Bitcoin ETF good or bad?

[HideYourKeys]

They are trying to "paperize" bitcoin, like they tried (and succeeded) with gold. Luckily, Bitcoin can be traced and monitored, so there is still hope

[Luzin]

So far I feel the impact given is positive. In fact I was hoping for an ETF to be approved, so I support the Bitcoin ETF to emerge. The reason is that there are many positive impacts with the development of crypto. Investor confidence in Bitcoin is getting bigger. Clearer regulation. The fear is a monopoly by one of the companies that owns the ETF. But now it seems that this spot ETF in the US is giving effect and it seems that a Spot ETF in Hong Kong will be issued soon.

[Z-tight]

and it seems that a Spot ETF in Hong Kong will be issued soon.

BTC and Ethereum spot etf's have already been approved in Hong Kong, however, do not expect it to be as big as that of the U.S, so many people do not even know that etf's were recently approved in Hong Kong and i am certain the inflows will be nothing compared to that of that U.S.

[atookz]

Bitcoin ETF approval sparked the development and acceptance of bitcoin as a new investment instrument, and it will definitely not be a standalone asset. But overall it can have a positive impact on Bitcoin and the crypto market. This may increase the demand and price of Bitcoin in the spot market. ETFs will provide easier and more affordable access for investors to invest, especially Bitcoin. This can encourage increased adoption and investor confidence to encourage significant growth in the crypto industry. With Bitcoin ETF approval, the door has opened wide for further innovation and deeper integration between traditional financial markets and the crypto world, as well as encouraging the development of Bitcoin-related products and services. But what I really don't like is that the costs are higher.

[siedemtrzy]

and it seems that a Spot ETF in Hong Kong will be issued soon.

BTC and Ethereum spot etf's have already been approved in Hong Kong, however, do not expect it to be as big as that of the U.S, so many people do not even know that etf's were recently approved in Hong Kong and i am certain the inflows will be nothing compared to that of that U.S.

Well, it would be not as much as US ETF, but still something. Asia is a big market, and the inflow is still gonna do something.

[kryptqnick]

ETFs got approved months ago, so I think we can already see their influence. In terms of adoption, I think it just created new demand for Bitcoin (indirectly), as those people who invest in the traditional market became more open to investing in Bitcoin via such mechanisms. Bitcoin ETFs grew really fast, but it seems that they're now slowing down.
In terms of the price, Bitcoin got a nice bump in Q4, 2023, due to anticipation of ETF approvals. And then this year, we've seen it going from $43k to over $70k.
So I'd say that the impact is positive, but I also don't think ETFs will be a game changer in terms of Bitcoin global adoption.

[OcTradism]

ETFs got approved months ago, so I think we can already see their influence. In terms of adoption, I think it just created new demand for Bitcoin (indirectly), as those people who invest in the traditional market became more open to investing in Bitcoin via such mechanisms. Bitcoin ETFs grew really fast, but it seems that they're now slowing down.

Bitcoin Spot ETF investors are institutional investors but they need time to understand more about this market. They are less likely doing their investment without due diligent research and don't react emotionally like retail investors. However, they certainly are affected by market trend on how they spend their capital. It's always easier to spend money, to invest in a bull market than in a bear market. It's true from stock markets to cryptocurrency market.

In terms of the price, Bitcoin got a nice bump in Q4, 2023, due to anticipation of ETF approvals. And then this year, we've seen it going from $43k to over $70k.
So I'd say that the impact is positive, but I also don't think ETFs will be a game changer in terms of Bitcoin global adoption.

I believe from adoption growth, demand increase, we will see long term impacts on Bitcoin price. It will be shown on trading volume and trading price but it will be long term impacts and need time to show.

[Mpamaegbu]

Of course, anything that casts positive publicity on Bitcoin helps to advertise it and brings more patronage to it. That's what the Bitcoin ETF has been able to do. We saw how Bitcoin price went up and broke its ATH of the previous circle even before the recent halving. The ETF strengthened confidence of institutional  investors in the industry and they came in gun blazing. This is opening up more space in relation to investment for Bitcoin. It's a plus.

[Bushdark]

Bitcoin ETF approval sparked the development and acceptance of bitcoin as a new investment instrument, and it will definitely not be a standalone asset. But overall it can have a positive impact on Bitcoin and the crypto market. This may increase the demand and price of Bitcoin in the spot market. ETFs will provide easier and more affordable access for investors to invest, especially Bitcoin. This can encourage increased adoption and investor confidence to encourage significant growth in the crypto industry. With Bitcoin ETF approval, the door has opened wide for further innovation and deeper integration between traditional financial markets and the crypto world, as well as encouraging the development of Bitcoin-related products and services. But what I really don't like is that the costs are higher.

ETF approval is only going to make Bitcoin to be easy manipulated to the big firms and whales. The current ranging market could be cause by the market manipulation we don't have to relax and think that the volume of Bitcoin is lower than the time when the ETF was approved in the United States. Hong Kong had approved their one ETF and we expect the price to go a little bullish but all we saw was unstable market trying to dip more. We just don't know how long this would continue.

[Catenaccio]

Of course, anything that casts positive publicity on Bitcoin helps to advertise it and brings more patronage to it. That's what the Bitcoin ETF has been able to do. We saw how Bitcoin price went up and broke its ATH of the previous circle even before the recent halving. The ETF strengthened confidence of institutional  investors in the industry and they came in gun blazing. This is opening up more space in relation to investment for Bitcoin. It's a plus.

Bitcoin Spot ETFs are one of catalysts to increase Bitcoin adoption and get more trading capital in Bitcoin market. These impacts from Bitcoin Spot ETFs are big, long term, sustainable and these impacts are undeniable because they are real and big.

In short term, market is volatile and unpredictable and if you trade in the market, stuck with its daily or shorter time-frame movements, you will be affected a lot and can lose money by making bad trading decisions.

With Bitcoin Spot ETFs and big impacts, if you invest in Bitcoin, long term holding your bitcoin, you will get profit and have an easy life with your easy investment.

ETF approval is only going to make Bitcoin to be easy manipulated to the big firms and whales. The current ranging market could be cause by the market manipulation we don't have to relax and think that the volume of Bitcoin is lower than the time when the ETF was approved in the United States. Hong Kong had approved their one ETF and we expect the price to go a little bullish but all we saw was unstable market trying to dip more. We just don't know how long this would continue.

In any market, there are big investors, whales which are favorite in manipulation on the market because it can help them to get profit. It's fact and we can not get rid of market manipulation. So we have to live with market manipulation, understand it and if possible, take advantage of whale manipulation for our more clever capital use for investment and decision to enter, exit the market for profit.

[CODE200]

Of course, anything that casts positive publicity on Bitcoin helps to advertise it and brings more patronage to it. That's what the Bitcoin ETF has been able to do. We saw how Bitcoin price went up and broke its ATH of the previous circle even before the recent halving. The ETF strengthened confidence of institutional  investors in the industry and they came in gun blazing. This is opening up more space in relation to investment for Bitcoin. It's a plus.

Some people are worried that they might just go with ETF instead of the actual bitcoin but I feel like their worry isn't something that big really, as you've said, it's a way for bitcoin to gain much more range in terms of publicity and I don't think that there's no better way for bitcoin to gain more publicity and more people interested in investing than the institutional investors personally endorsing bitcoin although at a certain level where they're also benefiting from it. Totally in agreement that it's a good thing that institutional investors have opened a way and not just a way but also a huge one for bitcoin to be recognized towards something that would definitely lead to bitcoin going up in prices in the future which is the ultimate goal anyway.

[hd49728]

Some people are worried that they might just go with ETF instead of the actual bitcoin but I feel like their worry isn't something that big really

If they have no issue to access an exchange, either CEX or DEX, to buy Bitcoin by themselves, they should go with Bitcoin, not Bitcoin Spot ETF share.

It is not too difficult to do this, buying bitcoin and storing it in a non custodial wallet by themselves. It will force the investors to learn about wallet, backup, recovery and security of wallet and their devices. It requires some time to learn basics but in security and safety of their money, it is very worth to do.

Recommended Bitcoin wallets.
Security checklist
Protect yourself from fake wallet software (guide)
WARNING when using mobile device wallets (Android, iOS)

[spectre71]

ETF's are great thing for BTC!

This is where the clown car pulls up and yells about self custody.

Holding bitcoin directly sucks ass for many. Who wants to manage the keys? Nobody. What keeps your business partner or Karen in accounting skipping town? ETF's fit nicely within existing trading platforms and is cheaper and faster to trade within. Especially when tax harvesting and rebalancing.

ETF is superior in my IRA over holding directly. When I retire and take my draw I don't pay taxes on it and that is HUGE! I can't yet  gain exposure in my 401K, but when I do my employer matches my contribution, think free money.

[fuguebtc]

Some people are worried that they might just go with ETF instead of the actual bitcoin but I feel like their worry isn't something that big really

If they have no issue to access an exchange, either CEX or DEX, to buy Bitcoin by themselves, they should go with Bitcoin, not Bitcoin Spot ETF share.

It is not too difficult to do this, buying bitcoin and storing it in a non custodial wallet by themselves. It will force the investors to learn about wallet, backup, recovery and security of wallet and their devices. It requires some time to learn basics but in security and safety of their money, it is very worth to do.

Recommended Bitcoin wallets.
Security checklist
Protect yourself from fake wallet software (guide)
WARNING when using mobile device wallets (Android, iOS)

This may seem easy for young people with basic computer knowledge , but what about older people , who have difficulty with today's digital devices? I think bitcoin ETFs can solve that problem and it works in this case . I once tried talking to my parents about investing in bitcoin, they said it was too complicated and risky as they had to keep their privatekeys , passwords , 2FA... things they have never been exposed to before . But they can go to the bank and deposit their savings without my help. I think , if bitcoin ETF is more popular in my country then I think I will introduce it to them . I believe they will consider investing in bitcoin through an ETF because it does not bring too much trouble for them .