We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETFs? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
Hey Etfs are an investment tool used by many investors to hold assets which they can't hodl directly, like gold. When it comes to Bitcoins Etf Sec has a perception that people will manipulate it to make money, and common investors could suffer. Here I disagree with them as it's not possible to manipulate Bitcoins prices, yes we do see pump and dump but we don't see it everyday. I'm in favor of Bitcoins Etf as it'll increase the inflow of money in Bitcoins, which will result in higher adoption and greater sentimental value, many people who are not comfortable to hodl it directly, can now own it, and they won't need to fear of hacks or theft. Hence I support the idea of Bitcoins Etf.