Why does anyone care about BTC ETF?

[www.crypago.com]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

[wayaneka]

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

[juperos]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

BTC ETF is a great investment fund if the SEC accepts execution. ETF is a very good investment fund and it will usually grow every year. It will prevent the manipulation a lot. But the SEC said they would not cooperate because they disagreed with the way the market operates.

[Awesomus Maximus]

This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here? [/b]

No you are spot on, man. I'm totally with you. True believers in bitcoin don't care about ETF. The people who care are speculators, the ones who would like to have another pump to make money of off bitcoin.

[hugeblack]

Many of those who have recently joined/used Bitcoin are interested in profit rather than decentralization.Perhaps a large part of them do not know decentralization.
ETF mean A lot of investment money means more price rises. So many people care about it.
Also, one of the most important reasons is the absence of good news this year so everyone is trying to get some positive.

[nicolas1979]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

Not me, all I care until now is just bitcoin price action. In this situation positive price moving from bitcoin will make life again and others will follow, that's the main rules. About another people who replace their trust into another coin or follow ICO project in big faith and asset is up to them, they have different mindset and strategy. For me ETF is like another coin, follow bitcoin and even have significant price action is only temporary.

[Sereda_Rostislav]

The head of the payment crypto-startup Abra, Bill Barhydt (Bill Barhydt) believes that the Securities and Exchange Commission of the United States will approve the launch of Bitcoin-ETF within a year. He told about it on the air of the program "Squawk Box Europe" on the CNBC channel.

"It will happen in the coming year. I would bet on it. This product is too much demand, "- said the expert.

[trecore4]

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

Yes, that is the actual reason about the crypto currency ETF approval and we should care about it if we want to earn some nice profits out of our hard investment that we made during so many years. Bitcoin is our digital gold and everyone is expecting it to boom like crazy and if thats the case then whats wrong in thinking about the ETF and caring about its approval really. It will surely create a strong backbone to the crypto currency and thus make it look good over the time. We need such updates in between for crypto's long term success and crypto push forward.

[Tytanowy Janusz]

Because ETF are easiet way to invest in any asset. Imagine investing in bitcoin without risk of exchange beeing hack or you beeing hacked. You will be able to buy this ETF from any broker (even not crypto broker) and found will buy and store your btc. It will make lots of investors scared of storing crypto by themselve jump into crypto world. It will also show BTC to new investors. Imagine having in your broker porfolio Oil, gold, silver, s&p500, ETF next to BTC ETF. It will open many dors for BTC.

Investing in bitcoin will be dozen times easier and safer. Thats why everyone is waiting on it.

[taiwww]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

To be honest very few of them really care about the ETF stuff. Some of them are even lazy enough to know about it and this all takes me to one conclusion mostly they just want that thing to be over with so that the current situation of the crypto currency where ups and downs are getting to volatile will be over soon. This is important for them because they just want the crypto to be paying with their investment because of the ETF and SEC stuff, its making the crypto go fluctuate a lot. For me ETF is important because it can really take the bitcoin to next level and thus waiting for it come with at least single approval.

[kryptqnick]

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

I agree with the op more than with this. ETF is bad for ecosystem. Probably not as bad as bitcoin futures that blindly manipulate the price without caring much about the real one. The price could have increases if btc was approved, sure, but it would contribute to the general trend of trading cryptocurrencies instead of using them. People are starting to forget the initial ideas. Fiat has problems, cryptos solve them and give freedom. We should do our best to make sure crypto payments are accepted more and more. The obvious demand should appear and this will stimulate businesses to accept cryptos. As people are more concentrated on trading than on using, we are moving further from the main point.
But ETF could also be a bad thing for hodlers as well, because the price would've got hyped fast and big time by newbies once again, which would inevitable lead to another crash once some big countries start to regulate cryptos and set some limitations or something.

[Furious 7]

Bitcoin is influenced by various policies and issues. this is important because we have seen some issues capable of dropping the price of bitcoin. and conversely, with positive news, bitcoin finds confidence and prices rise. Traders and investors need trust and comfort.

[Kemarit]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

Its because majority thinks that Bitcoin ETF will really bring the needed money to resurrect the market at its current state. They wanted to see bitcoin hits $20,000, all-time-highs, bullish trend but at the end of the day, the effect should be short live and it can really hurt the market in the long run. Just look at what's happening right now, everyone is waiting for the decision before FOMO'ing. But remember the custodian or institutional investors may have control over the market, and that is not good for all of us. Maybe Bitcoin ETF is inevitable, but I have mix emotions about it and to be honest, I think it will just damage the ecosystem.

[jrrsparkles]

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

[Gozie51]

The interest is because the ETF is suppose to cause a price surge upwards. More people will get into investment since that also means regulation as they will believe there is security for their investments but that will armtwist decentralization which is the mean purpose of cryptocurrency.

[mk4]

Simply mostly because people think an approved ETF would be the "catalyst" for bitcoin to break the bear market trend, though even if an ETF may be approved after some time I don't think the effect on the markets will be as significant as people are expecting. Most people in the cryptocurrency space doesn't care about anything but the profit anyway, hence most people don't care if bitcoin gets heavily regulated as long as the price increases.

[mostkey]

Maybe some people who lose money expect more for ETFs to raise prices again now that have not found a bright spot for a long time, I am also a person who does not support ETF fully because we are still comfortable with this, until now the price increase is quite normal because the ETF is not necessary, it all depends on the public trust in cryptocurrency, don't let others intervene to become centralized.

[darkangel11]

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

Not really. Only a physical ETF will. ETFs that don't hold bitcoin and only speculate on its price won't affect it. They will work like futures. Do we need another speculative investment that will allow people to bet on bitcoin without actually trading it? Of course we don't!
Why do people want ETFs? Because they want the bear market to end and we know that a catalyst would end it much sooner.

[Lanatsa]

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

This is actually the problem of most people where they do forcing to believe that ETF issues do really give big effects or really does matter on what would be the potential movement of the price.For experienced ones they will actually see no value and this cant really dictate on what would be the trend of crypto prices but as we all know that emotion can really be a big factor that can mainly affect crypto market in an instant.

[Thirdspace]

This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

approval BTC ETF doesn't ruin bitcoin decentralization, it regulates the ETF investment product
people hope that with ETF bitcoin will get more publicity to draw new fresh investor and money
more users and capital into the bitcoin system means more appreciation and pushes price up