"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 ?

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.

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.

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.

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

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.

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.

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.

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

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.