Re: Bitcoin and Nasdaq and NYSE

Quote from: Pab on November 27, 2018, 02:34:28 PM

Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures
We can say yet another future to fool us but Nasdaq wants to with cooperation of VanEck ETF

The Nasdaq futures will be based off the Bitcoins price on numerous spot exchanges, as compiled by VanEck Associates Corp., the person said. CME uses prices from four markets, while its just one at Cboe

Yet another big name what want to list his own future will be NYSE
New York Stock Exchange owner Intercontinental Exchange Inc. said last week it will launch its own contracts on Jan. 24

24 January is scheduled launch of Bakkt

Maybe that news are good prognostic for ETF approval
Whatever to think about it both Nasdaq and Nyse are big names maybe not enough big for our lovely Jame but big

https://www.bloomberg.com/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices?utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&utm_content=crypto

I don't think Bakkt moved or delayed their opening to actually be at the same time as those two because they needed the upper hand and be early at ETF in order to get as many customers as they can however if what is said is true and nasdaq and nyse is actually starting etf for bitcoin I think it will be amazing for all of us. Think about it when the investors wants to buy bitcoin ETF and they lose money do you think they will comeback to that investment bank? I don't think so, they are not going to be like "oh the bitcoin didn't work so lets do something else" no they will be more like "your investment didn't work I am taking my money somewhere else". Hence banks will have a lot of incentive to keep bitcoin price above certain price in order to keep customers happy.