Topic: Was Bitcoin ETF really a good thing for growth of crypto and Bitcoin prices? (Read 333 times)

I think the ETFs haven’t really gotten to shine yet. Once GBTC is done hemorrhaging then we’ll get to see the effects as it will stop being a game of musical chairs with investors jumping from high cost to low cost funds. Then we’ll see the ETF start sucking up all the BTC out there as they move up. It’s coming…

I do agree that it is a good thing, or at least it would be because we haven't really seen one just yet, there hasn't been one. We need to consider the possibility that it may not be all that great right away and it may take a while. Plus, it is not something tangible, we can't really see how it benefited that easily, we can guess, we will see "some" data but it will not be fully clear how much of an increase or decrease it will cause, the initial move would be mainly peoples reaction to it and not really the move itself.

So all in all, I am guessing that it will not be simple and we should be careful about it. I know that life is not all that simple all that easily, but this one here is just something to ignore, and keep holding your coins, it is that simple.

Since ETF have been listed, costs of distribution are much lower and the reach is wider. These savings in cost are passed on to the investors in the form of lower costs.

ETFs are designed to allow more people to invest in Bitcoin without the necessary expenses and hassles of buying them directly. They eliminate the need for security procedures and excessive funds while providing a familiar investment trade in the crypto space market.

That's definitely not true, Bitcoin was mainstream long before the ETF hype. I would say during the last big bill run where bitcoin achieved it's ATH, it was already mainstream. Every newspaper had articles about crypto, every person spoke about it. ETFs now is just another form to invest in crypto currencies, people who are buying ETFs are not going to buy bitcoins directly. There are some advantages to ETFs, because it will take pressure of the spot bitcoin market and make transferring ownership easier. In times of high transaction cost it can be helpful for people that want to trade quickly without paying much fees. With some broker not charging any transaction fees it could become cheaper to trade. And for the ETF company nothing is changing, they don't have to buy or sell bitcoin, just change the name of the owner. I still think there will be high volatility in the market, because nobody knows what 1 bitcoin should be worth.

I do not know if they knew in advance of the approval, but I know for sure that they bought large amounts of Bitcoin before obtaining the approval. This is certain news, and this is what led to the market rising before the approval.

I said in a previous topic that the approval of the ETF will not have a significant impact on the market because the impact has already occurred and these companies have purchased large amounts of Bitcoin and are awaiting the official approval.

Yes, these are investment companies whose primary concern is profit, regardless of whether they believe in Bitcoin or not.

Apart from each person having the right to express their own opinion on various things, we also need to look at the person's wishes. Because it is also logical that some people are still hoping that the price decline will occur again so that they can buy it at a low price and then will also return to hope that the next increase can occur again in Bitcoin. For me it is a very normal thing even though we don't have to immediately believe what other people say about anything.

Waiting for something big also requires extra patience, we are already close and it will happen soon. it's not just about ETFs that will provide good growth for the market, but more people coming in and investing in Bitcoin will make the market more crowded. I waited with a fairly full bag.

Yes, if more new people join the Bitcoins world, then it will increase the demand to accumulate the Bitcoins. As the demand will increase, the price has to go up in order to meet the demands. This will follow the basic economics of supply and demand. Hence for this reason we were seeing many threads related to this. Sadly the impact isn’t as big as it was speculated. But still we shouldn’t lose hope. Something big is really very near.

Suppose, if bitcoin increases sharply right after the ETF is approved and many people will sell to take profits, who will buy those bitcoins at a high price? I don't think the big funds and market makers would be stupid enough to push bitcoin to $45k or $48k or more and buy them at high prices.

Why don't we think that funds and market makers knew in advance that the news of an ETF would be approved and that they quietly bought bitcoin in large quantities beforehand? And when the official news is released, it will be time for them to sell to take profits. They are also investors like us, they all want profits, they don't spend time praising bitcoin or flattering it if they can't profit from it.

So there is no reason for bitcoin to decline when the ETF is approved, simply because it is "buy the rumor, sell the news".

There aren't many reasons why Bitcoin fell after the spot ETF approval because Blackrock applied for the spot Bitcoin ETF event had a very positive impact on Bitcoin's price. Hype and positive expectations were so big that it pushed the price up to 45K USD and this was because people were betting on the possible approval outcome. If we follow logic, we should predict further price pump after the actual ETF approval event because it reached 45K not because it happened but because people were risking that outcome would be positive. Then out of nowhere, the price went down and there aren't many reasons why it went down at the moment when it should have gone insanely high. Someone even donated 1 million USD to Satoshi's Bitcoin address. There are many things that don't make sense after ETF approval.

It has not happened yet, but it does not mean that it is not going to happen. The mistake here is that quite a lot of people want to make money so quickly from Bitcoin, so they expect the pump to happen as soon as the spot ETF's were approved, so they can make ROI and sell off immediately. The approval of Bitcoin spot ETF's will boost the price of Bitcoin, but it is not going to happen in the short term.

Having said that, the ETF approval will push Bitcoin towards centralization, because these centralized institutions are going to hodl large amount of Bitcoins, and people who buy Bitcoin through them are not actually buying Bitcoin but just iou's, and that is the wrong way to buy Bitcoin, because it is a decentralized network/currency.

I don't agree with this point of view, there are a lot of reasons why Bitcoin fell after the approval of the ETF.

Approval could help regulate and stabilize the market more, but it is not true that it is no longer possible to make more profits like before. On the contrary, I expect that the coming days will witness a significant rise in Bitcoin, especially with the approach of halving. We have already begun to see the beginnings of this rise and we are waiting for more. in the coming days.
Volatility is still there now and there is more manipulation.

With or without an ETF, Bitcoin adoption will increase at a good pace, but with an ETF, that pace will be accelerated. We already have ETFs that have been approved in the past, but everything has negative aspects, the most important of which is that more Bitcoin will be transferred to institutional funds, which are central authorities, and some will view Bitcoin as an investment and stock instead of a means. Payments eliminate the need for a third party. ETFs are bad in terms of Bitcoin's philosophy but could push adoption and prices higher.

Indeed, it's a good thing as this will result in more adoption of Bitcoin even those who were reluctant to use Bitcoin would give it a try and thus it would increase the demand but we have not seen the price movement like how it was expected but the goodness for Bitcoin due to ETF approval is adoption rate and it makes Bitcoin more mainstream as it would create more curiosity on people's mind about Bitcoin because some people consider it as bubble but after SEC approval of spot ETF for Bitcoin they will be convinced it's not a ponzi or bubble.

The website just doesn't scroll for me, unfortunately, so I can't read the article. But I've tried to read it (not sure if I read all of it because those were copies elsewhere, but maybe I did) on other websites.
It's a Bloomberg Opinion piece, and it seems like the idea is that Bitcoin is at its peak with the ETF approval, and then it stops becoming a major topic, stops getting the same level of attention. Bitcoin stops being this anti-establishment phenomenon, loses its appeal, and it sort of becomes a bad asset (bad, because it's not backed up by anything), which might still see a few price spikes but will get worse.
I don't know, I don't think that's true. I do believe that Bitcoin will continue growing, as it always does, and new accessibility of Bitcoin brings new demand, new interest in it.

With the lackluster effect that it gave to the market and the mixed feelings by a lot of people about the ETF approval, I just like to think about what's happened to be a thing where it attracts more people that don't know about bitcoin and would get curious about it, it only takes one of them to be curious about it and they're going to be telling things about bitcoin to their friends too and how it's a good investment, it's a chain reaction so even if ETF fails, the recognition that it gives is still a big deal for bitcoin.

I don't even know, the only good thing I see here is confidence in the heart of people, those who believe that the government will never have anything to do with crypto are not confused because of the ETF approval, but in the past days these companies have dumps good numbers of Bitcoin, maybe they did that to cause a panic or massive price action? I don't know either.

Also it seems like we are still early to start thinking about what will happen, it's not even long that the ETF is approved, maybe we should give it time and see? Black Rock is my own main concern though, because those people always tend to take control of everything.

I have a feeling that this bull market will probably be the best last one, as the SEC will eventually find new ways to force crypto projects to bow down to the regulators just like casinos, but it's impossible with Bitcoin now, if I am a crypto developer I will just walk the same path as Satoshi Nakamoto, go completely anonymous.

It may not be apparent yet but the etfs will have a big effect on the price. These things don’t happen immediately but billions, if not trillions of usd will flow into them over the next decade. Now that Bitcoin is essentially a mainstream financial commodity, asset managers will be pushing people to invest. It’s going to be huge, you just need to be patient, these things don’t happen overnight. The etf providers are buying more daily than the amount of coins that are mined daily. It’s only a matter of time before supply shock & huge pump.

I agree with the moneycontrol's article title with one hundred percent. It's going mainstream, that means it's getting regulated and seriously controlled, in a level that all  services will soon be forced to exclude Monero payments, some of them already exclude it. The worst thing that can also happen is miners being forced to implement the filtration of blockchain analysis companies and filter which transaction to include and which to exclude. Mining is also getting so centralized that I am afraid that might happen.

Overall, Bitcoin ETF is a positive news for Bitcoin in terms of price increase. When a huge amount of money flows into Bitcoin and demand significantly grow, that will definitely happen over time with Bitcoin ETF, price will significantly increase, it will be higher than it would be with only Bitcoin halving events. But it's bad for those who want to use Bitcoin for purely P2P payments and I already explained that above.

everyone is entitled to its own opinion and judgement , who are these people that talks such ? do they really understand the market or they are just having their own  intention saying these?

many of them wanted the price drops again so they can purchase in cheaper prices lol.

I'm not sure how the approval of a Bitcoin spot ETF would make an impression to the majority of the people. But more than anything else, I hope that it made people take Bitcoin seriously. That's enough for a start. The approval happened in the US, but those who read about it are coming from all countries around the world. These people would start getting to know Bitcoin. They would learn how to buy and keep real Bitcoin. And they won't be buying from BlackRock, ARK Invest, Franklin Templeton, etc because they can't. They would do the buying in the most convenient way possible from where they are. They might decide to buy the real one.

Don't look for short term changes since we can't get any instant effect from it since maybe people just got satisfied with what they saw and also you should consider the other things happening on why the price collapsed despite of ETF approval announcement happen. Just think about long term effect that it could bring since looking at current condition now where ETF has been approve it can generate new demand for those people trading it and might in long term we can get additional solid support coming from new players in the market.

Also we can't expect any instant growth after that and it proves that we can't expect anything huge once there's a good announcement made so a proper market monitoring is important especially if we are trying to trade for short term and try to have a good exit so we will not regret for not taking any action while there's hot thing happen in the market.

It will need some weeks or months for investors and market to digest selling pressure from Grayscale but eventually Bitcoin market will be fine. Because capital from Black Rock, Fidelity and other ETFs are bigger than Grayscale and surely they will want to buy more bitcoin.

In addition, it is not logic if Bitcoin skyrockets after approvals of Bitcoin Spot ETF when everyone expected its soar. Market makers usually do oppositely than majority of market participants think. I bet Bitcoin will go side way for a while maybe some months and only start to grow after Bitcoin halving.

My expectation is Bitcoin will have good bull run since Q3 2024, not too soon in Q1 or Q2 2024.

It would of been good if they approved all the etfs except GBTC. Reason why is because when it converted to an etf, the shares were unlocked with the bitcoins and the outflows started to happen.

Since they kept their fees very high, many people left for the other etfs. But the bigger issue is companies like Ftx selling the shares they bought years ago at a deep discount. This leads to the decline in bitcoins price and will continue until people are done selling GBTC.

I think that the ETF approval has more role to play in the declining rate of bitcoin volatility than any other factor. These large institutional investors are responsible for stabilizing the market because since they have a lot of money which they are bringing into the market, it serves as a shock-absorber that has made the overall bitcoin market to be capable of withstanding a sudden price swing. Without them, I wonder what other factor could have been able to mitigate the large market movements that causes volatility.

I am not taking your words out of context and I definitely agree with what you have said. For our guessing is based on our individual perspectives and how much risk we can carry. However, do you think that that in the long run, if we don't have a universal and agreed upon precise method for calculating value of bitcoin would this be good for the asset. To put another way, what do you think will be the disadvantages of not having a precise method of calculating the value of bitcoin in the long run?

Some experts on ETF are saying that what happened to gold has more chance to also happen to Bitcoin. With the approval of ETF, the asset is already considered to be mainstream, regulated (maybe in indirect sense) and with that there will be less volatility which is a two-edged sword, so to speak, because we could expect Bitcoin to grow slowly from now on. So the expectation that Bitcoin would be worth a million dollar within some years may not come into reality, sad to say. Now, this is just my humble opinion, anyway.

huh??? You think that just magically volatility and growth are gone because ETFs were approved?

First of all, ETFs will increase adoption of bitcoin as an asset (obviously!) which means price goes higher. So of course this doesn't slow the returns down, it increases them.

But of course as Bitcoin continues growing volatility and its growth will naturally slow down because its market cap is growing. That's completely natural. It's been happening for a long time already.

But nothing about ETFs being approved suddenly magically makes these things happen haha. All the ETFs do is bring more people into the market, which means faster growth, as yes as a consequence of faster growth Bitcoin will more quickly reach the sort of market caps that lead to much less volatility and slower growth. But that is a consequence of Bitcoin's growth, not of ETFs, and that is a long term effect, not something that all of a sudden happens.

Finally, growth is a long term thing, it doesn't matter at all what the price has done the past two weeks. The market always moves up and down. Price moving down after ETFs means absolutely nothing. When people say ETFs will boost the price they mean it will be boosted over the months and years to come. Daily or weekly ups and downs are entirely according to the whim of the market on any given day and have nothing to do with long term adoption.

My own theory is that this will be bad for Bitcoin in the long run since the "mythos" behind Bitcoin ("decentralized", etc.) is utterly mocked by the ETF, and thus mainstream investors will ignore it, and look at Bitcoin and cryptos as pure meme investments and nothing else.

In other words, buying Bitcoin will be not too different that buying stock in GameStop: you buy it because you think others are going to be buying it, which will make the price go up.

If Bitcoin isn't a "revolution" and is instead just a meme, then it will play equally along side all of thousands of other meme investments, which is bound to bring the price down as it will see more competition.

Of course the ETF could increase Bitcoin's meme as well, driving the price up. So I guess we'll see.

Are you expecting bitcoin to increase thousands of percent and bring you big profits these days? If that's what you want to ask, then I can say that it won't happen anymore because bitcoin is getting bigger and with its large capitalization it can't grow as much as other shitcoins. Bitcoin's profit will only be x2, x5 or x10 if you hold it long enough, but if you expect x100, x1000 then that will only happen with shitcoin. But in return, bitcoin will be safer while altcoin will be riskier.

ETFs will make bitcoin more centralized but it will help bitcoin become more popular faster, and once demand increases, prices will increase, but everything takes time.

Bitcoin Spot ETFs bring more big companies, institutional investors and more capital in Bitcoin market. It is good for the market in long term but in short term, there will be some opposite effects because there will be times for investors to move around companies, change products like some are moving from Grayscale to other Bitcoin Spot ETFs with cheaper service fees.

It will cause selling pressure in short term but after all, who want to leave Grayscale will leave, who want to stay will stay and selling pressure will no longer be as big as it is now. Other Bitcoin Spot ETFs will attract more investors and capital to buy bitcoin. They will also submit applications for derivatives products and more.

In long run, I am very positive with effects from Bitcoin Spot ETFs on Bitcoin price.

ETF is just one platform out of many, and the price is the sum of all market activity across all platforms, so you can't really say that Bitcoin is now fully regulated. And I don't see why Bitcoin volatility should reduce now that we have an ETF. This effect could be really small because the volatility is caused by fundamental reasons - the purely speculative nature of Bitcoin price forming. There's no method for calculating how much should Bitcoin be worth, so all market participants are just guessing.

People can actually say different things, give wrong information about anything, even when they don't really have a proper knowledge of what they are talking about. 

The other day, someone who claimed to know too much about Bitcoin was actually talking about Bitcoin-ETFs as a tool that will drive the market to a very bullish peak. After he has said so many things, then I asked him: "Was Bitcoin developed to serve als a tool that will boost Bitcoin price, or perhaps was it developed to serve a different purpose (purpose of adoption)?, Since the BTC-ETF never got developed in the past years, has Bitcoin' price on its own never pumped?“ "

Bitcoin has been doing much better in the past years and investors have always noted it. Bitcoin EFT, which just got developed a few weeks ago, is being thought as if it has already started to pump the price of Bitcoin.

Don't get me wrong, I am not against Bitcoin EFT, but I definitely would not use it because I have been purchasing Bitcoin right from time and there is nothing wrong with the way I purchase my Bitcoin.

If the price of Bitcoin keeps appreciating, it will be a general advantage to all Bitcoin holders, because every investor needs the price growth in order to make profit, and if the approval of the ETF will also contribute to the price growth, then will it be of general advantages. 

It gets more volume, but nothing is saying it should go up immediately. There are rich people shorting it and I am guessing that they must have learned something about gamestock, so they wont short it to the ground.

I personally am doubtful about the whole etf. This just makes it even more price centric and more dependable on financial institutions and regulators.

Yes, Bitcoin ETF approval is a positive thing for the growth of crypto and Bitcoin prices. Because of the Bitcoin ETF approval, the number of Bitcoin and cryptocurrency adoption will increase more and faster, and as a result, the trading volume will also increase. And since adoption will spread among more people, the demand will increase and the demand will also increase the price.
Although I have no doubt about the price increase for ETF approval, we may not see it in a huge amount right now, but we can definitely see its larger effect after a while. Although I have no doubt about the price increase for ETF approval, we may not see it in a huge amount right now, but we can definitely see its larger effect after a while.

Having a bitcoin ETF, does not make Bitcoin mainstream. The concern is far more deep. Now the big pocket corporates hold a suitable amount of Bitcoins which can control the market. Being mainstream is not a problem but being in a position to control the market is the problem. Blackrock is definitely evening to be in a position where they can hold a good amount of stake in the market. That's what worries me.

Bitcoins can still be used outside the regulations. But the controlling power belongs to someone else. The manipulations are not yet evident for sure, but things will uncover with time.

Personally I think the ETF will just increase the rate at which big investors will come into bitcoin and that increases the adoption rate which clearly is what brings higher demands which will increase the price of bitcoin but still on a significant level. Other other hand ETF to me also will affect negatively a fundamental part of bitcoin which is privacy although it wasn’t meant to be anonymous but rather pseudonymous but with the rate at which ETF approved entities will be regulated it is as if they are clearly centralized exchanges, as government can clearly get information of spot buyers from this entities.


You are definitely right with or without ETF approval the volatility rate of bitcoin was clearly declining as this can be seen with the surge of price. If you look at all the current bitcoin new all time high predictions you will clearly notice that no one has predicted a price that will exceed $200k for the upcoming bull run not because it can’t happen but that large volatility swing is not there anymore, personally I don’t see it bitcoin doing more than 3x from the current ATH and I don’t also see a -3x fall from that price too.

In the long term, it is clear that ETFs have a positive impact. We can see this reflection in the case of Gold, when Gold entered and was accepted by the ETF at that time until now gold continues to rise and its market cap continues to increase, with almost the same characteristics as gold - limited supply - unique, I think Bitcoin is able to do what it does what gold does, is to keep going up. However, keep in mind, this increase will not happen quickly but will be gradual. Maybe the first impact will be that Bitcoin will become better known to many people, institutions and become the center of attention, then with its track record being written as an investment asset and safe haven, it can encourage Bitcoin to rise higher and inflate its market cap.

Bitcoin is already popular and well-known, but ETFs can bring in money from new people who are afraid of how bitcoin works. The more popular and the more new money comes in, the better for us who were here before them all

I don't even know where to start.
Been regulated doesn't equal control
ETF is just like CEX with a little flavour
Bitcoin is volatile compare to USD?
Go check the amount of dollar in circulation and compare to Bitcoins.
Nothing with an advantage that doesn't have a disadvantage
But in this case the disadvantage is not catastrophic
If the government can control more than 51% of the blockchain
Then I can be scared.
Gold is legally backed and regulated
Does that stop the price from increasing?


About Bitcoin not having volatility again
I believe it can't experience the growth of its early days in a short span
But that doesn't rule out the fact that it's still way undervalued.
With its limited supply is ever going to continue rising
Inflation still exists.

Not all things mentioned by this so called experienced investors holds weight.

You should know that everything has it's own advantage and disadvantages as the case may applies,, seing what is really behind the factors that boost the bitcoin market price to go bull is to be considered here where I know quite alright that bitcoin ETF is not one, but here in this regard may partially act as a catalyst in helping have a short experience of price change due to the event of the breaking news and this may be to rise or fall of the market price just as we have experienced now.


ETF is not what is making bitcoin becoming a mainstream, Bitcoin has already been fighting it's way through before that comes in, may e we should focus on halving which will eventually have to deal with high volatility during this period.

As the marketcap of an asset is getting higher, the lower will be the asset's price volatility. Bitcoin was having a marketcap of almost or over $900 billion before its spot ETF was approved by the United States. I am saying without the ETF, the price of bitcoin was not volatile like that of altcoins, but that does not mean it will not get above $100000 to $150000. Still see bitcoin as a volatile asset but less volatile.

I see a lot of threads here saying that now that Bitcoin ETFs are approved, it will boost the Bitcoin prices. However, that has not happened in last few days.

I researched more about it and came to know about this new point of view regarding this Bitcoin ETF. According to this point of view, Bitcoin  ETF has made Bitcoin mainstream. It has become something like regulated and as a result the premium effect is gone. Because of this, there will not be that much volatility in prices now and thus the returns it gave in past are now not possible. Do you agree with this point to view?

Here is a link discussing the same thing
https://www.moneycontrol.com/news/business/wire-news/crypto-is-going-mainstream-which-means-its-over-12135721.html/amp