What is Bitcoin ETF? What will be the results for Bitcoin?
I would like to describe you guys that Bitcoin ETF is bitcoin-based exchange-traded fund. In other words, An exchange-traded fund (ETF) is a passive investing instrument that tracks underlying benchmark indexes (such as the NASDAQ-100 Index, S&P 500, Dow Jones, and others), commodities, bonds, or portfolios of assets and replicates their performances. ETFs can be traded like a common stock on exchanges, combining the diversified holdings of a fund with the low cost and tradability of a share. Unlike traditional mutual funds, ETFs have no investment minimums or sales loads.
And people believe that this rule will boost bitcoin price to the whole new level. Also Forbes believes it so.
Donations are accepted for Bitcoin: 12fPeJECiTxzeB2h59QzS3YgytCLeVGfsk
Donations are accepted for Ethereum: 0x2E24d69173046C92771cAa29134e2e3Eff83155C
If it happens then it will be possible for most financial institutions to invest directly in BTC. There are some regulations and compliance that most firms follow which makes it impossible for them to invest in "exchanges" like coinbase. Doing it directly on an ETF eliminates this constrain, opening the doors for them to put potentially billions of dollars
And this billions of dollars investments may be useful for Bitcoin lovers.
Too late, already failed / blocked the way.