Slightly as a cycle of Satoshi, which says that the more interest in Bitcoin increases, the higher the price of Bitcoin increases, which leads to more interest. Bitcoin
There were tangible booms in Bitcoin when Wall Street entered the field of digital currency. The big names in banking and money did not support them.
In fact, when there was negativity backed up on the other side of Wall Street, the Bitcoin price exploded, like Jamie Dimon Vitriol
While the boom continues There are now vehicles that are helping even the most stubborn of traditional investors to join the digital forray, the latest being the announcement of futures.
However, the time seems to come for another vehicle, one that failed earlier when the Winklevoss twins tried the Bitcoin ETF
What does it mean? AND F?
First of all, an ETF is a kind of investment vehicle that uses Bitcoin as an underlying asset. ETFs, in general, are financial derivatives, which track the value of an underlying asset or several assets and which are tradable during trading hours.
They have two main uses: the first is to provide investors with a basic return at a minimal cost. This return comes from the long-term increase in the value of the underlying assets. The second profit opportunity comes from day trading. Any ETF value changes over the course of the day, mimicking the movement of its core assets and short-term traders are able to speculate about it.
These vehicles have been tools for traders and investors. They offer an easy way to capitalize on the value of these products in a convenient environment on a stock exchange, where investors do not have to trade with ounces of gold or barrels of oil.
What will an ETF do? for the Bitcoin market?
Obviously, this type of investment vehicle is designed to make the quiet life of investors even more comfortable. That alone, as well as its familiarity for these investors, makes Bitcoin much more attractive and much less risky.
This has been actively seen with only the announcement of Bitcoin futures being announced. When CME announced that it would offer futures on Bitcoin in the future, the currency was raised to over $ 7,000 while Wall Street and other investors valued their chance of investing. 39, exchange a futuristic commodity in a familiar way.
With this paradigm being broken, and the CME taking the plunge, there will inevitably be a wall break when it comes to future futures, as well as ETFs.
The time is near
The ETFs were known before, but the wealth of Bitcoin is well regarded and very well, the Winklevoss twins. However, the SEC rejected them. It was March when the changing environment of Bitcoin was very different
However, the power of a simple sniffing of ETFs was palpable while news of Winklevoss twins putting forward their application ETF saw Bitcoin change
Now, however, with the CME allowed to go ahead with futures, the moment is certainly good for ETFs, and this is not the case. not even speculation, the SEC is ruminating
New Markets
Bitcoin ETF would open a brand new Pandora's Box when it comes to investing and to hold Bitcoin, welcoming those who are still very skeptical and cautious about volatility
This ad alone could drive up the price as the money flows into the ecosystem and that demand would reach highs.
this form. Simon Dixon, CEO and co-founder BnkToTheFuture, in his opinion rather thinks that an ETF is a very bad way to hold Bitcoin.
Dixon says that an ETF would introduce counterparty risk in Bitcoin – one of only zero counterparty risk assets. He sees the phenomenon as an example where traditional regulations are reducing consumer protection as a result of the attempt to turn Bitcoin into a traditional investment vehicle.