Why would anyone be "excited" about this ETF when Bitcoin has dropped over 50% of it's value since the beginning of the year? Now if it becomes available around the same time that we break this losing streak, then things could get crazy quick, but right now it wouldn't be looking like a very good investment to anyone IMHO.
It's a good investment because it dropped over 50%, not the contrary, now bitcoin is undervalued and will recover fast.
not everything is as black and white as you see it.
the whole market is still not big enough to not allow manipulation.
there is simply no way of knowing what will happen next, but as long as its still being talked about, its good to invest.
thats my opinion anyways..
Not big enough to allow manipulation? The bitcoin market is obviously hugely manipulated and has been all year. Small markets are not harder to manipulate than large ones, quite the opposite actually.