“I’m mosting likely to burst your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin fanatic, explained Bitcoin ETF. He believed that his description would make several crypto lovers thinking about the Bitcoin ETF take their steps back as it is a “horrible concept”.
” I know a lot of individuals really intend to see an ETF happen due to the fact that “to the moon and lambos!” However I think it is an awful suggestion. I still believe it is going to happen, I just think it is an awful suggestion. I’m really against ETFs. I think a Bitcoin ETF is mosting likely to be harming to the community,” he claimed.
Bitcoin ETF can adjust prices
Pertaining to Bitcoin ETF’s ability of attracting substantial amount of exposure, its emergence has given rise to expectations. It has actually likewise seen a rise in rates and trading quantities once it has actually been authorized.
ETFs could open the Bitcoin market to a group of institutional investors as well as can additionally provide a system for huge financiers to adjust the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip series, ‘Bitcoin Q&A’, he said: “Everyone is so thrilled regarding ETFs. Just what we have actually seen in various other markets is that when an ETF becomes available, the cost truly boosts drastically, as unexpectedly that product appears to a lot more capitalists as well as these investors pile on.
” Yet, the other side of it, is that there are constantly these cases that the commodities markets are heavily controlled and opening these ETFs just increase the ability of institutional investors to adjust the rates of assets.”