Bitcoin F*cking ETF

[o48o]

It has always been easy to buy BTC, if you don't care about your privacy, you can buy it in a centralized exchange, but if you do care, then there are enough decentralized exchanges to buy BTC, as for storing it, open source self custody wallets like Electrum, Sparrow and BlueWallet is great to use. I think even institutional investors should learn the right way to buy and store BTC, because not their keys, is not their coins.

Self custody is a thing that's valuable for people that are tech savvy and organized enough to keep their privatekeys safe, that i agree with.

But i am not sure how much more privacy dex has over cex. I mean you have to buy the original crypto you are using to trade it to btc in the first place. And at least in EU, you need to reveal your id at some point for that. Even btc atms are using kyc these days, or when you are using bank card to buy it. Only semi-private way is to buy with cash from some random person p2p. And even then you could end up in trouble at some point when you need to cash out, and you don't have the proof of origin of that btc to provide.

[FASTPROFITTRADER]

Probably. Or probably not. What is just noticable about bitcoin spot ETF is that it would be approved by United States SEC in a time that will favour bitcoin price to move higher and higher it will go.

Bitcoin spot ETF is another reason that more people will have access, not directly but through bitcoin spot exchange traded fund.

I am interested in the fact that they do not accept it until there is a suitable situation on the chart

I believe that we don't need that ETF approval much to push up the market value of Bitcoin as I always prefer that movements should be coming from retail investors and not from big financial firms that can be here just for profits. However, there is no question that an ETF can surely open up more avenues for the whole cryptocurrency industry as this can be a big vote of confidence and can signify that BTC has come of age. In summary, I have a 50-50 optimism for ETF though of course I would not mind much if Blackrock can use its influence for its approval if not this year then eventually.

don't you think that with the help of ETFs, the cryptocurrency market will be filled with money and there will be less manipulation?

It may be possible or not possible.

It's possible. The price of Bitcoin has been relatively stable in recent months, and the SEC may be waiting for a clear trend to emerge before approving an ETF.
It could send the price of Bitcoin soaring. This is because an ETF would make it easier for institutional investors to invest in Bitcoin, which would increase demand and drive up the price. An ETF would provide a more liquid market for Bitcoin, which would make it easier for investors to buy and sell the cryptocurrency.


Or It's not possible. The SEC has been hesitant to approve any cryptocurrency ETFs, and it's possible that they will continue to reject applications until there is more regulation and oversight of the cryptocurrency market.

Only time will tell if the SEC will approve a Bitcoin ETF. But if they do, it could be a major catalyst for the cryptocurrency market.

I think they are waiting for a moment on the chart

All applications for BTC ETFs were rejected. do you think they are waiting for a moment on the chart to approve it?then we'll fly into space?

Does Bitcoin need ETFs to be accepted globally or among people, rich or poor? Absolutely not, you can buy bitcoin in several ways, and it varies by country, and the rich can buy bitcoin through the OTC market. It is true that ETFs will facilitate the adoption of bitcoin, but without them, bitcoin is still working and adoption is still increasing.

Some Bitcoin ETFs are accepted in Canada and all ETFs that rejected in the United States.

it seems to me that this will be an indicator of trust in the crypto market

Maybe my Bitcoins will be worth something after all. Anybody have any ideas of how to use the coin with an ETF to make big bucks? Should I buy the ETF when it comes out? Or will I be just as good simply hanging onto the Bitcoins? Thanks in advance.


SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport


https://finance.yahoo.com/news/sec-likely-approve-several-spot-124055427.html
The ETF providers would spend "considerable marketing expenses to draw in retail and institutional capital," Markus Thielen, head of research, wrote.

Matrixport noted that at its peak, the Grayscale Bitcoin Trust (GBTC) managed $43.5 billion in assets and generated annual management fees of $870 million.

The SEC will respond to Grayscale's GBTC lawsuit filing and ARK 21Shares bitcoin ETF refiling, next week. The regulator is expected to respond to seven other bitcoin ETF filings during the first week of September.

"A physical bitcoin ETF will likely carry a management fee of 0.7-1% which could still bring in $200m per annum for those ETF providers with marketing expenses front-loaded," the report said.

The note said that any SEC spot ETF approval could have a "material positive impact" on bitcoin's price, and investors should have enough "upside exposure" on any day that the regulator is scheduled to respond to the ETF applications.

If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and this is the "dip to buy," the report added.

CoinDesk's parent company, Digital Currency Group, owns Grayscale.
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I think that those who understand cryptocurrency do not need an ETF)))