Spot ETF: Just A Catalyst To The Bull Run?

cmplxty last year

I was reading some analysis earlier about a review of the grayscale ETF application and it was really sketchy. The people who invest in it do not get like for like when it comes to money in and getting bitcoin which has never happened before for an ETF. They theoretically could get the asset they invest in (do you think if someone invests in a gold ETF they are getting gold if they need to? I highly doubt it lol) and it’s acknowledged as a considerable risk. This will be a loophole that’s going to be wielded by the technical people to the maximum for sure and a lot of people are going to get decimated by it.

I don’t think this ETF is going to be an overall net positive for the crypto industry. We need to be leaving the old relic behind and forging a new path, not connecting to their shit

0.42 VYB

2 votes

josediccus last year

Well, exactly what I feel too. But one thing about the cryptosphere is that a lot of people are not really keying into the rhetorics, neither do they really want to take the time to know what the spot ETFs are, they just hear it's the next big thing in crypto and that's it.
I'm hoping to really see how it goes,but like you, I just crypto might just be able to do it's thing, even if this wasn't here.

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nkemakonam89 last year

To be sincere, most of these crypto terminologies sounds new to me and difficult to understand. But one thing I know is that the bull run is coming soon, although the time isn't assured and I am Patiently waiting to experience what it looks like
Good morning big Joe

josediccus last year

Well, learning is everything. Constant exposure and alignment helps one understand some intricate part of the cryptosphere and everything.

Right, I'm also patently waiting

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ecency last year

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josediccus last year

Thank you

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joanstewart last year

Too many aiming for the stars not firmly grounded at all. New is not always better for the people, like 15 minute cities, imagine in a disaster. People must start questioning!

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josediccus last year

Well, it's our nature, provided the ETFs brings the bull run

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joanstewart last year

Wouldn't mind a bull run either, always cautious what you dive into. !LOLZ

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thebighigg last year

Every bull run is different, and so I don't think we can safely look at the last one to really predict the next one. Blackrock is definitely going to play a factor, and if the SEC finally decides to play ball it could get interesting. I'm optimistic but the forty thousand is looking like it's going to hold, for now anyway. Let's cross our fingers as we could all use some luck!

How are you holding up?

josediccus last year

I want to really know the role Blackrock will play, because the buzz is much, I like to see if it'll hold up play. I want to also know if this is going to be just a thing of the bull market or it'll finally come to stay in crypto, my arms are folded.

As for me, well. I'm here, still struggling with the thoughts of my diagnosis and what my next course of action will be. I couldn't come here yesterday... So.

0.01 VYB

thebighigg last year

Keep hanging in there! Sounds like you're trying to focus on some other things which is a great idea. Especially if there's little you can do until next month.

I think we're all just waiting to see what really comes of this Blackstone deal.

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josediccus last year

Well, it's either that or I swing back into depression and all.

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thebighigg last year

I don't recommend that!

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melbourneswest last year

This is going to be an interesting development for the future. I'm wondering if once they are announced there will be another push up and then all those buying now start selling and cause a crash

josediccus last year

I think that people are waiting for some grand predictions to happen before they'll start selling. I don't envisage a crash for now, except corrections here and there.

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josediccus last year

Thank you

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takhar last year

I think gauging from the different sentiments that people have about Bitcoin ETFs, the outcome once it gets approved may be quite different from what many people expect. I'm hoping that its impact or influence on crypto to be minimal, especially in the long term.

josediccus last year

I don't know, it's just beginning to get a bit shady with the spot ETFs. No one can really say what Gensler and the SEC is doing with Blackrock

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bless2 last year

I love the way you write

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jfang003 last year

I still think the ETF approval is bound to happen. Gensler can delay things but I do agree that it can be delayed quite a bit. After all, Gensler won't always be around to push his agenda and I am sure the pressure is getting larger. The ETF is still somewhat required given the difficulty of entering crypto right now.

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josediccus last year

The ETF is still somewhat required given the difficulty of entering crypto right now.

This is a good thing to know, it's relevance to the crypto space is relevant and very important. This is why I was asking if people are just seeing the spot ETFs as a marker for the bull market or if it'll maintain any relevance after that.

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djbravo last year

That's exactly what we've seen for months now and people are putting money into the market because of that, but we have to take care of all the things if we're going to make a good profit. Profit should be taken because it has happened many times when the market falls too much on the news, we should take profit to avoid this.

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