Bitcoin Forum

"What Is ETF ? "

So ETF means exchange traded fund where investment funds are traded on stock exchanges in different index .
So Why its so significant in crypto ?

Our crypto market has about 240 Billion market cap and price of bitcoin is $6500 at this market cap and we all know our market went to 800 Billion market cap in 2017 end and that time bitcoin went to $19500 So its very simply calculation if we want to see our bitcoin at $65000 then total market cap must be about 3 trillion which can only happen if Bitcoin ETF get approved by SEC as it will result in flood of money into crypto when traders will be able to trade with single click from there brokerage account to buy sell bitcoin .
Why Bitcoin ETF Is Not Approved Yet ?

Till date whenever Bitcoin ETF filler was filled to get SEC approval they had 2 main concerns to approve ETF which were :
1 - Lack of global regulatory rules which surrounds crypto and crypto exchanges and we all know Japan and south korea are two major countries which deal max in crypto and they had no regulations earlier but now both have regulation done for there exchanges and have regulation for crypto accepted . So one of the major hurdle is already cleared by now .

2- SEC has shown concern for investors money in case of hacks , private keys lost so what will happen if any of miss happening happened for investors fund ? So for that CBOE has stated that it has secured insurance for the investors and that means the second hurdle which was for ETF approval has also been removed this time around .

So now this filler from CBOE group has it all in it to get approval from SEC as its gives them assurance on things that they asked for and filler from CBOE in itself is big thing as it is one of the biggest and reputable exchange .

So what are your thoughts about CBOE ETF approval this time around ?
Do you think we will see it getting approved this time around ?
Do you think we will see bitcoin to reach $65000 in 2018 ?

So what are your thoughts about CBOE ETF approval this time around ? - Hope it somehow gets approved
Do you think we will see it getting approved this time around ? - No
Do you think we will see bitcoin to reach $65000 in 2018 ? - No

Long tem the price will reach very high numbers but I don’t expect this ETF to gain approval. I predict something over $10,000 but under $20,000 by the end of 2018.

I still strong believe in bitcoin as strong curreny reach again the old price high before end of this year but 65000$ Prediction hit of bitcoin in this year is crazy it's price expectation 30,000$ or more than that price hit of bitcoin before end of year are not possible if the market demands become strong.

The $ 65,000 bitcoin price, I think it will be difficult, I think in this year bitcoin will be worth $ 9,000 - $ 12,000 and I never think $ 65000 will be achieved this year.

cryptocurrency is an emerging market, there it bound to experience some setbacks before it will finalily stabilized, not is new of the present.we expected it.

$65000... I geuss we all like to dream sometimes  :o

Bitcoin can do it all and we are convinced of this already many times. In fact, it is not clear how ETF affects bitcoin and crypto currency, because bitokoin against the background of this news may grow sharply, and may fall.

If exchange-traded funds invest in the crypt, then there will be a big growth of Bitcoin (20 000$+)

I just read the ETF yesterday. The expectation is that a favorable atmosphere from SEC will draw Bitcoin over 20K easily.

Cryptology industry have a huge interest on that particular network account sys ..

"The Global Transformation from Pits to Bits"
https://www.elsevier.com/books/electronic-exchanges/gorham/978-0-12-374252-0

Yes hopefully that regulations will be set correctly so that it will be easily recognized by the government in every countries around the world. Just like any gambling activities like casino where in it is being regulated also and now it is one of the good earning for the government to profit. So if this will be approve it could be more than that because all the countries around the world will going to invest and money will flood on cryptocurrency. But i guess it could also create a conflict in the future.

I think this price is too high when it hit the price of bitcoin because the price of bitcoin and it's hard to get up but my predecessor is 2018 to increase 1bitcoin to one million.

SEC is United State Securities and Exchange Commission not Japan's or Korea's or elsewhere. them having regulations doesn't concern SEC and their decision about ETF.

this sounds interesting but do you have a reference for it, i don't really follow this stuff.

i don't have high hopes for its approval to be honest and even if it were approved i definitely don't see $60k in 5-6 months! and surely hope it doesn't happen because it would be the biggest bubble of our times.

Etfs can drive a lot of new money into the encrypted money market, so that's good news.
In particular, ETF can make more and more traditional institutions attach importance to BTC. ;D

I believe the BTC value will increase in the coming time, the value that I hope the BTC achieved in 2018 is $ 20000. I quite put faith in this market, it is still new.

people honestly just make some random bullshit out of the air with no backing as to what there saying, I could say it could be ZERO, or A BILLION both would be out of the air bullshit, the amount is what people want it to be!

ETFs come with strings attached (regulations). Prices could go up, up, up or go down even more. My 2 cents

I don't necessarily think so, I think we will see a spike in price though. But I really hope it will take off like that.

Bitcoin prices this year is not likely to surpass the $20,000 mark of last year. The way I see it, prices will rise as more persons begin to invest, this will increase the awareness and it's acceptance. As it gains more acceptance, the prices will then drop due to series of regulations, it will then get to the "stable zone" where the volatility would become very minimal. That is my postulation.

I really doubt we will see it approved anytime soon. and to believe Bitcoin will reach $65,000 shall make people think to join a rehab hospital.
We will surely see the price increase a little just some days before but after it will be denied you can be sure the price will down, perhaps under $6,000

hahha... this is a very doubted prediction.

i dont think btc price can get to such price this year 2018

but come to think of it, i still see it in another as a possibility, because in the year 2017 nobody ever think its gonna get to $18000+ per one 1btc. so because of this on the other hand, it can also get to it but the line is very very thin

I also believe in the bright future of BTC but I think that $65 000 is too optimistic.
Maybe the price will rich its high of the last year, or will increase a little bit higher.