Will Bitcoin Spot ETF's Manipulate Bitcoin's price?

[Benedictare]

   Bitcoin spot ETF deals by trade on exchanges, keeps Bitcoin as it's first asset, and monitor on its own the price of Bitcoin , opening up for investors  it price movement without having it's asset directly . The future ETF's is based on the contracts Bitcoin gets in future .
   
   As demand increases,the series of changes in new investors and capital can increase the price of Bitcoin,when Bitcoin ETF is being approved and launch it will ratify Bitcoin's quality in the mainstream financial way can be able to give support   confidence in Bitcoin and make a high price .
   The quantity and rate of Bitcoin ETF coming in ,may be a strong factor that will affect the price of Bitcoin both in short-term and  long-term. Bitcoin ETF will impact on the price of Bitcoin because of it's finite supply .

[PrivacyG]

One thing you should not be happy about is when Governments fiddle with the things you like.  It happens for a reason.

ETF is great for the reputation of Bitcoin.  For more awareness about its existence.  For increasing trust in individuals who previously shared concerns about Bitcoin and its future.

But ETF is very bad for Bitcoin itself in my opinion.  When you mess Bitcoin and paper in the same pot you will get a pretty ugly result.  Who guarantees any thing and who actually provably verifies every backing?  Bitcoin shares proof.  There is proof of every Transaction being valid through Confirmations.  Every thing is verifiable and provable.  Banks are very sketchy anyway so why would I be happy about ETF and Bitcoin shaking hands?

I do strongly believe there will be a Market manipulation of sorts through ETFs and such.  There will be more restrictions the more Governments 'try to find a way to handle Bitcoin'.  You get the illusion of every thing getting better when actually the opposite is true.  On the outside, it all seems healthy.  On the inside though, there is a lot of decay.

[Wexnident]

It should be possible to grab their price listings, the amount they hold, the price and compare them and see if there's any variance no? They should be pretty transparent with the fees as well since again, the variance could easily be seen since there's a public blockchain available to all, unlike gold. So any "artificial" manipulation can obviously be seen if they start selling coins they don't particularly have a hold on. I do wonder though if there's a regulation for cases like that in there?

There may be some manipulation going on behind the scenes but I believe it wouldn't be big enough to impact the market. I guess the only worry here is if they started holding the majority of the market due to how most people wanted to buy through ETFs instead of their own.

[dim_mak5]

Bitcoin purpose is freedom money for the free market.  The free market should set the btc price in $ not wall street. Last thing we want is real bitcoin price is tracking spot btc etf paper Iou's price. Hence there should be 2 bitcoin price markets on tradingview, 1 for real bitcoin and 1 for bitcoin paper derivatives iou's such as spot etf's.

Also we should be paying for stuff for sats on Layer 2 so bitcoin don't need to rely on $dollars to gauge its value. There's 2.1 Quadrillion Sats enough for world commerce. Satoshi programmed 2.1 Quadrillion Sats not 21 million Bitcoins.

We don't want wall street to manipulate the $dollar price of bitcoin.

Lets say USA goes through hyperinflation and Wall Street Manipulates the price of bitcoin at a steady $69000 for years like gold at $2000 for example to stop people exiting the fiat ramps onto bitcoin because people will say bitcoin price not going anywhere so what's the point exiting fiat for bitcoin. Like a psychological manipulation.

Wall street is not about getting richer, its about Power & Control and controlling people is more valuable to them than making profits.

[thecodebear]

People and their conspiracy theories about ETFs are funny. The amount of fear on here over firms simply packaging up Bitcoin to be sold through regulated financial product is pretty funny. Seems like half of the people on here thinks the ETF issuers are committing massive fraud and are stealing their customers' money to manipulate Bitcoin, when all they are doing is serving as the middleman to hold bitcoin on behalf of their customers.

Does Wall St do manipulative things to make more money? Absolutely. But they are not going to commit very obvious fraud with billions of dollars just to hurt a product that they literally make money off of lol.

Bitcoin ETFs are very straightforward. Client gives them money -> they use that money to buy bitcoin and give client appropriate number of shares of the ETF -> ETF tracks the price of Bitcoin because it holds Bitcoin worth the amount of money that has gone into the ETF.

Ya'll crack me up sometimes  



Remember last year when people were SURE Blackrock was going to somehow fork Bitcoin and destroy the old chain and turn Bitcoin into a Blackrock owned product....all just from having an ETF   too funny