ETFs Are No Longer Needed Heck We Don't Even Talk About Them Now
With all the hype about ETFs this year and the pumps and dumps based on news about possible ETFs in the background financial institutions have already started to stack their bitcoin and other coins.
It should go without saying that if you can buy bitcoin there is no reason they can not. Its just not tracked as well yet for taxes etc but with large firms thats a drop in the bucket to figure out compared to the profits they could be making for buying it.
ETFs have been all the rage but the SEC continues to reject them, and well it makes sense there is manipulation in the markets and there really is a shit ton of scamming that goes on. But then again does that not already happen in stock markets and fiat currency uhhh yeahh! But the SEC wont ever admit or care about it thus an ETF most likely seems off the table for a long time hell if not for good!
But don't let that fool you bitcoin is decentralized so you should not give up on it. The more we adopt, use and trade with it the better of we are from getting away from greedy hands and spreading the wealth. We do a pretty good job of it here at steemit!
The market will continue to remain flat because with Bitcoin you cannot do much right now.
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