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/biz/ - Business & Finance

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56087120 No.56087120 [Reply] [Original]

You have 1 group of people saying a Spot ETF is the most BULLISH thing ever to happen to Bitcoin.

You have 1 group of people saying a Spot ETF is the most BEARISH thing ever to happen to Bitcoin

You have 1 group of people saying a Spot ETF changes nothing

So what is it then? Im so fucking confused

>> No.56087233

>>56087120
Spot ETF is super bullish it's a USA co-sign for BTC.

>> No.56088450

>>56087120
Why is it bearish?

>> No.56088911

>>56088450
Im asking you

From what ive heard people tell me is that it will

>create "paper" bitcoin like "paper IOU" gold
>allow more bigger players to dump on the market easier since regulators are no longer stopping a lot of players in the market from trading while filling their leverage short positions in other trades

>> No.56088929

>>56087120
ignore the ETF the SEC wants you to think that it matters to provide the false narrative that they are in control of crypto prices the same way they are the stock market. BTC is trading hand and hand with the DXY it has been the most mature inverse dollar asset all year. Even more than oil, gold, commodities, etc

>> No.56088960

>>56087120
My uneducated guess would be that having BTC available to trade on the stock market would make it possible for people to invest their retirement funds in it.

>> No.56089260

did anything change since Van Eck and others applied and got rejected because of 6 points? no

>> No.56089281

>>56088911
or pump then short after next bull market

>> No.56089286

>>56088911
> A spot Bitcoin ETF is backed by physical Bitcoins that underpin the value of the ETF. If the value of the digital coins backing the ETF rises, the value of your investment can generally be expected to increase. In simple terms, if the price of Bitcoin increases, the investment should too.

>> No.56089290

Institutions buy OTC, retail is what drives the bull market, where Institutions dump

>> No.56089313

>>56089286
This is also why Blackrock are investing so heavily in bitcoin mining even when the circulating supply of bitcoin is about 19.5M BTC. They want ultimate control and ownership over bitcoin, over the next 90-100 years minimum. So sell your bitcoin.

>> No.56089328

>>56087120
Kek it’s astounding how quickly we forget. Look up the date the first Futures ETF was launched

>> No.56090066 [DELETED] 

test e

>> No.56090127

can't post shit wtf

>> No.56090163

when you put yourself in (((their))) shoes they don't need bitcoin to moon, they could be satisfied with 10-30% yearly gains to keep their boomer clients happy without any crazy rollercoaster bull/bear phases, what do you all biz chads think?

>> No.56090171

>>56089313
Everytime the current paradigm is challenged they make deals to not risk their status.

Why in the hell would you sell now?
You're about to get your spot in the winner's circle for some fucking sats.

Beyond that blackrock can't change the rules and who knows where it'll evolve.
Say they own the miners this just means electricity got stupid cheap and bitcoiners got stupid rich.

Beats living in ESG niggerville.

>> No.56090183

>>56089286
>physical Bitcoins
>physical
>Bitcoins
what did he mean by this

>> No.56090250

Everything seems like we are poised for a new bullmarket, the upcoming halving, the incoming etf, but isn't it kind of too obvious/to easy? Gold did a 3x when its etf had first launched, and from bank of America study we know that 1m USD moves the market cap by 1:18 ratio, but wouldn't all of that already be reflected in the current price?