The impact of Bitcoin ETFs on market and Top Exchanges.

[Cryptoababe]

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin. These ETFs hold actual Bitcoin, unlike futures ETFs which provide exposure to futures contracts. The share value of spot Bitcoin ETFs is directly linked to the spot price of Bitcoin. As more institutional investors gain exposure to Bitcoin through these ETFs, demand for Bitcoin increases, pushing up its price.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

[Faisal2202]

What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

BTC ETFs approval will definitely have an impact on the traditional financial system because there are traditional people who still do not believe in BTC and consider it as something fake, but approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it. Plus they don't have to rely on exchanges, and have to take full responsibility of their funds, means now they have some insurance of there funds as they are keeping there funds on platform approved by governments.

This will change the mindset of traditional people thus the traditional fiat system will also be impacted by it, people will tend to invest there money in BTC ETFs now, while before approval they don't consider it as a good investment even if they are aware of the good benefits of it.

[Die_empty]

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The rise in the price of Bitcoin is a good thing for everyone or institution that is hodling Bitcoin. No doubt some exchanges are transparent in the manner they run the business. But it is also important to state that some exchanges might not hold the amount they claim they have. Some of them publish incomplete or even doctored financial statements just because they want to prove to customers that they are healthy. It will be better to keep your funds in a non-custodial wallet than on centralized platforms.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact on other traditional financial systems?

Bitcoin ETF has attracted more institutional financing to the Bitcoin ecosystem and we can see the impact on the price of Bitcoin. More banks have begun to offer crypto-related services such as custodian, exchange, and other offers. In the future, we might see more banks invest more in Bitcoin and as well as offer wider services. Some banks might start accepting Bitcoin as collateral for loans because of the currency's influence in the global financial system. Very soon bank customers might be given options to receive payment in fiat or cryptocurrencies.

[mk4]

What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

Uhm — hold bitcoin, obviously? Of course, if you want to potentially maximize exposure you can do things like long perps with leverage, but then risk/reward gets bad because of potential liquidations due to extreme volatility.

As for impact, stretch the timeframe long enough then it's likely that gold will get less market share in terms of SoV.

[pooya87]

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin.

I disagree.
In a world where a lot of things happen every day, approving ETF that happened last month in January is considered ancient news not "recent" anymore.
This means any effect it could have had on price, has already happened 2 months ago (February is already over too!).

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin.

I disagree with this too.
Because unlike other stuff that have an ETF, it is not hard at all to buy, trade and own bitcoin. Take gold for example. It is difficult to purchase large amounts of gold (it is physical) it is extremely difficult to trade it (physically) and store it safely. This is not true about bitcoin. All you need is a digital wallet (or even a hardware wallet).

So ETF is NOT an "easier way" to gain exposure to Bitcoin, it is a terrible way that can only be useful for those who don't want to leave the centralized world and instead of buying bitcoin they want to buy a garbage that is promised to be linked to bitcoin!

[Iamcrypticguy]

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin. These ETFs hold actual Bitcoin, unlike futures ETFs which provide exposure to futures contracts. The share value of spot Bitcoin ETFs is directly linked to the spot price of Bitcoin. As more institutional investors gain exposure to Bitcoin through these ETFs, demand for Bitcoin increases, pushing up its price.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

I've heard about Bitcoin spot ETF but I haven't fully grasped the concepts.. what's the difference between spot and futures ETFs and which is more beneficial. Any comprehensive reports on this that's easy to understand?

[Cryptoababe]

This will change the mindset of traditional people thus the traditional fiat system will also be impacted by it, people will tend to invest there money in BTC ETFs now, while before approval they don't consider it as a good investment even if they are aware of the good benefits of it.

So there will be more people looking into Bitcoin. Might also divert thier attention into other cryptocurrencies. I see why Bitcoin is currently increasing in trading volume..Hopefully, we won't see any FUD anytime soon.

[hugeblack]

Bitcoin exchange-traded funds (ETFs) do not give you the option to withdraw Bitcoin while crypto exchanges do, in addition to the limited ability to use ETFs for retail traders compared to those who can use crypto exchanges.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

Again Bitget, I hope you stop mentioning them in most of your posts, we will start ignoring you.

[Cryptoababe]

I've heard about Bitcoin spot ETF but I haven't fully grasped the concepts.. what's the difference between spot and futures ETFs and which is more beneficial. Any comprehensive reports on this that's easy to understand?

I think it's same with Futures and spot Trading on normal exchanges also because according to Google, Spot ETFs offer a simpler and more "pure" bitcoin investment experience, mimicking its price movements directly, while futures-based ETFs may be more complex with potential tracking errors and basis risk, impacting investment returns. That means one can liquidiate with Futures ETF but not with Spot.. This means there is still more to come for Bitcoin.
Do you trade futures?

[9TONNN]

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin. These ETFs hold actual Bitcoin, unlike futures ETFs which provide exposure to futures contracts. The share value of spot Bitcoin ETFs is directly linked to the spot price of Bitcoin. As more institutional investors gain exposure to Bitcoin through these ETFs, demand for Bitcoin increases, pushing up its price.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

Impact of Bitcoin ETFs has been significant on BTC and crypto prices. No doubt about that. No sane person would disagree.

[Cryptoababe]

Bitcoin exchange-traded funds (ETFs) do not give you the option to withdraw Bitcoin while crypto exchanges do, in addition to the limited ability to use ETFs for retail traders compared to those who can use crypto exchanges

.
Bitcoin exchange-traded funds (ETF) do not give options to withdraw funds for a specific period of time right? Or no options to withdraw funds at all?

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

Again Bitget, I hope you stop mentioning them in most of your posts, we will start ignoring you.

I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use. And I research, read news and try to know more about them everyday than other exchanges. So, I mostly prefer to include what I know in my posts or conversation just like anyone would love to do.
I was a Binance user till I have issue with the exchange and can't use it anymore, but I still mention it once a while.. I've not been able to enjoy OKX to my taste and I still mention them too. So people who wanna ignore are free to do so. Moreover, I never try to force anyone here to signup on the exchange. We all have our opinions and Im not really bothered about what anyone think of me, so far I'm not having any bad intention or trying to harm anyone in anyway.

[stompix]

I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use. 

There are tons of people here that use on exchange but I don't remember one that mentioned his exchange 23 time sin his last 40 posts!
If this ain't shilling the god knows what it is!

approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it.

So can we finally put the final nail in the coffin on all those theories:
- The US is afraid of Bitcoin replacing the dollar
- The US government hates bitcoin
- Wallstreet and banks are afraid of Bitcoin and they will try to destroy it
and all those tinfoil theories?

[dzungmobile]

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

They are potential problems in this market. Not all bitcoins and cryptocurrencies in their treasuries are from their own money but majority of these assets are from their customers. They only play as custodians for their users and have to secure their vaults to avoid hacks. They also must handle those assets carefully and don't use those assets wrongly like Sam Bankman-Fried and FTX exchange.

They can improve their reports and audits to customers but like Tether company, there are always doubt about those companies and their actual reserves.

[TheVeteranAngel]

What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

BTC ETFs approval will definitely have an impact on the traditional financial system because there are traditional people who still do not believe in BTC and consider it as something fake, but approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it. Plus they don't have to rely on exchanges, and have to take full responsibility of their funds, means now they have some insurance of there funds as they are keeping there funds on platform approved by governments.

This will change the mindset of traditional people thus the traditional fiat system will also be impacted by it, people will tend to invest there money in BTC ETFs now, while before approval they don't consider it as a good investment even if they are aware of the good benefits of it.

I think the impact of the spot ETF is already been felt but could only get better in the future. BTC was trading around $40k or so when the approval was made and in less than 3 months of approval, we can all see what is happening with BTC now above $60k and halving is still around the corner. Lots of institutional adoption is also taking place not forgetting individual adoption. As regards the trust about CEX, I think they still plays a great role in the industry an we have seen a couple of them adhering to government regulations to ensure users have absolute trust in them.

[Jascrypt]

The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US has had a positive effect on the value of Bitcoin. These ETFs hold actual Bitcoin, unlike futures ETFs which provide exposure to futures contracts. The share value of spot Bitcoin ETFs is directly linked to the spot price of Bitcoin. As more institutional investors gain exposure to Bitcoin through these ETFs, demand for Bitcoin increases, pushing up its price.

Major cryptocurrency exchanges like Binance, Bitget and OKX which have high proof of reserves are seeing the dollar value of their reserves increase as the price of Bitcoin rises. These exchanges publish periodic proof of reserves to provide transparency to users that they hold sufficient cryptocurrency reserves to cover user balances. As the value of their Bitcoin reserves increases, the dollar value of their proof of reserves also rises.

The launch of spot Bitcoin ETFs provides an easier way for mainstream investors to gain exposure to Bitcoin. This has driven up demand and positively impacted Bitcoin's price. Traders can follow the flows into these ETFs and the resulting price movements to identify opportunities to profit. The growth of spot Bitcoin ETFs signifies increasing adoption and validation of Bitcoin as an investable asset class.
What is your best way to capitalize on this, and do you think spot Bitcoin ETFs will also have impact other traditional financial systems?

If you ask me how the magnitude of the impact of the ETF approval would look like? I would say it's going to be huge and we are yet to see the beauty of this digital gold. Not yet late to ape more so I would say aye to aggressive buying.

[Cryptoababe]

There are tons of people here that use on exchange but I don't remember one that mentioned his exchange 23 time sin his last 40 posts!
If this ain't shilling the god knows what it is

Probably not only the exchange. And If I mention Binance 40 times in 40 post, it's not shilling. Well, people tends criticise higher levels not low ones. And I'm not here to convince anyone. Everyone is free to think the way they want. It's a free world anyways.
Apart from this, I've also seen a lot of accusations even with my first post on this forum. So it's not a new thing me!

approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it.

So can we finally put the final nail in the coffin on all those theories:
- The US is afraid of Bitcoin replacing the dollar
- The US government hates bitcoin
- Wallstreet and banks are afraid of Bitcoin and they will try to destroy it
and all those tinfoil theories

I think there will still be something this for some time.
I saw news on twitter about Vanguard blocking clients from buying Bitcoin ETF. So I think we still have more nails to put on the coffin.

[hugeblack]

I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use. And I research, read news and try to know more about them everyday than other exchanges. So, I mostly prefer to include what I know in my posts or conversation just like anyone would love to do.

Yes, but the word Bitget is present on every page of your posts, which is not normal.
I searched for it here

https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=120
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=100
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=80
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=60
https://bitcontalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=40
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=20

this is not a normal behavior for an account that wants to discuss, not promotion

[yazher]

The good thing about this is most people are not in doubt anymore about whether Bitcoin is real or a high-tech scam to manipulate people into buying some assets that are not tangible. rather everything has been changed because of the ETF's approval and they also gonna make some new statements regarding it especially those countries that are still in doubt about it. it changes positively and clears all misunderstandings and confusion regarding Bitcoin investment. Let's see what happens next after this since it has reached this far, I wonder how it will be used by countries that are struggling with their economies because this is not imagination anymore rather it's real and they wish they had been accumulating bitcoins all these years.

[Cryptoababe]

I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use. And I research, read news and try to know more about them everyday than other exchanges. So, I mostly prefer to include what I know in my posts or conversation just like anyone would love to do.

Yes, but the word Bitget is present on every page of your posts, which is not normal.
I searched for it here

https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=120
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=100
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=80
https://bitcointalk.org/index.php?Aaction=profile;u=2809031;Sa=showposts;Start=60
https://bitcontalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=40
https://bitcointalk.org/index.php?ective=profile;u=2809031;Sa=showposts;Start=20

this is not a normal behavior for an account that wants to discuss, not promotion

Your link are directing me to no specific post. Maybe I don't understand.
And every page of my posts? You are wrong about that. Indeed that I often type it as some have said. But not in everypage of my posts. I actually ignores a lot of complaints about me here cos I have better
I know what im gonna do now.
Anyways, thanks for the corrections

[dlightag]

The Bitcoin ETF approved really create a big impact in the cryptocurrency market, where Bitcoin halving has not been occur, but Bitcoin Bull Run uptrend has started pumping before the Bitcoin halving to occur and Bitcoin have pump massively because of ETFs. Hence the price of Bitcoin after having occur, will be incredible, from the previous history of Bitcoin price.