ETF

Fluid_Department_120

Another significant driver of the general crypto market is the recent Bitcoin ETF approval, as analysts speculate on an Ethereum ETF approval to follow. Meanwhile, the ETHBTC price chart from a daily time frame signals a regular bullish divergence, which means we should expect a rise in demand for ETH over BTC in the short to mid-term. Read on as we uncover more insights from the ETHUSDT price chart.

dmitch121

Take a look at gamestop's history.... I do believe that ETF's adoption will continue to help the mainstream adoption of crypto.

comfyggs

Yes, That's my point exactly. They don't understand it or see the value. Why buy and ETF when you can buy thr actual coin for example>?

krashlite1975

The ETF is pretty much priced in now. Any movement up or down will depend on what follows this now.

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Wave-Civil

Don’t listen to these stock shills part way crypto gamblers. They are going to get liquidated. An BTC ETF won’t save you them. They will freeze trading if markets hiccups to front run it. Trying to get into the real thing too late. Keynesian have lost. Too slow. Way too slow.

ccMudButt

In theory the ETF would eventually secure a large enough portion to move the price of BTC. The government will be involved behind the scenes and quietly take their cut. They are going to try and micro manage Bitcoin.

Optimal_Store

I know what an ETF is. But what is a spot ETF? Or are they the same thing?

coinfeeds-bot

tldr; A bitcoin futures exchange-traded fund is set to launch next week, according to a filing with the Securities and Exchange Commission. The ProShares Bitcoin Strategy ETF will track bitcoin futures rather than bitcoin itself. Futures are contracts to buy and sell an asset at a predetermined price and time. Bitcoin crossed $60,000 last week for the first time since April. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Optimal_Store

What’s a spot ETF? All I know is that it allows huge investments even with low liquidity.

coinfeeds-bot

tldr; Grayscale Investments plans on applying to convert the world’s biggest bitcoin fund into a spot exchange-traded fund (ETF) early this week, according to a report by CNBC. Once the filing is made, the SEC will have 75 days to review it. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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dragracedave

Current holders should want *spot* ETFs. Futures ETFs do absolutely nothing for BTC price discovery as they do not require the ETF issuer to hold any BTC. A futures ETF is not a good thing for us. For example they can increase the ETF value by accumulating capital through holding short positions, causing the ETF value to rise while BTC spot prices underperform. This would drive normies to hold the ETF rather than buying BTC itself and they will, because people buying an ETF are only speculating on price action and they have no interest in what BTC really is, they're only trying to accumulate more Fiat. We need a spot ETF. Fuck the futures ETFs.

RustyShackleford2022

Oh yeah for sure, I agree. But at some point, we all have a price and I have to say If I had like 10BTC I would be tempted to take it out and retire at 38. But I don't I have .3 BTC so I'll just dollar cost average 5 percent of my take-home pay. And hope for a real Crypto ETF to come along to dump my 401k and Roth into.

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set-271

When BTC ETF is released...will Bitcoin pump or dump?

QuakerMoatsTFT

Since you're new, I'll share my opinion, and take the downvotes that will most likely come my way. But, it's also fine to leave your coins on exchanges, especially if you're new, don't have much invested and are still figuring things out. I see more posts about people losing their coins by trying to move them from the exchange, than I do people losing their coins on exchanges. Just use an authenticator app for two factor authorization, not SMS two factor (look up SIM swaps for why not), and you're doing pretty good. Again, just an alternate opinion, doesn't mean I'm right. As for the futures ETF stuff, yeah not a fan of that either though.

mattster_3000

Technically, Purpose has had a BTC and ETH ETF in USD on a Canadian exchange for a while now - BTCC.U.TO

occamsrazorben

That’s the Canadian ETF. All the Canadian Bitcoin ETFs such as BTCC, BTCX, etc are fully physically-backed….

Broken_Broca

This is not how this ETF works. There will be no danger of btc supply, the etf is based on future price through derivatives. Please read up and understand how etfs work - there is no harm to btc supply because of this or any other etf. This is a big win for the 27 trillion in retirement accounts which 99% will not pull out just to own btc.

soi2studio

I didn’t say it was dangerous, just that it doesn’t make much sense. I understand your passion for holding Bitcoin the right way, but this isn’t how to fight ETF trading.

fallenkeith2018

ProShares bitcoin futures-based exchange traded fund (ETF) is going live tomorrow. Do you guys think it will effect the price of Bitcoin?

Alfador8

Isn't the ETF approved and tomorrow it begins trading?

pirateking54

“Grayscale’s ETF would be backed by actual units of the cryptocurrency, not simply linked it via derivatives contracts such as futures.” Hardddd

GeneralZex

The creation of the futures market in 2017 saw the bullrun end and the bear market begin. While the world didn’t implode it took years to recover. Again, futures ETFs trade paper. They don’t offer any legitimacy to Main Street and instead benefit only the SECs Wall Street overlords. The SEC said they wouldn’t approve a spot ETF for investor protections, then proceed to approve a futures product instead, which is funny because futures are inherently much riskier than buying and holding. You can believe this good news all you want. You are wrong.

itsnotwhoyouthink5

There isn’t really much you could come up with as FUD. I guess you could say the SEC will step in at the last moment and deny the ETF… Other than that it’s hard to FUD something that brings in this many new investors..

soi2studio

They’re not holding anything. Compendium financial instruments are used to track the Bitcoin price. They don’t need to hold any Bitcoin at all. The supply is completely unaffected. People buying ETF shares simply get exposure to the price movement, not the coins. It has nothing to do with the Bitcoin supply

Just_Me_91

But Bitcoin started pumping after El Salvador approved using Bitcoin as legal tender. It didn't dump until it was officially legal tender. So if the same thing happens here, BTC will start pumping until the ETF actually launches.

x-TASER-x

Bitcoin ETF is not Bitcoin

GeneralZex

The ETF starts trading tomorrow or Tuesday….

gallapagosbinches

you could at least safely invest some of that in an ETF or something. Saving is good, but there are ways to make your assets productive with a low risk profile. especially prevalent as banks are only handing out like .015% interest on savings. a decent ETF could get you 7% annually with little to no risk.

Just_Me_91

But the ETF getting approved is more like when El Salvador passed the bill to eventually make it legal tender. The day it actually did become legal tender (when it finally dumped) would be equivalent to the actual launch of the ETF.

Just_Me_91

Even if it does get approved, I'd call that another rumor. The "sell the news" event will be when the ETF launches. Until it actually launches, it's still a rumor. It isn't a fact yet. At least that is how I've seen things play out in the past. People will be able to hype it and say "buy before the ETF launches!"

OmsFar

I know the spot ETF they technically should buy the btc to back it but you just know the sneaky bastards on WS will find a way to not buy it or buy some derivative shit or insurance bollocks. Pricks!

jcoll627

It's a positive indicator for Bitcoin man, you're over thinking it... The US government is allowing those papers you say are "bullshit" (which I agree they are in many ways). And people that do actually hold Bitcoin will be watching those "bullshit paper" numbers for indicators of interest... Which will be high. Additionally as I said already, this is a positive indicator for future physical ETF decisions.

UndesirableWaffle

I’m sorry, I just don’t understand why you would want a ETF in BTC

xrv01

a spot ETF will bring billions and billons of dollars to Bitcoin. just part of larger adoption.. plus spot etf = number go way up

SkullRunner

Post #22,738 about the Bitcoin ETF this weekend....

Ithinkwereparkedman

I think the maxi's (and possibly some others) are worried that every product that is put ontop of bitcoin detracts from the fact there is only 21 million of them. A solution to that would be to only buy fully backed ETF's.

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Western_Boris

After tomorrow you can propably add for the american friends and family that SEC approves BTC too if they officially approve the futures ETF tomorrow.

jmlinpt

Can you please explain what a crypto ETF is?

Western_Boris

That futures ETF might start trading next week already but the uplift I'm thinking will become because it is such a big news that U.S. SEC approves Bitcoin in such a way. Of course not all good news are good days regarding the price. Sometimes the day may result in lower price too. Short term it does not matter, only long term is important. And everybody knows where the price is going in long term. So I have no reason to fight you over what happens tomorrow. I will try to buy more tomorrow before the announcement because I believe it might boost the price to the new ATH but I will not get dissapointed if that won't happen tomorrow. Few halvings will anyway make my tomorrows buying too to go to the moon. Good luck anyways and thank you for the contribution!

GeneralZex

BTCR or BLOK are better options than this bullshit futures ETF.

soi2studio

This post is nonsense. An ETF will track the Bitcoin price using derivatives. It has nothing to do with where you hold your coins. Do you think it will affect the price by holding your coins in a wallet rather than an exchange? I he does holding your coins on an exchange make them any more susceptible to ETF trading activity than holding in a wallet. You don’t get it

KriptoKeeper

I only bought an ETF so I could tell the wife that I didn't divert too much of my stock money cryto.

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xrv01

ik its a couple days old but Grayscale [applying to convert their BTC Fund into a Bitcoin spot ETF](https://www.cnbc.com/2021/10/15/grayscale-investments-close-to-filing-application-for-spot-bitcoin-etf-source-says-.html) [ETF backed by Bitcoin itself] rhe same week a BTC Futures ETF goes live is mega bullish.

TheOpeningBell

Now you can short the ETF. Potentially more volume. More volatility in both directions.

poomata

Purpose - The newly approved ETF, claims to invest in actual BTC. https://www.purposeinvest.com/funds/purpose-bitcoin-etf

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HeavyMommyMilkers

This is just the first ETF. More to come

Catnips64

I always advocate for any crypto investor to own at least some btc. However bitcoin has recently recovered dominance and is sitting real close to ath. I wouldn’t sell any alts for btc but if you have expandable cash I’d allocate some of that to btc. ETF & taproot update on the horizon. Before you know it we’ll be mentioning the 2024 halving.

TheYear2020_

El Salvador, SNL (btc was mentioned and screwed), BTC futures release in 2017 Keep in mind that there will be a big gap between ETF approval and investments and that futures are NOT bitcoin. Some of you will remember this all too well along with the 3 years that it took to break the ATH. Check the date and price against the steep drop https://www.theguardian.com/business/live/2017/dec/11/bitcoin-price-futures-trading-begins-cryptocurrency-business-live

Sad-Error

Posts like this make me want to buy into the ETF even more.

FairBlamer

That phrase applies mostly when all market participants have access to the same things, but as things stand there are still many (if not most) institutions sitting on the sidelines not only due to lack of understanding of Bitcoin, but also because of red tape preventing involvement. With the launch of the ETF, not only might those players join the game, but you’ll also have short term capital inflow for spot BTC as a result of Wall Street preparing to front run monthly futures rolls (and those will, admittedly, dampen price to an extent).

J-E-S-S-E-

Raise your hand if your dumping your 401k into the ETF tomorrow 

hotze79

Hey, take a look! A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner.

Western_Boris

Nah. There are more and more big players and institutions on board with Bitcoin. Not less. More. Of course there are haters too but there will always be. ETF is again one small achievement in growing adoption.

Mark_Bear

Any ETF is likely to end up rehypothecating Bitcoins. It's human nature. There is no "or else" to stop them.

chadchad30

I hold around 2500LTC and it's by far my biggest bag. 1- BCH compete with BTC in hashrate 2- Confirmations are slow 3- They like to pretend they are BTC so a lot of hate to that coin 4- BCH can scale which can make it a centralized coin. 1- Monero? You can't see how many coins in circulation, who owns what, or how many coins are added each day. 2- It's delisted in many exchanges and have poor liquidity 3- How many merchands accept Monero compared to other pure crypto currencies? So with recent news like Paypal, Venmo, verifone it's clear to me that adoption and your decision should be between LTC BCH and Doge since these are the coins that will be used for daily payments. Doge is a meme coin which is cool but i can't imagine a Doge ETF or investments firms taking Doge too seriously. However An LTC or BCH ETF is already in the work. Between the last three, LTC seems to me the cleaner and most adopted coin with 10 years of history.

DesignWonk

Grayscale Bitcoin Trust. It's the only way to buy a stock-like asset that actually holds BTC right now until the "physical" ETF is approved (maybe as soon as a few months). Right now it trades at a discount of 15% to real BTC: [https://ycharts.com/companies/GBTC/discount\_or\_premium\_to\_nav](https://ycharts.com/companies/GBTC/discount_or_premium_to_nav) Why? Because it charges fees of 2% each year. They've indicated that they want to switch to an ETF and lower their fees. Timing of that could be good or bad and may cause it to trade closer to BTC, which would be good. Or a competing ETF could come out first, and the discount could get worse (for a while?).

NJ0000

Why would an ETF make it soar….I mean the actual reason?

x0rn

This is a futures ETF. Very volatile.

PartTimeAnalyst

I want to know what these ETF are buying

riddled_with_errors

You don't have to invest in the ETF. Others will, and that might cause a boom for BTC.

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ween1e

When I think of an ETF, it’s a diversified fund with multiple stocks usually.. but these new Bitcoin ETF’s only has bitcoins? Lol

Wondernautilus

No way everyone is fundamentally bullish on a Bitcoin ETF. I can't be the only crypto investor that sees it is a disgusting move to allow wall street to manipulate crypto even more. There was no need for this for people who are into crypto. Why, if crypto was so risky, would you invest in an ETF over buying it directly? It's a step even further away from owning your keys, you don't even own crypto at all in this circumstance. People saying it'll help adoption, no it won't. They aren't "adopting" anything besides yet another avenue of profit. Fuck Steve Cohen.

GeneralZex

It’s not a difficult concept to understand. **Bitcoin** will dip tomorrow on the news of the ETF trading.

BeerAndADart

You seem to have a fundamental misunderstanding of what an ETF is. This is a tool to speculate on the price of BTC. Not to use its intrinsic features.

riddled_with_errors

It's not that we will invest in the ETF, it's that our BTC (which we hold the keys to) will be worth more.

Jumpman707

Bull run happened and all logic is thrown out the window...lol. I also think they are just bullish on the news but will never subscribe themselves on the ETF.

CryptoAddict420

Change my mind: Bitcoin ETF feels more like Robinhood 2.0 Still not your keys, not your coins! Also you are not able to transfer your BTC funds anywhere.

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CryptoAddict420

I see so many people being bullish on the Bitcoin ETF news... What happened to the "Not your keys, not your coins" or that you are not able to transfer your BTC anywhere??

coinfeeds-bot

tldr; The ProShares bitcoin futures exchange-traded fund could debut as early as next week, marking a milestone in digital assets. The firm submitted an amended filing with the Securities and Exchange Commission on Friday for a bitcoin futures ETF, which carried all the hallmarks of a regulatory filing that might lead to a launch soon, CFRA's Todd Rosenbluth said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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coinplz

The ProShares ETF will be launched tomorrow. This is the only article I could find that explains how it is connected to the actual purchase of BTC (via futures contracts to create a synthetic asset).

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Western_Boris

I don't think so. Bitcoin only boosted so little when the news came out that propably SEC will approve now so I think the biggest part of that boost is till coming with the official news next week. BTC ETF is so good news as showing some people that BTC is totally legal etc, even if the futures ETF is not really the best thing we would want.

Western_Boris

Why not? I read that monday is the last day SEC can object the ETF if they want to postpone it. Have I missed something?

Nutmasher

That's not how futures work. People can pile into futures contracts and spot price stays stagnant. So again, they'll pump it to get people too buy the ETF higher, and then they'll drop it. People will still lose money as entry is pegged to the future spot price. I trade micro Bitcoin futures, so I know.

Ferity2

Is an ETF not just a stable coin in reverse?

scottyarmani

It was sarcasm. This ETF won't have the effect you think

lj26ft

The BTC ETF is a sham designed to enrich Wallstreet at the expense of unsophisticated investors. WCGW letting people buy and ETF that doesn't hold the underlying asset. People will get rekt with it guaranteed. If they gave a shit about investors it would be a spot exposure ETF required to hild the underlying. This shit will be rehypothecated to hell an back just like everything else.

ween1e

So can anyone explain what a “Bitcoin ETF” actually contains?

jpwhat

Agree. And if the ETF for Bitcoin is approved I feel it’ll alter the cycle.

Chino-_-Chaos

Personally I think the ETF is going to be a good thing. Anyone who can't get Bitcoin can get exposure and the people that don't understand it can get the ETF because they don't want the trouble of actually holding the coin. Boomers

Human-go-boom

It’s just a futures ETF. It’s just a way for a few wealthy brokers to milk a few wealthy clients.

nDreCoelho

What you're afraid of is already happening for years. Crypto ETF will only being more money into crypto but the manipulation will just continue

Intelligent_Page2732

Crypto is in it's very early stages yet and things like approved ETF's are needed to improve the maturity of the market.

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coinfeeds-bot

tldr; Bitcoin faces a pivotal weekly close on Oct. 17 with bulls scrambling to squash final resistance before all-time highs. Only once before has Bitcoin ended a weekly candle above the $60,000 mark. Monday constitutes the earliest conceivable launch day for the first approved US Bitcoin exchange-traded fund (ETF) product. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The first bitcoin exchange-traded fund is expected to start trading on Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account. ProShares filed plans on Friday, laying the groundwork for the launch of its Bitcoin Strategy ETF. Other funds are expected to follow over the next two weeks as the Securities and Exchange Commission considers additional proposals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto investor Lark Davis tweeted, “#ethereum already pumping, just wait until they announce the ETH ETFs!!!” Crypto trader and investor “The Wolf of All Streets” similarly took to Twitter to predict that an Ethereum ETF is “coming eventually.” Going to start the campaign now for the SEC to approve an ETH ETF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

user13958

I have my fingers crossed about this ETF :)

sharatdotinfo

When BTC ETF?

beklog

Ethereum ETF & ETH 2 may be the catalyst for the 10k ATH

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