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    Author Topic: Bitcoin ETF, what is it really?  (Read 530 times)

    • bitlind
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    August 21, 2018, 08:29:24 PM
     #21
    Even though it's can be mad the best thing for a bitcoin, and community but anyways so many people are relying their lives on that so it's definitely would be the pump of all times in the history! And we all are waiting for that.

  • Parodium
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    August 21, 2018, 08:49:34 PM
     #22
    I personally believe that whilst ETFs are a step in the right direction, it's unlikely they'll be approved any time soon, simply because of the market uncertainty looming over Bitcoin and other cryptocurrencies now. However, those making the decision do have a financial incentive to approve it if they're intelligent enough to make use of this opportunity.

  • BitcoinPanther (OP)
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    August 22, 2018, 05:22:02 AM
     #23
    Quote from: Uyiosarugue1 on August 21, 2018, 09:46:04 AM
    Thanks for the explanation, it will be a huge plus to the cryptocurrency market if it gets approved and I believe it will be eventually.SEC will bow to the pressures

    My pleasure Uyiosarugue1.

    I feel that it is our responsibility to discuss matters that have a direct effect on this chosen economy of ours. I, too, is benefiting from our discussions.

    I strongly believe the same, the Bitcoin ETF will bring in a lot of positive effect to the cryptocurrency market.  It will be a vote of confidence should a trusted financial institution such as SEC sees Bitcoin ETF a sound investing instrument.

    Though i have to say that SEC cannot be pressured to bow down for approval, but the good thing is that they opened their ears and started listening to the proposal of a cryptocurrency ETF. And that itself is a very good thing.

  • BitcoinPanther (OP)
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    August 22, 2018, 05:29:53 AM
     #24
    Quote from: Parodium on August 21, 2018, 08:49:34 PM
    I personally believe that whilst ETFs are a step in the right direction, it's unlikely they'll be approved any time soon, simply because of the market uncertainty looming over Bitcoin and other cryptocurrencies now. However, those making the decision do have a financial incentive to approve it if they're intelligent enough to make use of this opportunity.

    There's always that percentage of uncertainty for approving investing instrument such as Bitcoin ETF. And just as you speculated, other experts believes the same that approval might take more time. But this is not a bad thing really.

    SEC being an institution that wanted to protect investors and the welfare of the general market and checking security points are well in place against fraudulent activities deferred the approval to get more time to carefully study the ETF proposal.

    And should it take more time to be approved, we can all be sure that it is definitely for the better.

  • baranovskaeirina
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    August 22, 2018, 09:23:42 AM
     #25
    Tomorrow, on August 23, the SEC will make a final decision, let's see how things will develop tomorrow )

  • Zre
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    August 22, 2018, 09:30:32 AM
     #26
    ETF shareholders do not own these assets directly, but instead own the ownership of ETF shares, which makes bitkoyn, etc. More diverse than investors in ICO programs.
    ETFs are like a passport to legitimize Bitcoin to help investors trust him. Many investors believe only in what is protected by law, and many investors now assume that if bitkoyn passes, ETF will rise again.

  • Macon Bargeman
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    August 22, 2018, 10:49:41 AM
     #27
    ETF’s and Bitcoin are a very useful tool to anyone’s portfolio. It allows people to enter market sectors that they see fit, but who also do not want to take the time to research a particular company within that sector.
    Bitcoin is also invested in, but I would tend to think large banks and investment funds are not as interested in Bitcoin as they might be with ETF’s. Bitcoin is a reliable investment, but that does not mean it isn’t volatile, which some people stay away from. Bitcoin is invested by retail traders, which are people who trade for themselves.

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    August 22, 2018, 11:21:47 AM
     #28
    I think that this is an opportunity to grow well for the market and finally finish this long period of correction
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  • BitcoinPanther (OP)
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    August 22, 2018, 01:26:22 PM
     #29
    Quote from: baranovskaeirina on August 22, 2018, 09:23:42 AM
    Tomorrow, on August 23, the SEC will make a final decision, let's see how things will develop tomorrow )

    Hi there baranovskaeirina!  I though the decision is delayed till next month (September)? It's great to know that we are expecting a decision by tomorrow itself. Hoping the SEC's deliberation will be in favor of finally approving the Bitcoin ETF and i hope they have place effective safeguards for everyone to truly benefit from this investing instrument.

    It would be lovely if you could share with us the news link on the Aug 23 scheduled decision of SEC. My many thanks in advance.

  • cryptofeel
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    August 22, 2018, 03:12:38 PM
     #30
    The ETF in my opinion will be another access route or altogether novel platform to solidify and open up the crypto space to both new entrants and old time jugglers. Considering the capacity of the bitcoin since 2009, it will only be a matter of time before the immense and all round benefits begin to appear to participants and markets in general.

  • Kprawn
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    August 22, 2018, 04:07:42 PM
     #31
    The ETF might be nice for people who do not want to hassle with the storage risks and technical know how of managing a

    Bitcoin wallet, but the problem is that these people will never actually own the bitcoins. We always say, if you do not own the

    Private key, then you do not own the bitcoins. In a ETF, the stock exchange or financial institution owns the bitcoins.  Roll Eyes
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  • Dolarin
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    August 22, 2018, 04:21:52 PM
     #32
    Yes, you're right it does not directly affect the price of bitcoin. But bitcoin ETF gives BTC recognition in the circle of economists, and for small investors it's not just words, but an indication to action - it's time to buy bitcoin on all money! IMHO

  • Goodnuel
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    August 22, 2018, 04:37:32 PM
     #33
    Nice break down you have done here about the bitcoin ETF.. And i do agree with you that this will go a long way I strengthening the bitcoin and in turn the whole cryptocurrency world. A very good development i must say.
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  • Silenox
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    August 22, 2018, 05:02:19 PM
     #34
    The approval of the ETF is more important to consolidate Bitcoin in the mainstream market, it is not difficult to invest directly in Bitcoin with a little study, perhaps attract more institutional money and bring people who are still suspicious of this market for the game.

  • maxilopez
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    August 22, 2018, 05:12:06 PM
     #35
    I think that this whole undertaking is another reason for manipulation in the market and an excuse for the price to increase bitcoin
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  • CrimBit
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    August 22, 2018, 05:15:15 PM
     #36
    Quote from: BitcoinPanther on August 20, 2018, 03:49:13 AM
    The news of Bitcoin ETF has taken center stage for the past months, but what is it really? And what good will it do to crypto users?

    To shed a little bit of light, ETF is an acronym for Exchange-Traded Fund. It is a passive investing instrument that has an underlying asset, and in the case of Bitcoin ETF, bitcoin is the underlying asset.

    Why ETF? Primarily, ETF does not require professional trading skills unlike others such as mutual funds. You need not be a professional trader. It has a low operating expenses with no investment minimums. Thus, everyone gets to invest on Bitcoin ETF easily.

    Will Bitcoin ETF split the Bitcoin economy into two? Well, as stated earlier, Bitcoin is the underlying asset of Bitcoin ETF, thus, investing and trading on Bitcoin ETF will only strengthen bitcoin itself.

    Then why not invest and trade on bitcoin alone? With Bitcoin ETF, one need not bother about technicalities that involves safe keeping of your digital asset. All is taken care of plus the fact that your asset is moving on a busy market along with other popular ETFs.

    Lastly, i do believe that Bitcoin ETF is another gear towards cryptocurrency adoption which is really really good for the entire crypto economy.

    What are your thoughts?
    Thank you for sharing with us. Bitcoin ETF is indeed a good platform to create a sense of security for investors and Bitcoin assets, I think this will attract many new investors who enter the industry because of security. because everyone also knows that attacks hacking are still a frightening specter for some Bitcoin holders.

  • BitcoinPanther (OP)
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    August 23, 2018, 12:32:36 AM
     #37
    Quote from: maxilopez on August 22, 2018, 05:12:06 PM

    I think that this whole undertaking is another reason for manipulation in the market and an excuse for the price to increase bitcoin


    Hi Maxilopez! I understand your concern.

    And that is why SEC getting involved here is a really good thing. Remember that they disapprove of Winklevoss Twins' Bitcoin ETF over fears of price manipulation.  This governing authority really works hard on their homework. That's why many experts view the delay of Bitcoin ETF approval a really good thing as SEC tries to scrutinize every Bitcoin ETF proposal they encounter.

    And it is notable to mention that SEC declares they are not hostile against Bitcoin but could not stamp their approval if they are skeptic of the arrangements declared on the proposal of Bitcoin ETF.

    Read more of the article here http://fortune.com/2018/07/26/bitcoin-etf-sec/

  • BitcoinPanther (OP)
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    August 23, 2018, 02:02:22 AM
     #38
    Quote from: CrimBit on August 22, 2018, 05:15:15 PM

    Thank you for sharing with us. Bitcoin ETF is indeed a good platform to create a sense of security for investors and Bitcoin assets, I think this will attract many new investors who enter the industry because of security. because everyone also knows that attacks hacking are still a frightening specter for some Bitcoin holders.


    The pleasure is mine Crimbit. It is actually nice to share and discuss with you all.

    And yes, that sense of investment security with Bitcoin ETF is an important factor that can bring more potential strength to the bitcoin economy.  And SEC delaying the approvals to scrutinize the ETF proposals is only sending a positive vibes to interested investors as SEC wants to make sure that safeguards against fraudulent activities are in check.

    Thus, i am hopeful that the first Bitcoin ETF will really have a good impact for the crypto economy and is set to be secured.

  • Fmradio98
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    August 26, 2018, 02:12:30 PM
     #39
    Favoring of ETF is more essential to unite Bitcoin in the standard market, it isn't hard to put straightforwardly in Bitcoin with a little report, maybe pull in more institutional cash and bring individuals who are as yet suspicious of this market for the diversion

  • BitcoinPanther (OP)
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    August 28, 2018, 03:30:39 AM
     #40
    Quote from: Fmradio98 on August 26, 2018, 02:12:30 PM
    Favoring of ETF is more essential to unite Bitcoin in the standard market, it isn't hard to put straightforwardly in Bitcoin with a little report, maybe pull in more institutional cash and bring individuals who are as yet suspicious of this market for the diversion

    Hi there Fmradio98! Indeed, the bitcoin ETF will be an essential tool for growth. And you said it rightly, the strongest contender right now for the Bitcoin ETF approval is targeting institutional investors mainly.  Though it is demeaning of what ETF is supposed to be (no minimum investment), it somehow is sound to have institutional investor's minimum cap to ensure that there are big players in the ETF game.

    Though not yet clear with the proposals at hand, i do hope that interested individuals can still bank on bitcoin etf once approved.
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