Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What the hell's happening. Does anyone know why we are seeing a rise all of a sudden right now ?
Can't believe this
Can't believe this
Barry's ETF got approved.
It's not an ETF. It' s an OTC (over the counter), a penny stock. Institutional money is not allowed to trade this.
It's a fund, and will be traded on the pink sheets exchanges. Obviously not as big as news of COIN going live on the nasdaq. And no one was suggesting pension funds would be jumping in.
however, another milestone along the historic trajectory of bitcoin ... now we have "publicly traded" bitcoin, in the traditional sense, with all the trappings and risks that brings (like rubber stamped and ironically down to the detail that you don't actually possess the underlying asset!)
This one event signifies a new chapter beginning.