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RE: Buckle Up: NYSE Files For Leveraged, Inverse Bitcoin ETFs

in #bitcoin7 years ago

I believe the ETFs will drive up the price (and increase volatility) as the article stated. Its interesting bc Wallstreet will create derivatives / financial instruments for their favorite tokens/coins which might change the game for those coins (for better or worse), but other coins will stabilize in 2018 that arent in “that system.” If ETFs etc prove to be bad for the first wave of cryptos, will we see them created for the second wave? Then there is the fact that exchanges will become more and more user friendly (like coinbase) and when that happens, will anyone even want ETFs? I tend to think not, but we are in uncharted waters so buckle up!

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