Would a Bitcoin ETF Cause the Price to Explode?
With recent news that the CBOE has been "nudging" the SEC to approve a Bitcoin-based ETF, I thought it would be worth exploring what kind of impact this could have on the price.
Let me know your thoughts down below!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
I agree there...
I think bitcoin etf is gonna explode the bitcoin price and I sure am hoping for that
A bitcoin ETF would cause a massive inflow @louisthomas ...and likely may be the item that will cause a 50% plus gain from these levels. Although I believe it would fizzle. We are going to be in a consolidation period likely for the next year before this logarithmic trend holds and continues...
thomas the price can go either ways,, thanx for the video again mate
well to me it looks like it can't really fall below 6k so far, not even with outside intervention!
Cryptocurrency market was 2 months recently in town and we hope to trying to our best fruits reservation on road under the cryptocurrency and Bitcoin many peoples want to invest there but they didn't know it was there because the 25 point 98% share market was 2 months down and who to trying the bestest in this situation of the cryptocurrency market let's see what happened and we will try to our best and once the cryptocurrency market back again on this road!
A Bitcoin ETF would be a watershed moment for crypto and BTC in particular as it would signal mainstream acceptance of crypto as an alternative asset class by the finance industry and result in a huge influx of institutional money into the crypto space. However for this to happen regulatory issues surrounding crypto would have to be resolved. In particular the "bun fight" between the various regulatory agencies regarding who actually regulates crypto would have to be definitively settled and IMHO I can't see this happening anytime soon.
I hope BitcoinETF initiative can make the price to explode is the leading cryptocurrency at the moment, so it's behavior in the market will affect other cryptos. I like this interesting review @louisthomas.
it will definitely increase the price
I totally agree, such movements can only be made through power
Thats what one of the last Palm Beach Confidential(I think thats the name of the group) says, but personally I'm waiting for Bitcoin at 6000$ or less with my FIAT.
Edit: I have that position because I monitored the BTC going down since future contracts appeared.
In my opinion it could generate both ups and downs in the price. It will depend on the injected capital and the expectations of these institutional investors, in the bitcoin chart we can see that since the CME futures started the price just went down,
We are on the same side about the CME futures.