Hi everyone, I've heard about a project of doing an "ETF" (exchange traded fund) on the bitcoin. But I'm not sure to understand the point of that since we can already exchange bitcoins on platforms ? What could we expect about the cryptocurrency to become if the project works ?
You first need to learn what ETF means, here a quick course for you:
http://www.investopedia.com/terms/e/etf.aspBeing accepted as an ETF means that bitcoin will be recognized by regulated markets officially, just like stocks and bonds. It will open up a whole new trading market for bitcoin and prices will be manipulative as fuck.
So i don't know if it is a good thing tbh. Look how it did to gold.
I agree with your point that if it got approved and listed in ETF then it can be traded through fiat currency by all the brokers and the price will surely fluctuate more then what now it is happening and it can also be traded like what they have done to gold and silver or any other commodity trading. so it is also a risky to add it to ETF.