Why does anyone care about BTC ETF?

[ogabonny]

Most persons within the crypto space are interested in the bitcoin ETF approvals because it is believed to be able to bring a flood of new investors to cryptos and as such better price movement

[josephdd1]

Most persons within the crypto space are interested in the bitcoin ETF approvals because it is believed to be able to bring a flood of new investors to cryptos and as such better price movement

That's very true. Having ETF approval will encourage a more stable price and establish more trust in crypto ultimately leading to more investors and corporations to consider crypto as payment source.

[Netnox]

The repeated rejections can be very frustrating. But at the same time, I should say that if an ETF was approved, then we could have gained millions of new users. Perhaps that is the reason why the wall-street was so afraid of the ETF and did all it can to block it.

[shoreno]

anyone ? no im not . not all people care about etf ,  i dont even know what is that etf they are talking about and what is his role to bitcoin . all i only know is etf start to accept bitcoin , the value of bitcoin will expected to increase to a new level .  from that , i think etf is a reputable organization or a kind of bank  ( if im not mistaken ) .

[armarsterling7]

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?

Bitcoin ETF does not adversely affect the price of Bitcoin. It makes many investors feel more secure and want more investment. Because ETFs will always be valued over time and it is suitable for many investors who want to invest safely.

[f12345]

when an ETF becomes available, the price really increases dramatically, as suddenly that commodity becomes available to a lot more investors and these investors pile on. But, the other side of it, is that there are always these claims that the commodities markets are heavily manipulated and opening up these ETFs only increase the ability of institutional investors to manipulate the prices of commodities

[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.

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.

We need to get out the people who only want to make money from bitcoin,they don't even understand how the decentralization can change the future of ours.THis bear market already trashed some investors who just invested to make money only the long term holders still hoping that the bitcoin is capable of providing more in long term.

[Azima85]

my underatanding is that ETF will get institutions who are interested in the crypto space to actually buy bitcoin instead of just trading its futures for example.

[Idrisu]

I don't really know why we should care about this ETF. After all ETF will make bitcoin be like stock.  The major reason why bitcoin has been dropping is because of this ETF issues and I believe if those behind can forget about it bitcoin price will be going up.

[figmentofmyass]

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.

a physical ETF doesn't really affect supply and demand of the underlying market. okay---the trust (or whatever is holding the BTC) needs to be funded with BTC, so that does eat up supply initially. but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again. it should just follow the spot market.

also, i'm pretty sure the applicants for physically backed ETFs (winklevoss, solidx) have already funded their trusts. so none of the ETF stuff should really affect supply at all.

[el kaka22]

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.

A lot of people keep saying this, but the question you should be asking yourself is how ?
Whether it would make the market more mainstream, we do not even know. Whether, there would be more money in the market ? The market simply has been growing on its own over the years without any regulation.

I know it could usher in some growth but we really need to consider the aspect where bitcoin would not at some point get to be what it was meant to be if all these things start panning out. I may be wrong, but I see us doing better in the long run without any ETF approval.

[Marcel555]

Bitcoin ETF would mainly increase the adoption of bitcoin, as it would be available as a traded fund and most who are wary of the volatility in the market would be able to invest in something more stable.
But I personally don't see it having much of an impact on bitcoin as a digital currency. And the price

[cedrixperez]

I'm not pretty sure but Bitcoin ETF could change the crypto world cause if Bitcoin etf will be approved definitely bitcoin price will have a huge increased and bitcoin will be more popular in the world and might be accept as legit payment globally and lots of investors will invest in btc because btc will be legalize.

[1Referee]

but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again.

Can you point me to anything confirming that when it comes to the VanEck ETF?

I have done my best to read through the relevant parts of the proposal but nowhere does it state anything like what you are trying to imply.

[TomCrypto]

Just a comparison of what happened with Gold ETF that you could find on internet :



The ETF could bring more "BIG" Institutionnal Players to BTC market that couldn't buy bitcoin without ETF due to regulation and this may bring a new flux of money into cryptomarket.

[Taki]

Crypto currencies are in trend now and everybody wish to earn money with their help. That's why all of those experts and their words are so important, people are simply waiting for the most perfect moment to buy crypto, as much cheap as it is possible, and normally they want to know the top price to sell and to get maximum profit.

[figmentofmyass]

but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again.

Can you point me to anything confirming that when it comes to the VanEck ETF?

I have done my best to read through the relevant parts of the proposal but nowhere does it state anything like what you are trying to imply.

reading through the proposal, you're right, there are provisions that allow the trustee to interface with the spot market to create or redeem baskets as needed. there are lots of closed-end ETFs that don't issue new creation units after launch, but i guess that's not the case here.

i do wonder how common new issuance would be post-launch. i suppose if wall street is really waiting for an ETF then it should trigger premiums over NAV that'll justify new issuance. we'll see......

[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.

a physical ETF doesn't really affect supply and demand of the underlying market. okay---the trust (or whatever is holding the BTC) needs to be funded with BTC, so that does eat up supply initially. but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again. it should just follow the spot market.

also, i'm pretty sure the applicants for physically backed ETFs (winklevoss, solidx) have already funded their trusts. so none of the ETF stuff should really affect supply at all.

And what happens when the interest in these ETFs happens to be higher than they initially assumed? For instance they have prepared to back 100 million USD and after first 6 months they get potential investors willing to put in another 50? Wouldn't they increase their position?
Also, there's this psychological barrier that US regulators are against BTC. The SEC approving an ETF would certainly raise confidence worldwide. That's what people are hoping for.

[irsykes]

Because it is good news for people, and good news means increased price. that is why people really wait and care about it. When people got profit and have advantage from something, they will support it.

[hubballi]

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.

a physical ETF doesn't really affect supply and demand of the underlying market. okay---the trust (or whatever is holding the BTC) needs to be funded with BTC, so that does eat up supply initially. but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again. it should just follow the spot market.

also, i'm pretty sure the applicants for physically backed ETFs (winklevoss, solidx) have already funded their trusts. so none of the ETF stuff should really affect supply at all.

And what happens when the interest in these ETFs happens to be higher than they initially assumed? For instance they have prepared to back 100 million USD and after first 6 months they get potential investors willing to put in another 50? Wouldn't they increase their position?
Also, there's this psychological barrier that US regulators are against BTC. The SEC approving an ETF would certainly raise confidence worldwide. That's what people are hoping for.

What you are telling is correct that people;s confidence will get more if it got included in ETF but it will also make bitcoin to be traded without physical and which will create more volatile in the market and big players can manipulate its price with futures trading and which is not good in the favor of bitcoin traders.