Quote from: deisik on March 10, 2017, 05:14:57 PM

Quote from: calkob on March 10, 2017, 05:02:15 PM

I think your right that eventually we will see a bitcoin ETF and i have read a few articles that have been saying now is not the best time to get one anyway. If your a hodler like me it dosnt matter anyway im in the for the long run

Personally, I don't see a lot of sense behind a Bitcoin ETF as such

It is assumed that this ETF would be investing in Bitcoin (as the name suggests), but here's my question. Namely, why would anyone want to buy a share in this ETF if he could just buy bitcoins directly? If you don't have enough dough to buy a whole bitcoin, you can just as easily buy a part of it. The smallest order at almost all major exchanges is around 0.01 BTC nowadays (and at a smaller ones it is even lower than that), so you can buy coins with just a few (dozen) dollars. Such ETF's make sense when you can't buy a stock because it is prohibitively expensive for lay folks to buy just one share of a company directly. For example, not everyone can pay over 200k dollars for a single share of Berkshire Hathaway, but with an ETF that invests in these shares, you can indirectly buy a tiny part of Warren Buffett himself

It will help people who have a lot of money invested in assets to put some money easily in BTC ecosystem without the need to have a wallet, security etc. It will also give a sence of legitimize to BTC