WHAT IS ETF?
ETF remains for "trade exchanged store" and portrays a sort of venture subsidize where the cost of advantages like gold, stocks and oil can be followed. These advantages would then be able to be exchanged on trades, much the same as customary stocks. This means financial specialists have the choice of purchasing and offering their possessions in this trade exchanged assets to different speculators through the stock trade.
WHAT IS BITCOIN ETF?
a Bitcoin ETF is one where the hidden resource is Bitcoin. This implies when you buy Bitcoin ETF, you're acquiring the digital money, yet in a roundabout way. This is on account of you're holding the Bitcoin ETF in your portfolio and this ETF tracks the constant cost of Bitcoin. In this way, the distinction is that when you put resources into Bitcoin ETF, you have the advantage of exchanging Bitcoins without the battles of purchasing and putting away it.
WHAT IS THE EFFECT ON BTC ?
The application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
WHEN...? 10 AUGUST OR LATER?
The provisional date for the SEC's choice is Friday, August 10 — however, a 45-day expansion is conceivable. This implies a choice ought not out of the ordinary no later than September 24.so consider it when you are investing.
WHAT IS THE POSSIBILITY OF GETTING ETF TO BITCOIN?
One noteworthy explanation behind a year ago's dismissal was that Bitcoin markets were "unregulated." "In view of the record before it, the Commission trusts that the huge markets for bitcoin are unregulated," it clarified. Be that as it may, soon thereafter, Bitcoin Futures started exchanging as large speculation banks, for example, Goldman Sachs and JP Morgan began dunking their toes in digital forms of money.
In the event that everything goes well we will see no less than a 10k BTC inside the following 3 weeks...
SO LETS HOPE FOR THE BEST GUYS.
THANKS