Quote from: Darker45 on Today at 04:06:54 AM

Quote from: ungkuahmad on Today at 03:03:01 AM

Quote from: Darker45 on Today at 01:28:52 AM

~snip~

Indeed, spot ETFs have long been approved in early 2024, why did I create this topic because I just reminded you that the impact of spot bitcoin ETFs still affects the current increase in market price.

From all of this, many institutions support and the development of bitcoin is getting faster, even many people are competing to trade so that they make money without high risk and after spot bitcoin ETFs are approved, many people want to save long-term bitcoins because they believe this is a success in the future.

Yeah, Bitcoin spot ETFs are contributing much to the current price movement.

But you are wrong in thinking that trading ETFs is without high risk. In the first place, the risk of volatility is still there. But more than that, these ETF traders don't have with them real Bitcoin. What they have are IOUs. They're trading financial instruments representing Bitcoin, not actual Bitcoin. In which case, they don't have absolute ownership and control over their coins. The reserve is in the custody of a third-party, fourth-party even because the platforms on which trades happen don't keep the actual coins.

When it comes to saving long-term, I'm afraid these ETFs are the wrong way to do it.

Never thought about how they worked behind the curtains, however - wouldn't these funds pour into ETFs considered "smart money" themselves, and, naturally, the ones which bring the institutions lots of profit, thus for everybody who tries and follows the flow correctly?