Bitcoin ETF

[iTradeBit]

While many traders are eagerly awaiting a potential Bitcoin exchange-traded fund (ETF), some of the most ardent supporters of cryptocurrency are tepid at best for the prospect of such a tool. What's your opinion? Do you want Bitcoin ETF?

[rodalutor]

I would like an ETF, it adds legitimacy to bitcoin and also provides access to the market for some investors who up to this point would not have invested. However I don't think it will have a large influence on market price, it is not currently hard to invest in BTC and the large majority of people interested in doing so would have done so already. An ETF isn't going to bring much new investment, it's just a new channel for investment.

[novikov433]

waiting because there will be very cheap vanilla options and volatility indices on the crypt.

[Schirer]

While many traders are eagerly awaiting a potential Bitcoin exchange-traded fund (ETF), some of the most ardent supporters of cryptocurrency are tepid at best for the prospect of such a tool. What's your opinion? Do you want Bitcoin ETF?

This is something tha wont happen soon because the only way US SEC will approve ETF is if the market is regulated properly and manipulation is not happening in such huge amounts as it is now,

That being said, yes i want to ETF happen.

[jossiel]

Bitcoin ETF proposals are nearly forgotten but there's last one decision and no more delays which will come out by February. I'm neutral on this and I have seen rejections of it last year so I'm expecting that nothing new will happen.

If it gets rejected again then don't put attention and hope with it anymore. The market can stand on its own even without these but our expectations are increasing and most thinks that this is needed.

[PointHope]

Seems to me, the custody of said Bitcoin is a major issue.

Is Wall Street worthy of anyone's trust???

Unlike precious metals, stocks, bonds, ect; Bitcoin is immutable.

This trust-less feature is the biggest aspect of Bitcoin value.

It's obvious no one can trust government or Wall Street.

Bitcoin is a true revolution, which no one really saw coming.

[mk4]

An ETF is beneficial to bitcoin or the cryptocurrency markets in general as it adds liquidity to the markets. Some people are sort of lukewarm or some even against an ETF probably because they don't want institutional money into bitcoin. Unfortunately, whether we like it or not, bitcoin is for everyone. Whether your just a typical employee, or a government body.

Anyway, the reason why most people want an ETF, is simply because a lot of people think that an ETF would be the catalyst for bitcoin to skyrocket in price. They want to be rich quick. Nothing new here.

[BlockGroup]

It will be interesting to see how this plays out over the next while, I think everyone is hoping for it based off the impact the Bitcoin Futures had on the market this time last year.

I have seen it mentioned before that the Thin Order Books associated with Crypto is something that is taken into account when making this decision, I cannot imagine the current market has improved this situation if it is indeed something considered.

[PointHope]

It will be interesting to see how this plays out over the next while, I think everyone is hoping for it based off the impact the Bitcoin Futures had on the market this time last year.

I have seen it mentioned before that the Thin Order Books associated with Crypto is something that is taken into account when making this decision, I cannot imagine the current market has improved this situation if it is indeed something considered.

I'm thinking the excitement of Bitcoin Futures market triggered the massive short selling.
Much based on Bitcoin which didn't even exist.
Wall Street is famous for shenanigan trading assets and commodities which don't exist.

Likely when Bitcoin comes back it will come back with a vengeance...hahaha 

[CryptoJunky007]

It will be interesting to see how this plays out over the next while, I think everyone is hoping for it based off the impact the Bitcoin Futures had on the market this time last year.

I have seen it mentioned before that the Thin Order Books associated with Crypto is something that is taken into account when making this decision, I cannot imagine the current market has improved this situation if it is indeed something considered.

I'm thinking the excitement of Bitcoin Futures market triggered the massive short selling.
Much based on Bitcoin which didn't even exist.
Wall Street is famous for shenanigan trading assets and commodities which don't exist.

Likely when Bitcoin comes back it will come back with a vengeance...hahaha 

As a matter of fact. Bitcoin futures had a very negative impact on the crypto market. Read this:

https://bitcointalk.org/index.php?topic=5072733.0

[pooya87]

i think you are about 4 months too late since what you are saying here used to be true about 4-5 months ago, many were waiting for ETFs to be approved and the price to shoot up because of them. then SEC kept rejecting one after another and also people slowly started to realize that ETFs aren't really as good as they are advertised for bitcoin's future so they stopped wanting them.
i think these days there may still be some people who want ETF but nobody has any hopes of them being approved anymore.

[jubilarian]

I want ETF and hope that SEC will approve it. But bad news is SEC extended a rule change proposal allowing the nation’s first bitcoin ETF, pushing the decision deadline to next year, they said it was extending the review period for the ETF to Feb. 27, 2019.

[lrvjvt]

The Bitcoin ETF may not necessarily lead to the rise of Bitcoin. The Bitcoin ETF is only a process that must be experienced on the development of Bitcoin. It does not mean good, nor does it mean bad. We should not put too much to the ETF,  which has little to do with the future trend of Bitcoin.

[squatter]

While many traders are eagerly awaiting a potential Bitcoin exchange-traded fund (ETF), some of the most ardent supporters of cryptocurrency are tepid at best for the prospect of such a tool. What's your opinion? Do you want Bitcoin ETF?

I don't want them, no. Paper markets will inevitably screw people over, whether because of fractional reserve, custodial losses, market manipulation. People like the idea of a physically-backed ETF because they feel it's more like "real BTC" than instruments like cash-settled futures. But since ETF shares are trust-based pieces of paper, they're still antithetical to Bitcoin. I'm also not sold on the idea that institutions need, or are waiting for, an ETF.

[dothebeats]

Bitcoin ETFs are anticipated due to its expected price boost to the market; it couls potentially spark another bull run to a new ATH, igniting yet another cycle of the market. They are only good for a certain amount of time, but once people on the other side of the spectrum decides that they have had their fill, they'd intentionally bring the market down just so they can have a good entry point again should they decide to come in on the market once more.

[meanwords]

I neither don't or want it because it really doesn't make any impact in the crypto world. There are a lot of exchanges already and that another one (which is more safe I guess) is just another addition to the collection. I would say I still agree with it being a pass.

[Wind_FURY]

OP, the honey badger does not care. With an ETF, or without, Bitcoin will continue on for as long as it takes and for as long as there is no cryptocurrency worthy enough to replace it.

Bitcoin ETFs are anticipated due to its expected price boost to the market; it couls potentially spark another bull run to a new ATH, igniting yet another cycle of the market. They are only good for a certain amount of time, but once people on the other side of the spectrum decides that they have had their fill, they'd intentionally bring the market down just so they can have a good entry point again should they decide to come in on the market once more.

I believe Bitcoin will be on its way to a new ATH regardless.

[VaLeRaaa]

Bitcoin ETFs are anticipated due to its expected price boost to the market; it couls potentially spark another bull run to a new ATH, igniting yet another cycle of the market. They are only good for a certain amount of time, but once people on the other side of the spectrum decides that they have had their fill, they'd intentionally bring the market down just so they can have a good entry point again should they decide to come in on the market once more.

There is a rather authoritative opinion that the probability of approval is only 10%. Of course this is just a human opinion, only the elect know exactly)
Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim, has said that while the probability of the approval of a Bitcoin ETF could increase over time, as of now, there only exists a 10 percent chance for the ETF to be approved.
https://hacked.com/if-bitcoin-etf-doesnt-happen-by-february-how-will-it-affect-the-market/

[biskitop]

yes, it is a kind of loan fund to start investing or trading in bitcoin and it can be something that can attract more people.

[rodalutor]

i think these days there may still be some people who want ETF but nobody has any hopes of them being approved anymore.

If you read enough threads here or go to any telegram groups you'll see a lot of people still clinging to the hope of an ETF saving their investments. Most probably however these people don't make up a large portion of the community and are even less significant when considering the total amount they have invested.

OP, the honey badger does not care. With an ETF, or without, Bitcoin will continue on for as long as it takes and for as long as there is no cryptocurrency worthy enough to replace it.

Too true, an ETF doesn't change bitcoin for better or worse, it just adds slightly more notoriety. If people invest in BTC it won't be because there's now an ETF, it will be because they believe in BTC.