Bitcoin ETF is finally here?

[creeps]

This is indeed a good news right? ETF will be launch on London stock exchange, the most anticipated news this year the ETF!

https://www.coindesk.com/a-blockchain-etf-is-launching-on-the-london-stock-exchange-today

Do you really see a big impact for this one? Well, i do and I know a news like this will matter. More ETF to come for sure so be ready for the future pump.

Also a great qoute from the CEO of Elwood Bin Ren said: “We believe the potential for blockchain to change the global economy is greatly underappreciated in today’s market, much like the internet was in the beginning, when most people couldn’t see past its usefulness for email.”

 For the past 10yrs of Bitcoin, still many are on doubt but this qoute should able you to see the true colors cryptocurrency, start taking risk and live better.

[1714852979]

1714852979

[1714852979]

1714852979

[1714852979]

1714852979

[Pursuer]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

[Dreamchaser21]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

I agree, its the most hyped ETF but I think a progress like this can also impact the market knowing that European countries are making moves to help the market up. This is a real challenge for cryptomarket, since USA is still a big factor so therefore the project developer should do their best so the US government will finally approve the proposed ETF.     

[avikz]

Ok! so before it becomes cluttered with many posts, lets dive into a very important question!

The question - Is it going to be a physical ETF or a synthetic one?

To find the answer, I visited the website of Elwood Asset Management LLP and looked into their press release dated 11 March, 2019. The press release says,

The ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents. The index offers exposure to
global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the
potential growth of blockchain technology.

So from the above paragraph, it is incorrect to say the Elwood is releasing a Bitcoin ETF and the company itself says that, they are launching "Blockchain ETF". They have no plan to invest in physical cryptos in any way. Rather, they are going to invest in blockchain related businesses. So don't bank on this because no impact comes to the crypto market. Read the press release from the below link,

https://elwoodam.com/press/

Thanks!
 

[dothebeats]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

US-based ETFs are nothing but hype trains. Due to the Wall Street being in close proximity with the ETF presenters, this becomes a huge news because institutional money is believed to have been involved in the process thus fueling the next bull run. I don't think though that ETFs alone would be an enough catalyst for the next run; it would play its part but certainly wouldn't fill all roles.

[crwth]

As we all know, there are a lot of people trying to get Bitcoin to be an ETF. It could bring a significant impact if it happens. Knowing that it's going to start in the London exchange that you are talking about, and I think it's different from the US-SEC that everyone wants. As stated from the posts above.

If it is approved, the most awaited one, it would be a big impact since it would be a big turn point towards the cryptocurrency space and a lot of people would be more fruitful if it were to happen. As I have read from Quora, it would be a bridge towards big-time investors and the cryptocurrency.


This is the specific link where I read it: https://www.quora.com/What-will-happen-if-Bitcoin-ETFs-become-approved

[Onuohakk]

This is quite a good news cryptocurrency enthusiast has actually been waiting for this sort of news for a while now.
Am very optimistic that this would improve the sector tremendously

[enhu]

There is not much excitements going on after is being announced today. No one seem to be panic buying. I think the idea that people can just buy certification about owning BTC isn't quite helping the market.  It doesn't mean a bid in the market but just a paper. Its no wonder we lose the excitement. Countries like Russia are already making some regulations about crypto which is more exciting.

[bitbunnny]

This is quite a good news cryptocurrency enthusiast has actually been waiting for this sort of news for a while now.
Am very optimistic that this would improve the sector tremendously

Plenty of countries have ETFs, it won't be a big deal and I'm pretty sure this one is just investing in a mix of crypto companies and not the coin directly.

Exactly and unlike many others I don't expect some big and significant changes. Many have expectations from ETF that are not real and can't happen over night. The effect on market is yet to see but like I said I don't expect anything on a big scale or long term.

[esetop01tryba]

I heard that in Australia, too, support ETF. Bitcoin in my opinion will achieve great heights in the future. It is supported all over the world and I believe that it will not stop. This is my personal opinion.

[franky1]

the ETF of the OP is not a 'bitcoin etf'

its a ETF where the portfolio asset is not actually bitcoin
its a ETF where the portfolio asset is not actually anycoin/token

its a ETF where the portfolio asset is shares of other companies with loose ties to crypto

[CryptoBry]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

I have the same feeling with this ETF thing. In fact, I doubt if once the USA SEC will eventually approve an ETF application if that can really make a big bang on Bitcoin in the long term. Maybe if that ETF can mean more strong demand for Bitcoin then maybe it can have a big impact but otherwise then it can just another stimuli that will not last for months. We need more market demand and we need more applications -- practical applications using Bitcoin related to eCommerce and anything else.

[proTECH77]

I heard that in Australia, too, support ETF. Bitcoin in my opinion will achieve great heights in the future. It is supported all over the world and I believe that it will not stop. This is my personal opinion.

ETF Australia and others haven't net positive impact on crypto market, we should be waiting to see that of the US Government which by approval will create a possible bull run in the entire crypto ecosystem. Although these ETF are good news for the general well being of the cryptocurrency world, and must be appreciated.

[gantez]

This is a good news with London ETF approval. This is a gradual process even though some people are talking more of US-SEC but if the London is real then it will be a matter of time because it will set a precedence for etf.

[socks435]

Don't expect too much on Bitcoin ETF it won't give big impact in bitcoin price. Everything in bitcoin depends on demand and supply. So if bitcoin become trending again the price may increase again.

The best time that we should wait is block halving. I'm not believe on Bitcoin ETF most of the crypto holder don't want to approve this because they don't want to track their investment.

[HODL2090]

As we all know, there are a lot of people trying to get Bitcoin to be an ETF. It could bring a significant impact if it happens.

There may be ulterior motives for those passing bills for the launch of one ETF or the other. Hence some of the concerns raised by the SEC about possible manipulations.
In ETF attracting institutional investors, I believe we already have them in the current market through over the counter trades.
ETF would be a plus but not so much of an impact on the value.

[vv181]

Do you really see a big impact for this one? Well, i do and I know a news like this will matter. More ETF to come for sure so be ready for the future pump.

It will not make a significant impact. I'm the kind of person that pretty much doesn't care too much about ETF. However doesn't completely bullshitting it since if we look in broader perspective actually, it has some kind of influence in the cryptocurrency market and adoption process.

In another side, People are completely missing the point of Bitcoin nature's and technologies. therefore I'd hope the majority that the ETF process will trigger mainstream curiosity to learn more about Bitcoin.

[Wildwest]

The news is pretty good too, because for now the bitcoin has started to emerge, the impact of the increase, although not as high as it is important, has not dropped again and is at least stable. I also look forward to the good news from the next ETF about bitcoin and blockhain

[omonuyak]

That a great and good news and that means bitcoin is about to get pump and make significant upwards movement in some days and months to come.  This ETF has been postponed several times and if it is approve now I believe it will influence the price positively.

[Leonardo7]

How I wish this was by the US-leg SEC that did approve ETF, I believe by now, the whole market would have been green. a massive buying would have been taking.

[hulla]

Ok! so before it becomes cluttered with many posts, lets dive into a very important question!

The question - Is it going to be a physical ETF or a synthetic one?

To find the answer, I visited the website of Elwood Asset Management LLP and looked into their press release dated 11 March, 2019. The press release says,

The ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents. The index offers exposure to
global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the
potential growth of blockchain technology.

So from the above paragraph, it is incorrect to say the Elwood is releasing a Bitcoin ETF and the company itself says that, they are launching "Blockchain ETF". They have no plan to invest in physical cryptos in any way. Rather, they are going to invest in blockchain related businesses. So don't bank on this because no impact comes to the crypto market. Read the press release from the below link,

https://elwoodam.com/press/

Thanks!
 

People are too excited about the news or trying to create some sort of bullish move in the market which I think was the reason they switch the blockchain mentioned to bitcoin because it was already stated as blockchain on every crypto related news site. But, with Elwood Asset Management ETF implementation something good will happen to crypto currency either.

[crzy]

How I wish this was by the US-leg SEC that did approve ETF, I believe by now, the whole market would have been green. a massive buying would have been taking.

We are so much hopeful for this one but I still see this news as a good one since London is also a great place and I know they can attract more investors. We are getting closer into this ambition, the US-SEC will approved the ETF very soon, let’s have patience and monitor the market.

[Oasisman]

How I wish this was by the US-leg SEC that did approve ETF, I believe by now, the whole market would have been green. a massive buying would have been taking.

We are so much hopeful for this one but I still see this news as a good one since London is also a great place and I know they can attract more investors. We are getting closer into this ambition, the US-SEC will approved the ETF very soon, let’s have patience and monitor the market.

Bitcoin ETF doesnt really give any significant changes in the market, not unless if people get too much hyped just any other good news un cryptospace. Good news brings hype to the investors. On the other hand, the US SEC approval will be the most anticipated Bitcoin rise, since it brings too much hype from the people already.

[crwth]

As we all know, there are a lot of people trying to get Bitcoin to be an ETF. It could bring a significant impact if it happens.

There may be ulterior motives for those passing bills for the launch of one ETF or the other. Hence some of the concerns raised by the SEC about possible manipulations.
In ETF attracting institutional investors, I believe we already have them in the current market through over the counter trades.
ETF would be a plus but not so much of an impact on the value.

People can never stop with the ulterior motives stuff but who can you blame? With the idea of people going into deep stuff to benefit themselves and their selfish intentions. Maybe not totally but a lot of people would benefit from it, that's for sure. I think the manipulation are the ones they are thinking of trying to stop. Ever since the time where there is certain bitcoin manipulation, shown in the link below, they are still hesitant towards Bitcoin.


Some articles that I have researched that is about Bitcoin Manipulation

Bitcoin Market Manipulation Detected by Artificial Intelligence
Much of bitcoin’s 2017 boom was market manipulation, research says
Was Bitcoin Really Manipulated?

[steveabrahams]

How I wish this was by the US-leg SEC that did approve ETF, I believe by now, the whole market would have been green. a massive buying would have been taking.

We are so much hopeful for this one but I still see this news as a good one since London is also a great place and I know they can attract more investors. We are getting closer into this ambition, the US-SEC will approved the ETF very soon, let’s have patience and monitor the market.

How do you know it is very soon? It's still unknown but if US-SEC really approved the ETF, i'm sure the price of bitcoin will rocketed up. Not only bitcoin, other altcoins will go up too. The thing is when is that happen, the ETF thing.

[aioc]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

This I agree people are posting how important the United States approval, when in fact we can move it without it, so many investors are waiting for the US announcement, if they approve it that's great if they cannot then we can move on, but there's to much delay now with their announcement.

[spadormie]

Bitcoin ETF was just hype for us. I guess that this thing will occur soon but not this time. Maybe 2 or more years. It's just business. Whales and other people are doing businesses, they really wanted bitcoin to dip so hard for them to gather a lot of money. And when the ETF comes, that's where they will sell.

[Winkletoss]

I agree the halfing will certainly increase the price, if a US-ETF will be approved there will be a lot of public eyes and people will start relying more on crypto’s, some people are still scared and don’t understand everything yet regarding this new technology and the future technology.

[Siren]

ETF issues only bringing wrong interpretations for many people here as for how many times cryptonians believe that this will bring hype for the market yet they are onky mislead by the issue

For me it wasn’t the ETF is the answer for the market bloomed again instead it was from us who believers to help the crypto by spreading how beneficial this is and when can bring to the world in future

[pooya87]

for what it's worth ETF is only hyped up these days because price has been in a downtrend for over a year and during that downtrend people were mostly desperate and were looking for anything that could reverse that trend and ETF being in the news became that "thing" they caught and put under magnifying glass and started hyping it up.
i assure you that when the rises begin in a couple of months where price constantly has 10-20% rises every two weeks, everyone is going to forget about ETFs.

[gabbie2010]

The most anticipated bitcoin ETF is the US-SEC approved ETF which is the one every investors  believed will have a significant impact on the price of bitcoin, this London approved one might not triggers any pump in the price of bitcoin of course since it approval by the London based SEC according to the above report I have not seen any pump in the price of bitcoin usually news of thus nature must generated a lot of media hype thus entice investors to putting in funds in to cryptos.

[creeps]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

This I agree people are posting how important the United States approval, when in fact we can move it without it, so many investors are waiting for the US announcement, if they approve it that's great if they cannot then we can move on, but there's to much delay now with their announcement.

I see, maybe this is the reason why even if we heard good news around the world if its not about US it will not make any big impact. Anyway, thanks for this clarification but still a news like this will important to me. I know every positive news with regards to cryptocurrency can make the market pump even if its just a small one.

[chrisjohny4316]

If ETF is there then it will be the great news .

[Kakmakr]

It was a good decision to rather ask a question about the ETF and not making a statement that a ETF was launched in the UK. As it turns out, this is not a actual ETF where physical bitcoins are bought and sold, almost like the Bitcoin Futures that was launched in many other countries.

It might also not be based on Bitcoin, but some other Blockchain technology. <So this might even be competition for Bitcoin.> 

[gribble]

It was a good decision to rather ask a question about the ETF and not making a statement that a ETF was launched in the UK. As it turns out, this is not a actual ETF where physical bitcoins are bought and sold, almost like the Bitcoin Futures that was launched in many other countries.

It might also not be based on Bitcoin, but some other Blockchain technology. <So this might even be competition for Bitcoin.>  

Yes you are right it is not bitcoin ETF but it is stocks ETF which addopt the blockchain technology,  it will not be competitor of bitcoin because it is not decentralize they are like common stocks. However i don't think that bitcoin needs ETF because bitcoin has proof of work and it does not  need third party all of regulation in bitcoin based on the blockchain and proof of work (PoW). We have full of control on our bitcoin, It is more better than ETF of stocks market.

[kelz1]

Investing in blockchain related businesses will still be more profitable than most stock on a regular exchange. It might improve perception and introduce more to crypto

[Viscore]

This is a good news but there is no impact in the market.

We can use this information to analyze that we have a big chance that the US ETF will be approve, soon I believe we will finally hear that news.

Slowly but surely we will be getting there, I am already getting used to this kind of news that has no effect in the market, I guess it's because people has not change their minds yet, they are still bearish until now. Let's just wait and see, hopefully a big surprise is coming.

[shoreno]

How I wish this was by the US-leg SEC that did approve ETF, I believe by now, the whole market would have been green. a massive buying would have been taking.

We are so much hopeful for this one but I still see this news as a good one since London is also a great place and I know they can attract more investors. We are getting closer into this ambition, the US-SEC will approved the ETF very soon, let’s have patience and monitor the market.

Bitcoin ETF doesnt really give any significant changes in the market, not unless if people get too much hyped just any other good news un cryptospace. Good news brings hype to the investors. On the other hand, the US SEC approval will be the most anticipated Bitcoin rise, since it brings too much hype from the people already.

yes , etf itself dont have a big impact on the price but this was considered a good news and if people hear a good news they will invest more in crypto .

by the way , i thought that etf were already accepted a few months ago  ?  that was also the cause for the price to increase above 4k but now i see another news again about etf  

. hmmm which one is telling the truth   ?  other times i can also read a news about the decline and delayed of sec's etf  .  im confuse to be honest  

[peter0425]

ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.

This what matter most. US is one of the biggest crypto traders right now so if we're ever get to see SEC approved it then it will have a huge impact compare to other countries ETF approval. It's good though if other countries will have it's Bitcoin ETF's however, the holy grail is the US of A.

[Stac]

The long awaited bitcoin ETF or exchange traded fund which is going to provide free accessibility to the trading index platform for all the people from any part of the world, there will be increased transparency in each trading transactions carried out all over the world and the risk factor in investing on crypto currencies will be reduced this ETF has the possibility to reduce fraudulent activities carried out through the crypto graphic network such as hacking. Infact this whole ETF has the capability to reduce the risk factor of bitcoin transactions thereby attracting more new investors to bitcoins which helps in increasing the price of bitcoins due to increased demand for bitcoins.

[semes]

This news market has been a long time and as we have seen, it has no effect on the price. These guys don't let us for make money with the arrangement they make.

[okala]

Yes this will have large impact on the market because if bitcoin make it through the ETF that will allow the more adaptation and legal and regulated framework that will burst investors confidence.

[antisocial77]

Wait for 2020.etf and bitcoin's run wll be the same date and i think middle of 2020 is the possible date for this.market maker will decide the exact date

[killat]

If Bitcoin ETF will be approved,  this will be a huge step ahead for btc's future. Not only the price will get more stable, but many new investors might come on market and adoption rate could increase significantly.

[btc_angela]

If Bitcoin ETF will be approved,  this will be a huge step ahead for btc's future. Not only the price will get more stable, but many new investors might come on market and adoption rate could increase significantly.

If you're taking about US SEC's approval for a bitcoin ETF then yeah probably it will really have a positive effect but I won't say it will be stable, we still don't know how will the market will react except that everyone is saying that the price could go on another level. So all eyes on US right now as expectations are very high for a approval.

[Viscore]

If Bitcoin ETF will be approved,  this will be a huge step ahead for btc's future. Not only the price will get more stable, but many new investors might come on market and adoption rate could increase significantly.

If you're taking about US SEC's approval for a bitcoin ETF then yeah probably it will really have a positive effect but I won't say it will be stable, we still don't know how will the market will react except that everyone is saying that the price could go on another level. So all eyes on US right now as expectations are very high for a approval.

I would not doubt it's chance to get approved, I'm sure it's gonna happen soon.
People is not hyping it and it seem they have forgotten it as they failed their expectation many times in the past.

Crypto is a place of high risk investors and the market is very unpredictable, when we least expect it, it will come, so for now we need to wait and see.

[Erickan]

Even if bitcoin ETF is approved, it is unlikely that the price of bitcoin will go up. When bitcoin ETF is approved, there will be many big investors coming into the market, but that doesn't mean that prices will increase. So don't expect too much bitcoin ETF, pay attention to the development of technology and its practical application.

[Becky666]

If Bitcoin ETF will be approved,  this will be a huge step ahead for btc's future. Not only the price will get more stable, but many new investors might come on market and adoption rate could increase significantly.

Bitcoin ETF when approve will actually trigger adoption of cryptocurrency. The major aspect of this market(cryptocurrency) is all about adoption and when this is done the entire market will receive a new dimension. 

[suzanne5223]

Even if bitcoin ETF is approved, it is unlikely that the price of bitcoin will go up. When bitcoin ETF is approved, there will be many big investors coming into the market, but that doesn't mean that prices will increase. So don't expect too much bitcoin ETF, pay attention to the development of technology and its practical application.

Although it was block chain ETF that was approved not Bitcoin ETF but upu said it yourself that most investors will come into the market if Bitcoin ETF was approved which mean the won't just join the crypto race but yp invest their money. So, do you think the price of Bitcoin won't surge since more investors will enter the market.