Hello i saw on centrabit app, they wrote article about the ETF.. we will see 2500-3000$ each BTC?
check out here:
http://www.centrabit.io/ It doesn't matter if you are a regular blue collar worker or a wall street shark, or an huge billionaire mogul... as long as you got a bank account im sure they will be willing to buy it for you.
Never heard of ETFs being for all comers, have always known it to be some investment tool for the institutions and high networth individuals, who are actually the ones to afford the cost of having to buy those shares in bulk.
This means massive amounts of money coming in. The marketcap is tiny, so price can go up quickly.
If it doesn't pass, I think the dip will not be that noticeable.
Don't forget they are not buying Bitcoin direct par se, rather it is the shares of an instrument that tracks Bitcoin that would be on sale. What ETF approval would likely do for Bitcoin is that it is going to tag a sort of endorsement for Bitcoin and then more adoption by wealthy people.