Bitcoin Forum

We heard a lot about merchant adoption and the killer app as being the thing that will drive adoption, but it seems like that will happen slowly. So why is there hype for the ETF?

Because majority of the forumers here think wall street managers are idiot and will buy bitcoin and hence bring the price to the moon.

Weellll, yes, but there's also the fact that I can't buy Bitcoin with my 401k account, and most fools and their money have heard that penny stocks are bad by now.  But Bitcoin!  Hey Phil, this is your broker, wanna buy some Bitcoin?  Have you heard of this???  It's the latest thing, here are the numbers, you can Google them if you don't believe me!

ETF is just another notch in the bedpost, and it will bring in some demand.  How much is anyone's guess.

It's a safe and regulated way to buy into BTC if you're so inclined.

There's no risk of coins getting lost. You don't have to secure them yourself. You don't have to send money to teenagers in remote countries and hope they don't run or get shut down. You'll be able to buy them through professional avenues.

I've no idea how much extra demand it'll create, but it does remove an awful lot of dangers, hurdles and doubts.

Electronically Traded Funds give security to those who launched it... Now, if u invest there, u get a pie of that security... SIMPLE.

The ultimate valuable thing is belief, trust... the sense of security :)

So does circle?

Indeed. But that's purely retail.

Financial advisers and investment types have to follow much stricter rules as to where they stick their clients' money. You can also use it to buy in with investment vehicles like 401ks etc. You can't do that with Circle.

Circle makes consumer adoption easier but it is not a good vehicle for buying large amounts of bitcoin as the have relatively small limits as to how much you can purchase at a time, while an ETF would have no such limits