they want. It's a free world anyways.
Apart from this, I've also seen a lot of accusations even with my first post on this forum. So it's not a new thing me!

I think there will still be something this for some time.
I saw news on twitter about Vanguard blocking clients from buying Bitcoin ETF. So I think we still have more nails to put on the coffin.

If you ask me how the magnitude of the impact of the ETF approval would look like? I would say it's going to be huge and we are yet to see the beauty of this digital gold. Not yet late to ape more so I would say aye to aggressive buying.

I think the impact of the spot ETF is already been felt but could only get better in the future. BTC was trading around $40k or so when the approval was made and in less than 3 months of approval, we can all see what is happening with BTC now above $60k and halving is still around the corner. Lots of institutional adoption is also taking place not forgetting individual adoption. As regards the trust about CEX, I think they still plays a great role in the industry an we have seen a couple of them adhering to government regulations to ensure users have absolute trust in them.

They are potential problems in this market. Not all bitcoins and cryptocurrencies in their treasuries are from their own money but majority of these assets are from their customers. They only play as custodians for their users and have to secure their vaults to avoid hacks. They also must handle those assets carefully and don't use those assets wrongly like Sam Bankman-Fried and FTX exchange.

They can improve their reports and audits to customers but like Tether company, there are always doubt about those companies and their actual reserves.

There are tons of people here that use on exchange but I don't remember one that mentioned his exchange 23 time sin his last 40 posts!
If this ain't shilling the god knows what it is!


So can we finally put the final nail in the coffin on all those theories:
- The US is afraid of Bitcoin replacing the dollar
- The US government hates bitcoin
- Wallstreet and banks are afraid of Bitcoin and they will try to destroy it
and all those tinfoil theories?

.
Bitcoin exchange-traded funds (ETF) do not give options to withdraw funds for a specific period of time right? Or no options to withdraw funds at all?





I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use. And I research, read news and try to know more about them everyday than other exchanges. So, I mostly prefer to include what I know in my posts or conversation just like anyone would love to do.
I was a Binance user till I have issue with the exchange and can't use it anymore, but I still mention it once a while.. I've not been able to enjoy OKX to my taste and I still mention them too. So people who wanna ignore are free to do so. Moreover, I never try to force anyone here to signup on the exchange. We all have our opinions and Im not really bothered about what anyone think of me, so far I'm not having any bad intention or trying to harm anyone in anyway.

Impact of Bitcoin ETFs has been significant on BTC and crypto prices. No doubt about that. No sane person would disagree.

I think it's same with Futures and spot Trading on normal exchanges also because according to Google, Spot ETFs offer a simpler and more "pure" bitcoin investment experience, mimicking its price movements directly, while futures-based ETFs may be more complex with potential tracking errors and basis risk, impacting investment returns. That means one can liquidiate with Futures ETF but not with Spot.. This means there is still more to come for Bitcoin.
Do you trade futures?

Bitcoin exchange-traded funds (ETFs) do not give you the option to withdraw Bitcoin while crypto exchanges do, in addition to the limited ability to use ETFs for retail traders compared to those who can use crypto exchanges.



Again Bitget, I hope you stop mentioning them in most of your posts, we will start ignoring you.

So there will be more people looking into Bitcoin. Might also divert thier attention into other cryptocurrencies. I see why Bitcoin is currently increasing in trading volume..Hopefully, we won't see any FUD anytime soon.

I've heard about Bitcoin spot ETF but I haven't fully grasped the concepts.. what's the difference between spot and futures ETFs and which is more beneficial. Any comprehensive reports on this that's easy to understand?

I disagree.
In a world where a lot of things happen every day, approving ETF that happened last month in January is considered ancient news not "recent" anymore.
This means any effect it could have had on price, has already happened 2 months ago (February is already over too!).

I disagree with this too.
Because unlike other stuff that have an ETF, it is not hard at all to buy, trade and own bitcoin. Take gold for example. It is difficult to purchase large amounts of gold (it is physical) it is extremely difficult to trade it (physically) and store it safely. This is not true about bitcoin. All you need is a digital wallet (or even a hardware wallet).

So ETF is NOT an "easier way" to gain exposure to Bitcoin, it is a terrible way that can only be useful for those who don't want to leave the centralized world and instead of buying bitcoin they want to buy a garbage that is promised to be linked to bitcoin!

Uhm — hold bitcoin, obviously? Of course, if you want to potentially maximize exposure you can do things like long perps with leverage, but then risk/reward gets bad because of potential liquidations due to extreme volatility.

As for impact, stretch the timeframe long enough then it's likely that gold will get less market share in terms of SoV.

The rise in the price of Bitcoin is a good thing for everyone or institution that is hodling Bitcoin. No doubt some exchanges are transparent in the manner they run the business. But it is also important to state that some exchanges might not hold the amount they claim they have. Some of them publish incomplete or even doctored financial statements just because they want to prove to customers that they are healthy. It will be better to keep your funds in a non-custodial wallet than on centralized platforms.

Bitcoin ETF has attracted more institutional financing to the Bitcoin ecosystem and we can see the impact on the price of Bitcoin. More banks have begun to offer crypto-related services such as custodian, exchange, and other offers. In the future, we might see more banks invest more in Bitcoin and as well as offer wider services. Some banks might start accepting Bitcoin as collateral for loans because of the currency's influence in the global financial system. Very soon bank customers might be given options to receive payment in fiat or cryptocurrencies.

BTC ETFs approval will definitely have an impact on the traditional financial system because there are traditional people who still do not believe in BTC and consider it as something fake, but approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it. Plus they don't have to rely on exchanges, and have to take full responsibility of their funds, means now they have some insurance of there funds as they are keeping there funds on platform approved by governments.

This will change the mindset of traditional people thus the traditional fiat system will also be impacted by it, people will tend to invest there money in BTC ETFs now, while before approval they don't consider it as a good investment even if they are aware of the good benefits of it.

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin. These ETFs hold actual Bitcoin, unlike futures ETFs which provide exposure to futures contracts. The share value of spot Bitcoin ETFs is directly linked to the spot price of Bitcoin. As more institutional investors gain exposure to Bitcoin through these ETFs, demand for Bitcoin increases, pushing up its price.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?