Many thinks that ETF will give pump to bitcoin and bitcoin will give pump to all altcoins, but ETF was delayed by SEC for many times.
So what is an ETF?
ETF- Exchange traded fund . Bitcoin want to be index for this fund, if ETF accept bitcoin then it only means buying etf share to which bitcoin included.
There is big chance that after ETF accept bitcoin that there will be not big pump, because there might be not many institutional investors who want to buy it, for example before CME/CBOE opened last 2017 year there was huge pump and all thinked that wall street money will join crypto, but as reality we suffered all 2018 and 90% of days were red.
But good think that might give ETF is that INFORMATION will affect crypto again, all remember years of cryptomarket , where any announce or piece of information can give pump or dump and that can return in some variances.
And another good part of ETF that people who are not in crypto might look into crypto more.
So why SEC delay ETF for bitcoin? The main reason is regulation and command from high-ups.
In ETF right now are a lot of TRASH in the market.
Lets check for example:
ETF of social media buzz sentiment in the US (NYSEARCA: BUZ (https://www.tradingview.com/x/jqvoWGAj/)
Buzz US Sentiment Leaders ET.
IT calculated by sentements in social media and trends, so if shares of company is in this ETF and they got bad social media activity then its time to short this ETF or sell and vice verca.THE OBESITY ETF . NASDAQ: SLIM (https://www.tradingview.com/x/paMXFIAO/) . This ETF takes indexes from companies in field of health , who working in weight/obesity field.
So if you see that this companies are going good and many people around are fat then this ETF will give profit:)ETFMG Tech Game Tech ETF https://www.tradingview.com/x/fgDFoqkB/. This ETF is for gamers, so companies which produce video cards,computers, consoles and so on are in this ETF. So if you think gamers field will rox in near future, then buy this ETF.
So as you can see many crazy ETF are already in the market and bitcoin is still not there, even futures on weather prediction was there https://www.investopedia.com/trading/market-futures-introduction-to-weather-derivatives/
So the question is WHEN bitcoin will be in ETF? and will we see pump like in 2017 or it will be just soso ?What do you guys think?
I had the same feeling about the ETF's. It just doesn't feel quite right. I was surfing through the block and read your report. BOOYOW! You hit it on the head. Great work! Thanks. Be well.
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Off course, ETF will effect the crypto market. Thanks for this article.
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I really don't feel that we need ETF's in crypto really. It's kind of beyond the point of crypto. It's just another tool for rich people to manipulate the markets. Crypto is the people's money. Let the banks and investors have their fiat and stocks. But hey, to each his own. The way I see it, unless you actually hold your crypto, you don't really own it, so it the "investor" side of crypto fails, those of use who actually hold our coins on things like the ledger nano or trezor, will have crypto to spend, and the ETF holders will be in the same boat as stock ETF holders, you are subject to withdrawal approvals. Sorry, I will just keep buying and hodling my crypto the old fashioned way. And I will be sticking with privacy coins as much as possible as well!
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Very interesting, great contribution brother, congratulations
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Dear @aleksejzaxarov ,
The ETF already had a huge effect in CRYPTOWORLD.
EXCHANGE:
USD to BTC or other Cryptocurrency.
TRADE:
The Buy and Sell system. Where they earn by buying in low price and selling on a higher price.
FUND:
All transactions are made with a sufficient FUND. FUND keeps the Business and income going.
Your's Truly,
Commentator101
[My GOAL: Comment and Support original content of the Steemians]
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Bitcoin has the right balance of pros and cons. That's why it's so popular.
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