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Title: Bitcoin ETF, what is it really? Post by: 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? Title: Re: Bitcoin ETF, what is it really? Post by: lovesybitz on August 20, 2018, 02:17:17 PM I agree with you. Bitcoin ETF is indeed a good platform for more adoption in a globale scale. Once listed, the notion that only techie people can be involved in bitcoin investment will be a thing of the past.
I like it when you point out that technicalities such as creating a wallet and maintaining access on it is not a necessity anymore. It is really a good pitch for non-techie investors. All they have to know is that bitcoin is a great and potential investment and they're all set. Title: Re: Bitcoin ETF, what is it really? Post by: Samarkand on August 20, 2018, 02:22:01 PM ... It has a low operating expenses with no investment minimums. ... This depends on the details of the respective ETF. E.g. the new VanEck SolidX Bitcoin Trust (the 3rd attempt of VanEck to get a Bitcoin ETF approved by the SEC) has a investment minimum of 200k $. Quote Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with the Securities and Exchange Commission on Wednesday. https://www.cnbc.com/2018/06/06/vaneck-tries-a-third-time-for-a-bitcoin-etf.html Even if the VanEck ETF gets approved, which is looking unlikely at the moment, the investment minimum will make a participation for most people impossible. Title: Re: Bitcoin ETF, what is it really? Post by: Giardina on August 20, 2018, 02:25:52 PM The topic of bitcoin is the most popular in the last year,it is a good indicator.More and more people understand the value of bitcoin both as an investment and as a progressive phenomenon.
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 20, 2018, 03:53:19 PM This depends on the details of the respective ETF. E.g. the new VanEck SolidX Bitcoin Trust (the 3rd attempt of VanEck to get a Bitcoin ETF approved by the SEC) has a investment minimum of 200k $. Quote Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with the Securities and Exchange Commission on Wednesday. https://www.cnbc.com/2018/06/06/vaneck-tries-a-third-time-for-a-bitcoin-etf.html Even if the VanEck ETF gets approved, which is looking unlikely at the moment, the investment minimum will make a participation for most people impossible. Thank you for shedding more light on the bitcoin ETF Samarkand. It is good to note that respective ETF will have differing details and yes, investment minimums too. But by principle, ETFs were supposed to be investment minimum free. Unfortunately (if you read further on the same article you quoted), the hefty $200,000 per share of VanEck SolidX Bitcoin Trust was intended for institutional investors and not retail ones. I do believe that until the totality of the proposed Bitcoin ETF gets approved, most of the news we will see are partial. I will remain hopeful that retail investment will have no minimums for this passive investment instrument to remain truly ETF. Title: Re: Bitcoin ETF, what is it really? Post by: lolehiM92 on August 20, 2018, 04:11:24 PM ETF shareholders do not directly own these assets, but instead own ETF stock ownership, which makes bitcoin etf more different than investors in ICO programs.
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 20, 2018, 04:20:06 PM ETF shareholders do not directly own these assets, but instead own ETF stock ownership, which makes bitcoin etf more different than investors in ICO programs. Thank you lolehiM92 for expounding the sense of ownership when it comes to ETF. Truly, with Bitcoin ETF, shareholders does not own any bitcoin per se. They only have stock ownership. But it is a good point to remember that liquidity remains high at all times even if one only holds an ETF. And it is in the same sense that technicalities on safe guarding your crypto asset becames fairly easy as one does not really own an actual bitcoin at hand but gains nonetheless under the same bitcoin economy with nearly the same potential as actual bitcoin owners. Title: Re: Bitcoin ETF, what is it really? Post by: blueteam09 on August 20, 2018, 04:23:03 PM ETFs are like a passport to legitimize Bitcoin to help investors trust it. Many investors believe only in what is protected by law and many investors at the moment assume that if Bitcoin passed the ETF will rise again. Many say the ETF will be the lifeline of the Cryptocurrency market.
Title: Re: Bitcoin ETF, what is it really? Post by: 1richkid on August 20, 2018, 04:27:39 PM 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? I'm concerned about the security of ETF, if it can be a safe haven for crypto I believe more mainstream interest will be aroused as more people will be sure they are safe from hacks and scams Title: Re: Bitcoin ETF, what is it really? Post by: rudox on August 20, 2018, 04:32:38 PM ETF will really help bitcoin in having more demand and wider adoption. I am only having double mind if SEC will sanction it. I read somewhere that it will take a new entrance into the SEC basket about 240 days. This means it will be around February 2019 before we know whether ETF will be successful or not. But every postponement of the admission reflect on the market and push it further down.
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 20, 2018, 05:26:17 PM ETFs are like a passport to legitimize Bitcoin to help investors trust it. Many investors believe only in what is protected by law and many investors at the moment assume that if Bitcoin passed the ETF will rise again. Many say the ETF will be the lifeline of the Cryptocurrency market. I really believe that bitcoin is not illegal per se inspite of it being unregulated by many governments. But i am with you on the opinion that the Bitcoin ETF will help build trust to investors and even extend that trust to non-crypto/non-techie investors too. As you well spoke of it, many investors believe that an investment protected by law and governed by ruling authority on market and finance is a sound investment to begin with. And yes, i do agree too that the Bitcoin ETF will be one of the many life lines that will keep the cryptocurrency market alive and afloat. Thank you for sharing your knowledge blueteam09. I believe this way, we help others, and ourselves as well, stay relatively informed. Title: Re: Bitcoin ETF, what is it really? Post by: cuong1610 on August 20, 2018, 05:35:32 PM What are your thoughts? The Bitcoin ETF acceptable, which is really a very positive signal. And it will attract more people to join the cryptoTitle: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 21, 2018, 05:23:15 AM The Bitcoin ETF acceptable, which is really a very positive signal. And it will attract more people to join the crypto Yes indeed cuong1610, once Bitcoin ETF gets approved, it will send a very positive signal which in turn will strengthen the confidence of possible investors, both institutional and individual. And as it attracts more people to join the crypto economy, this will also bring cryptocurrency in the mainstream market of finance & trading. A great deal of advantage for all of us. Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 21, 2018, 08:37:01 AM But every postponement of the admission reflect on the market and push it further down. Hi there rudox! As much as we witness the sharp fall of bitcoin after the postponement of bitcoin etf, many experts believe that this is a good thing. And if you read and follow articles you might gain a sense of appreciation on SEC's reasons of delaying the approval, in which, allow me to quote: Quote While the SEC has had to play catch-up with initial coin offerings, where companies issue their own cryptocurrencies in a crowdsale, the US regulatory body has more control over the approval and rollout of Bitcoin ETFs. In its statement on Direxion's Bitcoin ETF, the SEC said that it needed more time to decide because it wanted to allow for “additional analysis.” This analysis would in part be used to determine whether or not the SEC is equipped to “prevent fraudulent and manipulative acts and practices” upon approval of Direxion’s Bitcoin ETF, and whether it could “protect investors and the public interest” as well as “promote just and equitable principles of trade.” Read the full article here: https://www.longhash.com/news/a-delay-on-bitcoin-etfs-is-probably-a-good-thing Title: Re: Bitcoin ETF, what is it really? Post by: talkbitcoin on August 21, 2018, 09:02:33 AM 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. i am no expert but this part doesn't sound right to me. since ETF is tied to bitcoin and even though the changes may differ but it still is the same thing and you still need to have trading skills to invest in ETF and be successful. the same swings will happen there too! as for "no investment minimum", is it lower than directly investing in bitcoin? i seriously doubt it! Title: Re: Bitcoin ETF, what is it really? Post by: jmvzlfyg on August 21, 2018, 09:04:24 AM ETF is very helpful to Bitcoin and the entire encryption industry. It can not only bring huge amounts of money into the market, but also greatly enhance the recognition of Bitcoin around the world.
Title: Re: Bitcoin ETF, what is it really? Post by: Jessica2009 on August 21, 2018, 09:40:06 AM According to my studies ETF means exchange-trade-funds it may seem as similar to mutual fund but it is different from each other . We need only a demat account for trading in ETF the market price is decided during market hours . Mutual fund is decided after the closing of the market . Mutual fund is purchased in fractions and ETF is purchased as a whole . To my concept ETF approval can help to increase the value of Bitcoin .
Title: Re: Bitcoin ETF, what is it really? Post by: 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
Title: Re: Bitcoin ETF, what is it really? Post by: Uyiosarugue1 on August 21, 2018, 09:50:02 AM ETF shareholders do not directly own these assets, but instead own ETF stock ownership, which makes bitcoin etf more different than investors in ICO programs. In addition, ETF bitcoins will not be traded in the conventional exchanges, there will be some sort of parallel market -an Over-the-counter OTC market where it will be traded. Title: Re: Bitcoin ETF, what is it really? Post by: beniesyde on August 21, 2018, 09:59:39 AM ETF greatly helps Bitcoin and the entire encryption industry. He can not only bring huge amounts of money to the market, but also significantly increase the recognition of bitcoins around the world. I only have a double mind if the SEC will sanction it. I read somewhere that it will take a new entrance to the SEC basket around 240 days. This means that it will be around February 2019, before we find out whether the ETF will be successful or not.
Title: Re: Bitcoin ETF, what is it really? Post by: bitlind on August 21, 2018, 08:29:24 PM 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.
Title: Re: Bitcoin ETF, what is it really? Post by: 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.
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 22, 2018, 05:22:02 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. Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 22, 2018, 05:29:53 AM 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. Title: Re: Bitcoin ETF, what is it really? Post by: 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 )
Title: Re: Bitcoin ETF, what is it really? Post by: Zre on August 22, 2018, 09:30:32 AM 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. Title: Re: Bitcoin ETF, what is it really? Post by: Macon Bargeman on August 22, 2018, 10:49:41 AM 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. Title: Re: Bitcoin ETF, what is it really? Post by: Marbelli on August 22, 2018, 11:21:47 AM I think that this is an opportunity to grow well for the market and finally finish this long period of correction
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 22, 2018, 01:26:22 PM 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. Title: Re: Bitcoin ETF, what is it really? Post by: cryptofeel on August 22, 2018, 03:12:38 PM 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.
Title: Re: Bitcoin ETF, what is it really? Post by: Kprawn on August 22, 2018, 04:07:42 PM 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. ::) Title: Re: Bitcoin ETF, what is it really? Post by: Dolarin on August 22, 2018, 04:21:52 PM 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
Title: Re: Bitcoin ETF, what is it really? Post by: Goodnuel on August 22, 2018, 04:37:32 PM 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.
Title: Re: Bitcoin ETF, what is it really? Post by: Silenox on August 22, 2018, 05:02:19 PM 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.
Title: Re: Bitcoin ETF, what is it really? Post by: 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
Title: Re: Bitcoin ETF, what is it really? Post by: CrimBit on August 22, 2018, 05:15:15 PM 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? 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.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? Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 23, 2018, 12:32:36 AM 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/ Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 23, 2018, 02:02:22 AM 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. Title: Re: Bitcoin ETF, what is it really? Post by: 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
Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on August 28, 2018, 03:30:39 AM 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. Title: Re: Bitcoin ETF, what is it really? Post by: CoinsGazer on August 28, 2018, 03:51:09 AM In the long run, it is definitely good.
ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market. :) Title: Re: Bitcoin ETF, what is it really? Post by: BitcoinPanther on September 10, 2018, 09:58:28 PM In the long run, it is definitely good. ETF is an exchange-traded fund. The Bitcoin ETF is equivalent to a fund product that directly targets the benchmark bitcoin price index. Once this fund product is launched, investors can easily invest in Bitcoin in the securities market. :) Though we saw a lot of bitcoin etf proposals rejected by the SEC last month alone (which includes Direxion, ProShares & GraniteShares), we are still hopeful that among strongest contender, Van Ack Solid X Bitcoin ETF, will see the light soon. And with the US SEC suspending the trade of Swidish Bitcoin investing instrument (Bitcoin Tracker One), there's a lot of speculation that they seem to be clearing the air for an upcoming approval of a US approved bitcoin ETF. Let's just hope that the proposals under review as of the moment comes strong against SEC's worry of price manipulation. Title: Re: Bitcoin ETF, what is it really? Post by: Irfansyed on September 13, 2018, 02:52:44 AM . The ETF is not needed to progress the technology behind cryptocurrencies, blockchain. we don't need the bitcoin ETF. We just eagerly waiting for the strong market.your dlive video always perfect and very important every steemians.
Title: Re: Bitcoin ETF, what is it really? Post by: Rohtox on September 13, 2018, 03:24:54 AM bitcoin ETF is important in my opinion because with that news might make people sure to invest in bitcoin and it will definitely be big news this year and prices will rise again if it is approved.
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