Bitcoin ETF is finally here?

[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.