SEC Receives 10X the Number of Responses for the Upcoming Bitcoin ETF Decision.
Bitcoin made over a $1,000 price increase in the past 3 days,one of the main reason for this hike is the upcoming BTC ETF assumed to be this coming August.
but what is ETF and BTC ETF?
pls.check link for brief explanation about ETFhttps://cryptoren.com/wiki/exchange-traded-fund-etf-meaning/ETF means Exchange-Traded-Funds and being applied to bitcoin, bitcoin etf could be one of the coolest thing to occur to bitcoin if approved. ETF is like a common stock on the exchanges such as NASDAQ. ETF is different to mutual funds because ETF is traded throughout the day while the mutual fund is traded at the end of the day.
With bitcoin ETF there will be more security in buying bitcoin and we no longer worry about buying bitcoins as well as storing it. With bitcoin ETF we will expect a tremendous increase of the buying public to be active on the bitcoin market.
nice explanation, so, I conclude from your comment that bitcoin ETF is a feature that has the potential to improve the bitcoin system for the better.
so we are not worried about fee, security, and transaction time, because everything will make bitcoin become more excellent.