Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Gideon99 on February 22, 2024, 05:56:29 AM
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I understand that the ETF is on a stick exchange, that would make it easier for investors to gain exposure to Bitcoin without them having the hassle of storing and buying Bitcoin. Any more ideal about the black rock Bitcoin ETF?
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I understand that the ETF...make it easier for investors to gain exposure to Bitcoin without them having the hassle of storing and buying Bitcoin. Any more ideal about the black rock Bitcoin ETF?
Well, it must be making some sense otherwise nobody would have filed one and no one would have patronized an ETF which we know are now approved and operating in the market. There are many advantages as well as disadvantages (https://cointelegraph.com/learn/investing-in-bitcoin-etf) of getting into a Bitcoin ETF and one must make sure that he knows what he is dealing with. Now, it is good to note that ETF is nothing new in the market so that in 2022 there were 8,754 ETFs (https://www.statista.com/statistics/278249/global-number-of-etfs) globally compared to 276 in 2003, managing assets up to almost 10 trillion U.S. dollars focusing on stocks, assets, markets and with varying investment strategies. Recently, we witnessed the excitement of Bitcoin ETF all because this is a significant leap for BTC as finally it is now recognized by the financial industry as a legit asset worth investing with but whether this can be a boon for Bitcoin in the long run it remains to be seen so let's continue to watch out. I would compare getting into ETF with watching your favorite sports game without being there on person so you go on to your TV or streaming service. Personally, I prefer to own Bitcoin directly as I want total control of my asset being a firm believer that not my keys not my asset.
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I understand that the ETF is on a stick exchange, that would make it easier for investors to gain exposure to Bitcoin without them having the hassle of storing and buying Bitcoin. Any more ideal about the black rock Bitcoin ETF?
There are 11 Bitcoin Spot ETFs and BlackRock is only one of them. So far, they are a biggest one amongst new approved Bitcoin Spot ETFs, exclude GrayScale (ex-Grayscale Bitcoin Trust).
Bitcoin Spot ETFs have very long term impacts on Bitcoin market because they are entry gates for companies from Wall Street and institutional investors with massive capital to flow into Bitcoin market. That means we will see much higher demand in coming months and years.
As a Supply & Demand principle, with expected much higher demand, supply is the same, price will increase a lot.
Read more
- Bitcoin Spot ETF Tracker (https://www.altcoinstalks.com/index.php?topic=316029.0)
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I understand that the ETF is on a stick exchange, that would make it easier for investors to gain exposure to Bitcoin without them having the hassle of storing and buying Bitcoin. Any more ideal about the black rock Bitcoin ETF?
Some spelling mistakes, Stock*, Ideas*. Please correct them. Besides that, I think ETF approval is going to be the 2nd big factor to increase the price of BTC close to $100k easily, the current price per IBIT share is around $29 one can buy it for $29 but can't buy less then that, means people can't buy the fraction of it, they have to buy the whole, Which is a positive sign because if one is planning to invest 100 he won't because he can't buy hundred instead he would prefer to buy 4 shares instead of 3.
I might be wrong on my aforementioned statements, BlakcRock's ETF is not much of an importance alone, there are other companies do exists make good volume, overall these 11 ETFs companies have bought $800+k BTC which is not that big amount but it is going to attract more people.
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- In a month that passed after the approval of the SEC on bitcoin spot ETFs, the news spread that Blackrock became the main company that had the largest holdings of bitcoin in just one month among the companies approved by the SEC on bitcoin spot ETFs.
This just goes to show that these institutional investors can hold a lot of bitcoins in just a few months. Try to imagine how many bitcoins Blackrock holds in just one month.
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Bitcoin transfers trust from third parties or various sources to a decentralized network, and all you need is to secure your private key so that a third party cannot know it. If you cannot do that, it is better not to invest in Bitcoin because it is against the idea of creating it. If you view Bitcoin as an investment, you can either invest in Bitcoin directly in an ETF or indirectly in the stock market, whether mining company shares or coinbase shares.
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I understand that the ETF is on a stick exchange, that would make it easier for investors to gain exposure to Bitcoin without them having the hassle of storing and buying Bitcoin. Any more ideal about the black rock Bitcoin ETF?
Here is the thing. Bitcoin technological aspect is too complex for the institutional investors, they but they rather have the Bitcoin profit than watch doing nothing, so Blackrock came up with the ETF application and after long waiting, it was approved and every institutional investors can now hold Bitcoin without holding the real Bitcoin because black rock has an equivalent Bitcoin that were bought in there custody(with coinbase).
There was a time centralized exchanges like Binance and Gate exchange were trying to do something similar, you will see things like BitcoinUP and BitcoinDOWN, they were trying to get institutional investors to buy that instead of buying and holding real bitcoin as it was peg at the leverage of 3x and yet, it wasn't successful. What they wanted was the spot ETF and without leverage and it has now been approved and trading of Blackrock and other ETF Bitcoin platforms.