Bitcoin Forum

Bloomberg's Eric Balchunas discusses the race for the first Bitcoin ETF with Bloomberg's Emily Chang on "Bloomberg Technology."

(Source: Bloomberg)

This is a video content. Here is the link below:

Why a Bitcoin ETF May Soon Become a Reality:

https://www.bloomberg.com/news/videos/2017-08-24/why-a-bitcoin-etf-may-soon-become-a-reality-video

The first bitcoin ETF should be a winner for numerous different parties involved.

ETFs for bitcoin are a great idea for people who are unsure of how to buy bitcoin or store their private keys. When I was first looking at buying bitcoin I looked for ETFs as I was familiar with ETFs but was not familiar with bitcoin and wallets at the time.

Bitcoins are a super familiar concept and investment vehicle for more traditional investors, so I would imagine there would be quite a bit of people buying into the ETF who were otherwise apprehensive about getting into bitcoin.

It will also be great for the company that gets the first ETF approved. Although ETF management fees are generally very low (which is one of the best features of ETFs) - I would imagine the sheer influx of customers would be great for the company that offers the first bitcoin ETF.

There is no other way but to approve ETF one day.  The adoption of cryptocurrency is booming.  Different company in different countries are taking advantage of crypto startup and getting profit from the unsaturated market.  Definitely these means that they are missing out on a very huge market audience.  Sooner or later they will come to realized that they should have approved Bitcoin ETF.

While people have been waiting for the long wanted ETF there are investors who are taking advantage of a kind of ETF.
Did you know about the GBTC, Bitcoin Investment Trust?
By all means an ETF will come but smart big investors already started getting their hands dirty.
https://finance.yahoo.com/quote/GBTC/

Hmm anyone heard about the 2nd ETF filed by the Winklevoss twins? I can't remember what month they filed it though and the review is taking too long. Is this a sign that bitcoin ETF can finally be approved?


Exactly the big boys are already here and they are coming with their huge amount of cash ready to be put in the ecosystem and now its their playground now with their own set of rules. One advantage though is that with ETF investors have somewhat a "protection" umbrella just in case something went wrong. But are we all willing to be under microscope when we are now covered by the ETF?

I don´t think the Winklevoss twins filed a 2nd ETF.
Instead the SEC has decided to review their first decision regarding the Winklevoss ETF and will release their new decision later this year.

You are probably thinking about the new Bitcoin ETF by VanEck (a NY based money management company).
https://www.coindesk.com/new-bitcoin-etf-effort-launched-money-management-firm/


This could actually enhance their odds for a favorable SEC decision!
I really think we will see at least one ETF in either this year or the next year.

The main reason for the SEC to reject the few Bitcoin related ETF's, was because of Bitcoin's unregulated nature. If we get to see more countries start regulating and legalizing Bitcoin, this eventually will greatly increase the chances for us to finally have at least one ETF come through. That's obviously assuming the SEC is genuinely minded, and thus not going to keep rejecting them just because they don't want to see Bitcoin's economy grow even larger. And that's just the beginning - at some point there will be plenty of financial instruments allowing institutions to potentially invest billions and billions, in order to benefit from Bitcoin's extreme growth potential. Imagine what will happen if they at some point allocate 10% of their entire portfolio to Bitcoin. People talk about moon time... What about Pluto time?

An ETF on Bitcoin will surely be within 2 years max or by the end of 2018, and its price will fly like never before.
After that when people want to buy Bitcoin, they will buy Bitcoin fractions, that is, mBtc because its price will be too high and we will sell to our friends and relatives our mBtc fractions  ;)

That's reality that could definitely hurt a future Bitcoin. Every time that we step into this round we start giving up decentralisation, and completely anonymous transactions. Right now they're already pretty much trashed. But the further that we get away from that decentralisation and anonymous blockchain use, the further we get away from the very purpose of it in the first place.

This will be wonderful, I will put half of my retirement money in bitcoin ETF once it is there.

This is such a non statement. Why would you wait with doing so till whatever ETF starts popping up? By that time the price has gone up significantly already, and thus your fiat will buy you less coins.

If you are serious, then put your money where your mouth is, and start doing it right now. Not sure why you haven't done it before since you've been here long enough, but you definitely shouldn't waste time waiting.

I have done the far majority of my buying below the $500 mark, and looking back now, it's extremely pleasing knowing that I have done the right thing back then ~ utilizing given opportunities is the most important thing.

Exactly
I would have discovered Bitcoin much earlier, maybe in 2012-13, while I entered it "only" last year and bought my Btc at about $ 600, but I'm veryyyy happy!  :D