Will Ethereum beat Bitcoin to an ETF?

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Quote from: ethersphere on May 17, 2017, 03:39:22 AM

Bitcoin ETF "was denied as a result of lack of regulations within the foreign Bitcoin market". If bitcoin ETF was rejected based on that, I would think the same rationale can be applied to Ethereum. The eth market is definitely unregulated and cannot be controlled by any single jurisdiction in my opinion, the same way bitcoin is.

This is the smartest answer in here. Also Ethereum has many illegally issued tokens inside the platform itself. The Ethereum Foundation could also be charged with running an illegal issuer of 3rd party securities on top of the charges on issuing ETH.

It is a legal quagmire.

JGoRed

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Quote from: xuan87 on May 17, 2017, 07:02:10 PM

Quote from: TravelMug on May 17, 2017, 03:48:57 AM

I don't think that SEC will approved any ETF for either bitcoin or ethereum. Centralized/De centralized, they don't have a full trust on the system. Another reason that won't allow it is the unstable price of it. They can easily think that it can be manipulated by someone from behind. Well, they can try to apply for one, but I doubt it will even get approved.

Yeah I also think ETF will never approved any of crypto coins they are not ready to accept crypto currencies and they don't see the potential in it and crypto coin is unstable, even the bitcoin is not being approved, so it is a small chance ETH will be approved, but if it's approved then we will see the new chapter of alt coin, we will see the rivalry between bitcoin and ETH

There may be a chance, especially if cryptos become more mainstream; although if they do, then both BTC and Ethereum will get accepted at once.

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Quote from: TravelMug on May 17, 2017, 03:48:57 AM

I don't think that SEC will approved any ETF for either bitcoin or ethereum. Centralized/De centralized, they don't have a full trust on the system. Another reason that won't allow it is the unstable price of it. They can easily think that it can be manipulated by someone from behind. Well, they can try to apply for one, but I doubt it will even get approved.

Yeah I also think ETF will never approved any of crypto coins they are not ready to accept crypto currencies and they don't see the potential in it and crypto coin is unstable, even the bitcoin is not being approved, so it is a small chance ETH will be approved, but if it's approved then we will see the new chapter of alt coin, we will see the rivalry between bitcoin and ETH

richardfisk

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yes. Ethereum will beat Bitcoin. They are a realy good kind of altcoin which can help many people and can maintain a high number of transactions everyday

TravelMug

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I don't think that SEC will approved any ETF for either bitcoin or ethereum. Centralized/De centralized, they don't have a full trust on the system. Another reason that won't allow it is the unstable price of it. They can easily think that it can be manipulated by someone from behind. Well, they can try to apply for one, but I doubt it will even get approved.

ethersphere

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Bitcoin ETF "was denied as a result of lack of regulations within the foreign Bitcoin market". If bitcoin ETF was rejected based on that, I would think the same rationale can be applied to Ethereum. The eth market is definitely unregulated and cannot be controlled by any single jurisdiction in my opinion, the same way bitcoin is.

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I think when the time is right for a crypto-based ETF, the winner will be whoever is next up in the pipeline for approval. It's a long process.

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Quote from: The Sceptical Chymist on May 15, 2017, 07:51:16 PM

A more fundamental question in my mind is why the ETF thing is so important, and another is how it's going to affect volatility.

Are these ETFs considered derivatives? Or are they shares in a fund that owns whatever crypto they represent? I just don't see how they're beneficial.

Speaking of how can they be considered, will the SEC or any government regulator not question the legality of Ethereum? It would be very entertaining to see Vitalik go inside the SEC to apply for an ETF approval and be escorted out of there with handcuffs and go straight to a jail cell.

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Quote from: The Sceptical Chymist on May 15, 2017, 07:51:16 PM

A more fundamental question in my mind is why the ETF thing is so important, and another is how it's going to affect volatility.

Are these ETFs considered derivatives? Or are they shares in a fund that owns whatever crypto they represent? I just don't see how they're beneficial.

An ETF approval would just allow Bitcoin (or whatever else was approved) to be used as a mainstream investment. This increase stability and add a little legitimacy, but overall it won't make or break Bitcoin.

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A more fundamental question in my mind is why the ETF thing is so important, and another is how it's going to affect volatility.

Are these ETFs considered derivatives? Or are they shares in a fund that owns whatever crypto they represent? I just don't see how they're beneficial.

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Quote from: bearex on May 15, 2017, 03:49:12 AM

It might easily happen, as Etherium serves an actual purpose. The bad thing about bitcoin is also, things like the recent hackers event.
Hackers lock out a computer, and then demand Bitcoins as payment, in order to unlock the computer. So the majority of people, only see Bitcoin mentioned alongside with computer viruses, hackers,...Hence the negative attitude might erupt, and prevent the acceptance.

What actual purpose is Ethereum serving the world right now? What problems is it really solving?

Do not forget that hackers can also easily use Ethereum for their ransomware attacks. Maybe the reason why they are not doing it is because they think Ethereum is inferior to bitcoin. They are right in some ways.

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Probably not, an ETF requires measures to return the property to the owner in case of it being stolen (or hacked).

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We find out todau if the bitcokm etf will go through. Hopefully it does because it will give a huge boost to altcoins also. All altcoins should rise if btc rises. Gives more legitimacy to all coins

bearex

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It might easily happen, as Etherium serves an actual purpose. The bad thing about bitcoin is also, things like the recent hackers event.
Hackers lock out a computer, and then demand Bitcoins as payment, in order to unlock the computer. So the majority of people, only see Bitcoin mentioned alongside with computer viruses, hackers,...Hence the negative attitude might erupt, and prevent the acceptance.

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Quote from: Herbert2020 on May 12, 2017, 12:48:57 AM

well lets see.
- ethereum is centralized.
- it had an ICO which is not something that SEC can approve of
- the price is highly volatile (one of the reasons they denied bitcoin ETF)
- it is not regulated. (the main reason they denied bitcoin ETF)
- it is manipulated and again SEC will not approve of this.
- ethereum was never meant to be traded, it was the platform which then had the tokens called ETH which was traded and gained value.
- it is not even as old yet!

so yeah, if SEC approves ETH ETF then they must be some more stuff behind the scenes that we can see right now.

Yeah but that may end up being true a lot of big players have shown interest in Eth and without the history of silkroad and ransomware making the news today it may have more of a chance.

Yes but what does Ethereum offer besides a potential for a more scandalous outcome if the SEC decides to charge the ICO in the platform as illegal investments? Also which big players are you talking about that have shown interest in ETH and what kind of interest did they show? Speculative interest?

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Quote from: Herbert2020 on May 12, 2017, 12:48:57 AM

well lets see.
- ethereum is centralized.
- it had an ICO which is not something that SEC can approve of
- the price is highly volatile (one of the reasons they denied bitcoin ETF)
- it is not regulated. (the main reason they denied bitcoin ETF)
- it is manipulated and again SEC will not approve of this.
- ethereum was never meant to be traded, it was the platform which then had the tokens called ETH which was traded and gained value.
- it is not even as old yet!

so yeah, if SEC approves ETH ETF then they must be some more stuff behind the scenes that we can see right now.

And add to that forks and Vitalik CEO of ETH.
I would list ETH most likely on stock exchange not ETF.
ETH is much more problematic than BTC right now and same as BTC is not regulated.

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No chance in my opinion. Not because any reason in particular, just common sense. They have been trying a Bitcoin ETF for a long time. It makes sense that Bitcoin will be the first.

Now if you ask me if ETH is going to surpass BTC...? For me its clear, it's only a matter of time

chineseprancing

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I think they had a possibility, but for now ethereum had no capacity to beat the bitcoin in to ETF. However, if the ethereum were going to raised up the value in the market they had a chance to beat Bitcoin.

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Quote from: Singwala on May 14, 2017, 09:48:34 AM

I Think Ether Will never beat Bitcoin, Bitcoins is more popular than any cryptocurreny
Bitcoin mark his name as no# 1 so never never bitcoin will down by any coins this is just my opinion Grin

Foolish thought to think just because it's first it can't be beat.

I agree Bitcoin more popular, almost every layman who knows cryptocurrency is just a bitcoin.

Leonard2016

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unless the ethereum team (who have a lot of money, and also gained a lot more money by the recent pump from newbies wanna be rich people) are planning to bribe SEC guys i can not see any other way that they accept their ETF in a million years.

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