Will the ETF affect the cryptocurrency market?
👀 The past couple of weeks have not abated the discussion around the news that the CBOE again applied to the Securities and Exchange Commission (SEC) for the opening of bitcoin-ETF. The Chicago Stock Exchange plans to trade bitcoin-shares, each of which will cost 25 BTC.
🤔 What is ETF?
The exchange-traded fund is investment funds, which are traded on the stock exchange in the form of their shares (more precisely, units). ETF as an investment tool became widespread in the US in the 1990s.
The main advantage of ETF is that investors do not need to register on exchanges and buy crypto-currencies, they only need to give money to the fund, which will buy coins. Everyone who has bought securities of such a fund will be considered the owner of a part of assets and receive dividends.
👆 Will the ETF increase the cost of Bitcoin (BTC)?
The permission to create bitcoin-ETF will open the doors of the crypto-currency market for a large number of investors who will receive a simple and easy investment tool. There is a possibility that with the opening of the ETF, the BTC will rise sharply to $ 10,000 or even $ 20,000.
✅ Is there a confirmation of the effect of ETF on the value of the asset?
In 2003, the first-of-its-kind ETF for precious metals was introduced in the stock markets. ETFs secured by gold quickly gained popularity, and eight years later - by the time of the peak gold prices in 2011 - they accumulated a record 2,500 tons of metal for a total of $ 120 billion at those prices.
📆 In the event that the SEC and approves the creation of bitcoin-ETF, it is likely that its launch will occur no earlier than the end of 2018 - early 2019.
#bitcoin #ETF
👀 The past couple of weeks have not abated the discussion around the news that the CBOE again applied to the Securities and Exchange Commission (SEC) for the opening of bitcoin-ETF. The Chicago Stock Exchange plans to trade bitcoin-shares, each of which will cost 25 BTC.
🤔 What is ETF?
The exchange-traded fund is investment funds, which are traded on the stock exchange in the form of their shares (more precisely, units). ETF as an investment tool became widespread in the US in the 1990s.
The main advantage of ETF is that investors do not need to register on exchanges and buy crypto-currencies, they only need to give money to the fund, which will buy coins. Everyone who has bought securities of such a fund will be considered the owner of a part of assets and receive dividends.
👆 Will the ETF increase the cost of Bitcoin (BTC)?
The permission to create bitcoin-ETF will open the doors of the crypto-currency market for a large number of investors who will receive a simple and easy investment tool. There is a possibility that with the opening of the ETF, the BTC will rise sharply to $ 10,000 or even $ 20,000.
✅ Is there a confirmation of the effect of ETF on the value of the asset?
In 2003, the first-of-its-kind ETF for precious metals was introduced in the stock markets. ETFs secured by gold quickly gained popularity, and eight years later - by the time of the peak gold prices in 2011 - they accumulated a record 2,500 tons of metal for a total of $ 120 billion at those prices.
📆 In the event that the SEC and approves the creation of bitcoin-ETF, it is likely that its launch will occur no earlier than the end of 2018 - early 2019.
#bitcoin #ETF
❣️ trade.io are giving away 5 BTC to our lovers of crypto trading ❣️
trade.io are celebrating the additions of the #NEO and #EOS blockchains onto our exchange by giving away 5 BTC to members of our exchange.
https://bit.ly/2UWFOju
#crypto #lovecrypto #bitcoin $btc #tradeio $TIOx
trade.io are celebrating the additions of the #NEO and #EOS blockchains onto our exchange by giving away 5 BTC to members of our exchange.
https://bit.ly/2UWFOju
#crypto #lovecrypto #bitcoin $btc #tradeio $TIOx
Facebook took over the old - started banning the #bitcoin hashtag. They say this topic violates the standards of the social networking community.
Glassnode showed monthly traffic trends for major exchanges and CMCs after Musk added #bitcoin to his Twitter profile