Exchange Traded Funds and Spot Bitcoin
The high authorities of the United States of Americans security agencies and exchange Commission has taken serious steps to approve the ETF and investment directly into the Bitcoin which would create the amazing mess among the investors of the American people, surely the way has opened to the people of USA directly to invest their money into the currencies, real estate, bonds and Equities etc. There were many people among USA and around the world who had kept their crypto assets under the short arm length but by the grace of (black Rock Inc and Fidelity Investmens) will attract the wholesale as well as retail crypto users.
As we have seen from and since the last decade that SEC has refused the ETF approval but after the Bitcoin struggle SEC approved Bitcoin ETF in January 2024. Now the question here is what is Bitcoin ETF? Actually ETF is a billion and trillion dollar industry which now openly hold the Bitcoin or investment directly into the bitcoin, now the company openly buys and sells the ETF shares upon public exchanges publicly. Now another question arises here. How Bitcoin ETF work's? I will drag the example here about the pixels web3 game which is based on token $pixel backed by the ronin wallet or ronin wallet ecosystem. Same as the case here is Bitcoin ETF work's or if the company releases the millions of tokens which are easily available upon exchanges and trade by selling and buying, these tokens are inturn supported or backed by the company shares, as well as these shares working as the indicators as they show ups and downs of the spot fund prices in response to the Bitcoin.
This means that the investors retain exposure about the virtual tokens, as well as securely store the Bitcoin upon public exchanges, the ETF owners work with big firms such as banks and authorized companies, as well as the market makers buy and sell the ETF shares so that they can keep the hawk 🐦 eye upon the price prediction following the Bitcoin performance.
Regulations
The regulations of crypto assets India as the news come out from the Govt as they will impose regulations upon cryptocurrencies and according to my view this law should be implemented throughout the globe upon crypto market. If we look back and forth of the Bitcoin prices like in 2021 it was 65 percent up and in 2022 it was 67 percent down and again gained their value in 2023 but these prices are highly volatile. So actually this was the main reason why the regulatory bodies opposed the ETF not only this but expressed their grief and grievances of the Bitcoin volatility which could hit badly balances of the common peoples around the world 🌎 directly. SEC has also raised their concerns about Bitcoin funding and the altcoins volatility who actually owns them as reported.
In 2021 the SEC chair person Gary Genseler beared witness in front of the bank communities the lack of SURVIVELENCES of regulatory bodies upon cryptocurrencies could harm the crypto indust
In the month of february James Seyffart the analyst of the Bloomberg told to the media that ETF has gained the amount of 4.5 billion dollars and also we expecting that ETF will gain 10 billion dollars or more this in this year, the move will shock everyone. Now at the end of this post the buzz has been created about the two candidates ETF approval the nominations are XRP and ETHER, Black Rock and Franklen Templeton has already affection with Ether ETF.
Regards aadilmir
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