Quote from: iammrash on July 23, 2018, 09:16:05 AM

What's gonna happen if crypto get ETF approval??? All about bitcoin ETF

Recently there's not a single member of this community who didn't heard about the ETF thing.. But Many of them also Have Question.. What is ETF??? And many have Question.. What's the benefit of ETF?? Here is the answer..

What the hell is ETF???

ETF stands for exchange-traded fund and describes a kind of investment fund where the price of assets like gold, stocks and oil can be tracked. These assets can then be traded on exchanges, just like conventional stocks. What this means is that investors have the option of buying and selling their holdings in this exchange-traded funds to other investors via the stock exchange.Just Like the other stocks..

What's the Benefits of a Bitcoin ETF

Now that weve got the issue of what is Bitcoin ETF? out of the way, lets explore some of the benefits of having Bitcoins as an asset class on an ETF. One existing drawback to investing in Bitcoin is the complexity surrounding it. However, with the advent of Bitcoin ETF, the cryptocurrency will become open to a diverse set of investors. in the Trillion Dollar market place..

This means that the richest peoples and investors who were willing but unable of the trust can now invest in Bitcoin the way they would do for mutual funds and pension funds.

What will be the results of this ETF??

Weve established that as a result of the advent of ETF, the crypto market will have new entrants new investors. New investment firms..etc.. It is then expected that Bitcoin ETFs will cause the value of Bitcoin to a high level.. This is same with the occurrence in the early 2000s where ETF for gold was set up and the price of gold surged Rapidly overnight..
The same thing gonna happen with the crypto market too.. And we'll be able to see 40k-50k$ price of bitcoin if we got approval in ETF. And crypto market will become Trillion Dollar Market Soon ..

If this happens, I think this will be a positive sign for the future of BTC and crypto. People still need to wait until August 16 to see whether the BTC is approved by the ETF, I believe the value of the MOF in the coming time will increase continuously.