Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Blue King7 on April 20, 2022, 03:48:03 PM

Title: Australia’s first Bitcoin ETF could attract $1 billion after launch next week..
Post by: Blue King7 on April 20, 2022, 03:48:03 PM

Australia Bitcoin news..

Link: https://cointelegraph.com/news/australia-s-first-bitcoin-etf-could-attract-1-billion-after-launch-next-week

Title: Re: Australia’s first Bitcoin ETF could attract $1 billion after launch next week..
Post by: Istiak on April 20, 2022, 06:23:43 PM

How this can be done? because as i know they have not identify bitcoin as a legal tender or currency. But over all this is a good news for the bitcoin market. Though this time we saw some strange pattern in the btc market but its a good sign that anything like 2018 didn't happens. This gives confidence people to trade bitcoin.

Title: Re: Australia’s first Bitcoin ETF could attract $1 billion after launch next week..
Post by: TomPluz on April 23, 2022, 08:55:36 AM

Overall am not that so excited with any approved ETF infrastructure for Bitcoin because I am under the impression that an ETF platform would not have any direct effect on the price movement of Bitcoin and can even be a tool that can dampen the whole market...which is what happened with gold. Anyway, the advantage is that we can finally see and say that Bitcoin has come to the mainstream in the investing circle. Let's hope that because of this more and more institutions will be buying and holding BTC into the future.