EFT

aliensmadeus

unfortunately not to FOMO into buying more bitcoin because of a bitcoin EFT but because of fear i guess

Sensitive_Salary_603

LUNA truly drag everything down. I mean NASDAQ recovered almost a whole week of sell off. There must be some kind of good news with BTC EFT being accepted in Australia and Canadian had their own for almost over a year.

NiceDoctorBeam

Bitcoin is NOT "just like an EFT".

Caveat_Venditor_

We are going sub 20K. Hold the fuck on this gets fun! The fed “has” to remove nine Fucking trillion from its balance sheet and is raising rates into a recession. They have already singled the next three months of rate hikes and balance sheet reductions. Will they eventually pussy out because they’re incompetent. And reverse course. Inevitably, but it won’t be in the next six months. Now should this matter to Btc. No. However the amount of fucking derivatives tied to Btc from EFT’s now sees the qqqs almost directly correlated to Btc. As the qqqs have another 20% drop to go and spy to 100MA at 365 Btc will easily cross 20K. Now should the fed do something prudent and hold to its guns to actually fight inflation we will see an epic collapse of all assets. Removing nine trillion from their balance sheet will get us about 70% lower from here back to fair value in equities.

coinfeeds-bot

tldr; The US Securities and Exchange Commission has approved a futures exchange-traded fund (EFT) application from Valkyrie. The application was filed under the Securities Exchange Act of 1934 law, using a 19b-4 form. This marks yet another ETF approved by the SEC, which has been accepting futures ETFs but so far no spot ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Deputy_Trudy_Weigel

So it’s like a taco within a taco within a Taco Bell inside a kfc that’s within a mall that’s inside an EFT?

Boring-Bus-3743

30% into BTC, 10% other crypto, 30% income generating real-estate, 20% EFT/INDEX funds in a few years after the bubble pops, 10% for living expenses. Use use income from rentals to buy more BTC, love off divedents.

Regular_Chapter_788

It's definitely not spot EFT. I am Aussie and have been watching this closely.

Regular_Chapter_788

Pretty pumped for the first spot EFT in Australia next week. Looking forward to stacking more sats with my retirement superannuation fund.

Uberful

Did you see what the EFT green lights did to gold’s marketcap? It went on a decade long bull run because of it.

milonuttigrain

Australia to list the first Bitcoin EFT soon  🦘 🇦🇺

AmphibianOk3415

Well there's a first time for everything lol. I won't mind not being told more if you were an investor, at least I'm not being charged with any money. I'm not saying crypto isn't gonna stand, but I'm saying it could get better and more efficient for regular people, not Corporate or governments. Regular people won't mind paying with PayPal, cash, EFT, or any other way. Big corporate does. Big corporate needs crypto desperately and only a foolish government - corporate will fight crypto.

YourMatt

Shouldn't they have done that before today? Can you really sell in the morning, have the money cleared to your bank account, and have the EFT ready for filing in the evening? It took two days to transfer my tax funds from between banks without having to sell anything.

milonuttigrain

Futures - bet on Bitcoin’s price, having them agree to buy or sell Bitcoin at a specific price on a set date. Spot - basically tracking Bitcoin current price Currently there is no spot EFT yet, all futures EFT. But if a spot EFT is approved it will be a huge bullish news for the market.

Bobiq11

Bitcoin EFT, first central bank buying Bitcoin, another country adopting BTC as a legal tender, etc.

aynoy

$EFT to the moon!

Joyful0097

$EFT is impressive 🤩

Hardware_Hank

The fee is lower but obviously doesn’t allow you to link a bank and deposit with EFT. I’ll admit I’m gullible at times and I’m not trying to come off as an ass I’m just not as familiar with non mainstream exchanges and as I said I’ve tried to research it. It has a valid SSL certificate but that’s about the only thing I can find about it haha. Again sorry if I’m coming off as a dumbass I’d just rather have a second opinion

coinfeeds-bot

tldr; The race to list the first exchange-traded fund (ETF) that tracks prices of cryptocurrencies on the Australian sharemarket is hotting up, with at least three contenders in the process of finalising regulatory approvals. BetaShares, EFT Securities and VanEck are among those seeking first-mover advantage amid hopes Australian-listed crypto ETFs will be well-supported. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

DialMMM

I sell you $1,000,000 of heroin. Instead of you paying me $1,000,000 for the heroin, you buy my rock EFT for $1,000,000.

aliensmadeus

the bet is only sure as long as the market is bearish. as soon as something like the bitcoin spot EFT happens, people will unstake those $ust and it will mint those luna tokens and price will go down

raresanevoice

Started a few years after you but doing something similar. Every paycheck the same amount gets auto-deposited to my cdc fiat wallet and I dump it primarily on Eth and some stables. Since it's an EFT to crypto dot com, no fees, and im finally at the point where I stop looking, just reset everything to full earn every 3 months

raresanevoice

They make the earn very very easy. One reason I like them. And if you do EFT to find your wallets instead of using a card.... no fees.

natdist

That's the big disconnect in this argument. If Bitcoin were a usable, internationally recognized currency, you could at least make some kind of argument that it gives people access to SOME financial services, such as EFT, without the permission or intervention of centralized authorities such as world governments, PayPal etc. It's still not a great argument, as it is still utterly dependent on internet service, which is highly centralized, on smart device manufacturing, which is highly centralized, is environmentally disastrous, is deeply and perhaps fatally inefficient by design, and is perhaps impossible to scale to the level of a widely accepted currency - after 13 years, even the best minds in the space have given us, at best, a series of highly theoretical and often disproved IDEAS as to how the protocol MIGHT be able to scale one day. But, it isn't. So.... no, it's not. The best argument you can make at this point is that Bitcoin is giving some unbanked people access to Bitcoin. There are anecdotal cases to make as to that being advantageous for them, but those advantages are dependent on the centralized infrastructure that has sprung up around Bitcoin, i.e. the ability to convert it back to a fiat currency later, or to exchange it for goods & services, not the protocol/network itself.

Dangerous-Stop7502

**Best coins right now:** **EFT** (ETH Fan token) pays reflections in **ETH**) and **brand new** **$EFB** (ETH Fan Burn, pays reflections in EFT, buy the reflections in the market ans also burns EFT, **not yet listed on CMC**). **-> So... you are very early here!** **This is a brand new, innovative combination of tokens.** **This has turned my wallet from deep red to deep green!** **EARN** (Ever earn, pays reflections in **BUSD**) Established since a time... **MMX** (Meta Mix, pays reflections in **USDT**) **Brand new, not yet listed in CMC** As you know, the early bird catch the worm... **Check it out... GLTA**

blakeshockley

I tried to used it but I literally couldn’t figure out how to deposit fiat. It wouldn’t just let me enter my routing and account number to send an EFT. It would only give me their routing info to input I guess on my banking side and send it to them, but my bank was not letting me do that lol

Novel_Development898

What the fuck is an EFT? Should I have one??

emptyzed81

Wtf is an EFT.

TheRevvX

HAH! Thanks for the laugh.... it actually gives me more time to pursue EFT's and Index Funds🤷‍♂️ and guess what, I can do that while I do drugs, and have more fun than you, take it easy

arcalus

Some of us have two jobs, or get more than one paycheck a month. This is always a dumb argument because of course you don’t have to send your ENTIRE paycheck. You can do it just like any other EFT account split.

jobcloud

Just look at their year over year. Why would I shill when it’s just an index EFT. I’m trying to make as much money as I can but if you’re happy staking whatever.

Accomplished_Resist5

Maybe we could not make the mistakes that have given us $163 trillion in derivative debt from the banks get rid of margin shorts and EFT’s

jobcloud

Index that follows the market. EFT like VTI, QQQ, SPTM. They readjust their portfolio, only keep the winner and remove bad performers.

jobcloud

My thing is, there’s super safe EFT stocks like VTI, QQQ that returns 40-50% year over year. Risk is super low.

jobcloud

Yeah but someone with a million has to leave a million there to earn 80K. Whereas most fast stock EFT returns 40-50% like VTI and QQQ.

Standard_Confusion99

>GBTC I am seeing a lot of recommendations for them. I was thinking of a pure crypto play with individual investments of ETH, DOT, BTC, etc. in an IRA. But I might consider an EFT too for diversification and simplicity.

-Lumpy-Turnip-

Crypto of the year! 2022 $EFT get in now! This rocket is going to change everyone’s lives for many years to come. Passive income in $ETH? YES PLEASE!! I think this time next year, I will say goodbye to the rat race and live off of the rewards alone!

Standard_Confusion99

Agreed. $1 million is not worth lawyers and advisors. For that amount I would put it into a Lifecyle fund, EFT, or index mutual fund. Now once you start crossing $5 million and above a good financial manager and accountant are worth it, especially regarding tax strategies.

-Lumpy-Turnip-

I LOVE EFT, it honestly has changed my life. The rewards, could pay all my bills..If I didn't rebuy more EFT with them that is :):)

bbrout

Took a while. There's got to be some reason for that. The downturn in price happened the day the CME/EFT futures market was announced. There's something in this cash settlement market and gaps. But I really can't figure it.

aliensmadeus

now: NFTs possible next: - L2 / ZK-Rollups - BTC (spot BTC EFT) - LUNA / DAI (when everyone starts to sell into stablecoins) - hopefully maybe DLT solutions like fantom, iota, nano

T2LV

True. But there are still so many variables. The catalyst for the stock market drop this week was Netflix though. When it got shared they were going to be a big miss, the drop followed. Apple sharing news, MSFT doing anything significant in the next few weeks, months, could change it all around. Don’t get me wrong, this COULD be a full crash. But to assume it is at this point when we are a week or two in is so premature. Plus, the last bear market lasted much longer than a few months. The likelihood that Covid retracting, ETH 2.0, LRC announcement, CDC Super Bowl commercial, future ETH EFT won’t resurge in a few weeks or months is extreme. Just be cautious before you offload everything.

T2LV

I would like to point out that although this is crashing, there are still catalysts out there. Ie: When ETH 2.0 get launched, it could rebound. Omicron numbers retreat, rebound. Etc. Not saying this won’t continue to go down, but be careful before you clean house on your coins because the future is unpredictable. In Sept the market wasn’t looking hot and then a BTC EFT looked like it was happening and the market shot up. This whole 95% of coins never recovering is a little extreme this early. Be patient, HODL and slowing keep accumulating.

fuckoffgetmoney

I know we have some institutional investment and an EFT (at the moment looking like a bad thing). I was just thinking the second spike was due to Elon, and how immature the crypto market is. We got a long way to go despite the massive progress. New investors will outnumber those who care about or even just know about Satoshis vision, when they lose it's all unfair and hurt feelings and wanting regulations and safety. Bad thoughts. I've done well and I will get back in, but the future of crypto is concerning me now more than ever to be honest.

Affectionate-Mix4373

what is paper BTC ? EFT's?

Naturalista93

IMO the same reason that the stock market'always' goes back up eventually. The real question is what stocks specifically lol One person who buys an EFT may only get 10-15% per year while someone who buys a specific stock at the right time might go up by 50 to 150% or so.... All these markets are fed by different things: Utility Perception of value Etc You'll figure it out

someChunt

I want to make some super diverse selections but treat them like one singl section in my portfolio. Essentially try to make my own versions of a stock EFT. So I'll want something like: 15% BTC 15% A mix of 50 major alt coins 10% ETH 10% HBAR 10% Fantom 10% CHAINLINK 10% OASIS And so on. Not sure how i could easily add money to my selection of 50 ALTs without doing it manually though. If anyone has any ideas please let me know!

corcas1977

I like tokens with Reflection... I like receive rewards directly in ETH Strong Team and great community EFT is the Best surprise of this 2022

corcas1977

I like this project and community.. I'm receiving daily rewards directly in ETH... And this is only the beginning... Let's go EFT

milonuttigrain

Just watched **Upcoming Crypto Upgrades in Q1 2022** on CB:  **Spot Bitcoin ETF** in the USA, long list of pending applications - even just one of them got approved, it will be a bullish signal. Currently there are 3 *futures* BTC EFT . **Ethereum** transitions from PoW to PoS, 10m of ETH had been staked on ETH 2.0. Looking for **the merge,** which is in Q1/Q2 2022. **Solana** \- looking for mainnet, expected to be Mar 2022. Still waiting for multiple block producers and on-chain governance. **Cardano** \- deployment of first dapps. 3 largest: SundaeSwap (wait for mainnet this month), Ardana and Meld. **Litecoin** and **Dogecoin**: these can be merged. LTC - end of Jan 2022 for Mimblewimble with focus on privacy  **MATIC Polygon**: in the process of producing 5 scaling solutions including Polygon Zero and Polygon Nightfall (ZK rollups) Have a great day homies

Ashra-Summons

Absolutely insane project! The Eth rewards are out of this world and the growing room for the project is insane. Just over 5K holders and pulling the kind of rewards we are seeing is mind blowing! $EFT is the way forward!

dwin31

It's the same with traditional investing. PE, EBITA, ROI, DCA, EFT, NAV, AUM, CAGR, EPS, GAAP, REIT, SPAC

iHER0

So I shouldn't invest in EFT & BTC at all? Just farm moons I'll have financial freedom :p

TheSauce32

Been bullish is really not possible anymore realistically the reason crypto has stalled is because the economy is tapering the printing machines this means less cash that is over inflating the dollar.....and by extension stocks......and crypto The hard crash came when fed minutes revealed it was increasing interest rates sooner when a few months back said we were in a stable position Inflation is getting so out of hand they are rushing to figth back which means all speculative investments are about to get fucked and that is just from the announcement once the first interest rate hits crypto will fall harder Crypto is following the market now so you are betting on a EFT that pretends to be decentralized basically.

arcalus

I use a credit union and I haven't had any issues with transfers. The EFT transfer you mention though is accurate, it takes 1-3 days usually for payments out of an exchange. Banking technology is truly antiquated (I have an idea, I work in FinTech), but a big reason it's so slow is due to all of the regulations. Something to keep in mind when people are advocating for more regulation with cryptocurrency.

ShotCryptographer523

There are numerous reasons for this. Tax time, no spot EFT, Chinese selling etc. I think this week will decide how the market will go in the medium term seeing many cobwebs should have cleared by now with the new year (and no weekend).

itoldU2buymonero

Its good because it gives US investors a virtual EFT to invest their Roth IRA in and get tax free gainz.

jobcloud

Whatever brings porn first will win. OnlyFans but EFT

nuggiespls

Newton is a decent Canadian exchange with a bunch of different coins. You can onboard fiat via EFT or etransfer Personally I prefer Kraken but if you’re set on using a local exchange, Newton is good

SocalKing2020

Fidelity Bitcoin Spot EFT - already launched in Canada? [https://www.fidelity.ca/fidca/en/etfs/bitcoin-etf](https://www.fidelity.ca/fidca/en/etfs/bitcoin-etf)

SocalKing2020

Fidelity Bitcoin Spot EFT - already launched in Canada? [https://www.fidelity.ca/fidca/en/etfs/bitcoin-etf](https://www.fidelity.ca/fidca/en/etfs/bitcoin-etf)

SuspiciousStable9649

There’s a lot of EFT weapon sales going around - each with a vibe like it’s coming from “Carrabba’s for the Metaverse”. For me it feels like the ninja shop in Gatlinburg, TN. Cool looking stuff that is pretty much useless. And this kind of early ETF object stuff has a 99.999% chance of being useless in any Metaverse that is being built and will ever be built - because that ‘verse will have toys that only work in that ‘verse, because tourist trap captive audience, yo.

jobcloud

$1 million total across all assets. Stocks and crypto. Because at $1 million, you can put it into a safe EFT, withdraw 4% ($40,000 a year) and live off that while you still have $1 million.

Dreamzs

EFT is a rewards token that pays out ETH! New coin

WiddleyScudds

Yes I agree. Yesterday I was downvoted on a post in r/EFT for saying NFT's would be perfect in EFT. That's not what upset me though. What upset me is the fact that they called NFT games a "cash grab" when in reality it's the complete opposite.

Porkysays

I am dumping on February 21 the day before they decide on the bitcoin EFT. Or maybe before it it rallies to 75k before that I am dumping. Look at how accurate the fibiocci is. It's almost exact

milonuttigrain

60% EFT [Vanguard Funds] 10% stock 30% crypto

EnvironmentalTime115

Lloyds said a long time ago they wouldn't accept card payments for crypto. I just EFT and have no issues with them.

PrfctChaos2

If you want less risk, then just throw it all into a stocks EFT or homeloan and worry less mate. We are here for the thrills.

i_have_chosen_a_name

To mint 1 flexUSD you need to give coinflex 1 USDC. They take this USDC and then use it to enter a variety of long and short positions while 10% remains in USDC. This crypto and the USDC now becomes available to margin traders and to coinflex their AMM. These traders have to pay interest on borrowing it. The interest is what pays the yield. It's self sustainable as long as there is crypto trading. And as long as the USDC peg does not break. The innovation here is that like you could use those flexUSD on a AMM like mistswap or benswap or uniswap or sushiswap and then let's say you provide liquidity on flexUSD/BTC .... now you can yield farm but your flexUSD within the LP still receives these interest payments every 8 hours. [Here is a screenshot of a cold wallet I have.](https://i.imgur.com/A8c8cah.png) No exposure to volatility and at least I am getting something for my savings. Something my bank can not give me. Just no protection against coinflex becoming insolvent, something I do have with a Canadian bank cause then the federal government guarantees I get up to 100 000 CAD bank. I am willing to take that risk for 5 to 15 APY. I mean anything above 7% beats EFT's so .....

arveena

I believe it when I see it. Normal Sparkassen employee is already completely overwhelmed if you mention something like EFT

Sp1tfir3x

Did that in 2015, bought a PC and the rest to an EFT. Some people are just not made to make it.

IndianaGeoff

Bitcoin in that distant primacy future will have debt, there will be options, futures, EFT's and any other invented method to transfer/gamble/monetize it. Nothing about it will change basic human desires. People will still want to spend today and save tomorrow (debt). People will want to leverage invest in it (options/futures). People will want to trade on exchanges without having to deposit in wallets (ETF's et al) Others will keep control of their accounts and funds directly. Nothing will change.

YoghurtSolid8125

Quite right👆diversify before getting too greedy use all asset classes and make an optimal mix - I go roughly 20% crypto(all coins), 20% (EFT/shares), 20% (property type investments /ETF), 10%metals/commodities , 30% cash or bonds( low risk )for opportunity .Good or bad -for me this is spread to handle fluctuations and leaving room to buy situations like we had yesterday/today

OthalaFehu

Just wanted to throw this out there as an alternative to going on an exchange and plunking down fiat to buy and hold actual crypto. Some people have access problems, some have fears of being hacked or loosing control of wallets. Sometimes your capital is just locked up in other forms and you are FOMO on all this hot crypto action. I have bought and held crypto, both big dogs and alt coins, on various exchanges, but I also found a way to invest in other ways. All boats win on a rising tide. Grayscale has 2 that I want to mention. GBTC is Grayscale's Bitcoin Trust, it buys and holds BTC. When BTC goes up, GBTC goes up. Now this one is OTC(Over the Counter) meaning it might have some buying restrictions if your are talking about moving money in your retirement accounts. ETCG is another fund of theirs, but it is for ETH. 3 more I looked into are BKCH & BLKC & SATO. BKCH is Global X blockchain EFT. These EFT's or (exchange Traded Funds) are like indexes in that they buy and hold stocks in multiple companies (too spread the risk). BKCH is not necessarily for crypto but for companies using/benefiting from blockchain. This is a nice sideways way to profit from the ever expanding blockchain world. Lastly BLKC & SATO, new EFT's on the block (like new today). The Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) begins trading Thursday on Global Markets. The ETFs are passively managed, rebalanced monthly and charge an expense ratio of 0.60%. Roughly 80% of SATO’s portfolio is dedicated to companies that derive more than 50% of their performance from cryptocurrency activities, such as mining companies, crypto infrastructure builders and crypto-buying companies. BLKC invests in largely the same companies, but also tracks firms engaged in blockchain technology that aren’t necessarily tied to cryptocurrency. Discuss below why you might want to branch sideways into these instead of just buying Crypto, but I like having my eggs in multiple baskets. They are all still poised to profit from same places. Forgot Microsystems at MSTR, big holder of BTC.

EnvironmentalTime115

I use Lloyds and their app to move funds to LUNO without issues but by EFT not using cards, without issues. I don't make a lot of transactions deliberately to avoid bank snooping though. I then move assets from LUNO in BTC to other exchanges.

coinfeeds-bot

tldr; Investment giant Fidelity is headed north for its Bitcoin exchange-traded fund (ETF) filing as regulators continue to procrastinate on approvals. The Fidelity Advantage Bitcoin ETF will invest in bitcoin directly or through derivative instruments. The EFT could launch on the Toronto Stock Exchange under the ticker FBTC this week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mo-Crypto

TOAD and PAD, a real financial power house not just for a joke, deflationary tokens with an EFT vault backed by blue chip tokens, cute also fun with math, meme and art. Join community on telegram it’s an amazing place for noobs to learn about Defi and providing liquidity. Cross chain, community owned liquidity, small cap that can 100x. Similar project to bancor, curve and ohm, DYOR though.

ShotCryptographer523

Yeah. I avoided her EFT as well after looking deeper.

Pure-Industry4

\>Maybe you could get 10% a year with ETFs ( property isn't really an option ) so 100k less capital gains 65k / year. Yea, i mean theres my paycheck right there for doing nothing but sit on my arse, sounds pretty sweet lol. VAS, Since inception, has had a dividend yield that averaged 4.5% per annum. So i mean thats 45k a year without even eating into your initial capital. You could pay a 500k mortgage off with that. (USA average house price is less than 400k) How does that compete with your crypto gains? \>A lot of people who say it's not enough ( I tend to agree ) live in area where a single family home is close to 1mil. Triple the US average house price though. I mean, sure, a million bucks is not enough if you want to live in SF and drive a lambo. But most Americans do not have a million in assets until they are 60 [https://www.cnbc.com/select/average-net-worth-by-age-35-to-44/](https://www.cnbc.com/select/average-net-worth-by-age-35-to-44/) So you would be hard pressed to pretend like you were struggling, but just out of curiosity, how many years until you expect to become a millionaire from crypto? Cus we could do the math. "1 mill compounding at 10%" vs "20k btc, that doubles every year" the btc would take 12 years to catch up to EFTs Maybe you have more than 20k BTC, but most on the sub seem to have considerably less, so it seems like safe average. Thats also assuming you can let 2 million worth of BTC sit on the 11th year and not withdrawal ANY (diamond hands for real) That level of lack of diversification would make my hands shake lol. **(on your 11th year, your EFT divide ends would be paying you 142k a year.)** Please note im not saying any of this to make fun of cryptos, just that i think many people dont quite comprehend how much 1mill cash in hand is worth. They just think "oh i could barely buy a house with that"

CaliDotLive

The blockchain is the decentralized network. Bitcoin itself is a speculative asset (EFT's for example) that derives from the blockchain. And as we already know from gold and silver markets, if there is a market to profit off speculation, then power players will do what they can to manipulate it as best they can. Gold and silver have their own utilities outside of speculation, such as in electronics and jewelry, but it's their speculative market that drives the price. You're right in that all they see bitcoin is as an "asset", but that's the industry they are in. Everything is an asset if they can buy and sell it and things related to it in order to make a profit. In fact, small timescales is probably exactly what they are after, as long as they can keep doing it for the long term.

RanSwonsan

The spit EFT https://www.coindesk.com/business/2021/11/12/sec-rejects-van-ecks-spot-bitcoin-etf-proposal/

Keechiman

V NTF's are just exercises in promoting their own uniqueness - but is that really a form of Art - a concept that will be earmarked in true, "Art History?" No way. You, as well as me - are as unique as any EFT I have ever seen - so take a Selfie , and you are far more a work of art as any pixeled icon (Hashmasks, Doge, Grimes, Everydays, Rick & Morty, & Crypto Punks) ... Real Art is still waiting to make lts mark here, as some art has (Everydays - a borrowed concept from real artist - Photo Artist, Chuck Close.) Cyberpunk is art in the eyes of someone who does not recognize what true art is. Being unique as a digital marker is not valuable - it is a gimmick and the market is a market only because pure speculation and ignorant bliss makes it so. I believe, eventually, NFTs will correct, restart, calibrate and become better adjusted to what art is - for arts sake. Meanwhile, let the luster glow - it will burn out - unless you just buy the hype.

RoyalCultural

Some are being harsh on you but I don't see how this is any different to an EFT in the stock market like the S&P 500. The only difference being that EFTs are usually cap weighted so the firms with the largest market caps make up a larger percentage. I'd he inclined to do something similar but each to their own. Good luck!

doinggreatthx

When they get their spot BTC EFT approved

NobleEther

Banks be like: let’s adapt to the future by making another product (futures EFT) totally against the interests of our users. I’m sure we’ll succeed in this business. People be like: oh yeah give me your product and steal from me, if you say this crypto thing is good for me, it must be, you’re always right. Crypto people be like: damn, why do people keep falling for this shit and never learn?

saiballs

With the SEC rejecting the EFT will that cause more dumping or

Ksmike

Anyone know why the SEC preference Future EFTs over Spot EFT? Given the recent rejection, just wondered what Gary S’s key objection to them was, any insight would be appreciated.

Regular_Chapter_788

Reminder:November 14 - EFT SPOT approval DateNovember 14 - Taproot

Berberetum

Between new EFT's and funds showing up every day, banks wanting to get on board, Hedge Funds pouring money...I don't know about 2021, but 2022 is going to be nuts. I've been buying an economy newspaper in Spain every day for the last 2 years and headlines have changed from "BTC is money laundering" to "hop in this train before is too late" in a matter of months.

temich87p

Why are you lot excited about this? Have you all even bothered to look up what a EFT is?

opareddits

The one thing EA can smell is money. I suppose going for EFT:s as investment might a right call.

NobleEther

A spot EFT should have come before any talks of Futures. I still don’t understand how the SEC could have approved Futures before Spot, but here we are.

time_wasted504

OH? Now you accept your users buying Bitcoin as a valid way to spend my money? only if its through your partner I bet. FUCK CBA. Defund the Big 4. Move all your funds/loans to a credit union. (no, I am definitely not bitter about having multiple EFT transfers OF MY MONEY to a registered Australian exchange blocked a couple of years ago.)

dnick

There are tax advantages to doing things in your retirement account that can't easily be replicated by buying a security directly. They may not make sense in all situations, but unless you're suggesting that people should invest in BTC 'instead of' a 401K, it seems to make less sense to suggest they avoid the EFT option. You could, of course, be saying to avoid the BTC EFT portion and direct that strictly into BTC directly, but then the tax options come back into discussion. Honestly not sure at what point those make things worthwhile, but still worth considering.

koalaposse

Some say looking at public listed companies or at least with fixed headquarters and location in reputable nation, can helps feel more secure as may have some legal obligations or ramifications for them. Ie. not the Seychelles like Binance! Or headquarterless. Also look at those those who have failed : Mt Gox learnt and rebuilt, and must have improved. Trezor and Ledger too. Most of it is either options that you say: cold wallet offline with Trezor Ledger etc, ‘not your wallet, not your coins’ or people leaving them or staking on exchange. There are also EFT offerings, more like shares. And with more oversight in the American market will come insurance offerings.

Far-Pie-4360

Not sure where you are from but in Canada I withdraw from binance in XLM send to Newton and then I can EFT directly to my bank account with minimal fees.

bbrout

Oh. Some time ago the CME, Chicago Mercantile exchange, bragged they would tame Bitcoin. They began a cash settlement futures facility which coincided with a crash from about $20k to almost $3k. The futures package is an unfair market which favours shorts. As BTC was floundering the defi market began and started to flourish. This involves the complex derivatives market in crypto. In order to drive down the spot price of BTC to take advantage of the futures market, BTC has to be borrowed from defi. However, that BTC has to be paid back with smart contracts. This appears to have ended the CME 's taming BTC. However, CME decided to get a bigger weapon and now involves the NYSE through an EFT that is hooked to the CME futures contract. This is the first time we see the effect of the EFT. The CME contract settles Thursday London England time. That's when the shorts get paid out on the CME. However, all that BTC that was borrowed to short BTC on the spot has to be paid back. But the shorts sold it, probably to themselves. If they have to buy back BTC it may cause a short squeeze on both CME and NYSE. It will increase influence of CME and defi which are in an adversarial position. It's BTC and defi against CME and NYSE. That's how I see it which is conjecture only.