๐ฒ Insider Data in my Socials ๐
๐ 20% Binance Low cost ๐
๐ โ21 Million Membershipโ Hoody ๐
๐ฅ TOP Crypto TIPS In My E-newsletter ๐
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๐บImportant Movies๐บ
Bitcoin At A Tipping Level ๐
Options To Robinhood ๐
What Influences Bitcoinโs Worth ๐
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– TIMESTAMPS –
0:00 Intro
2:17 What are ETFs?
5:09 Grayscale Bitcoin Belief
8:14 Canadian Bitcoin ETFs
9:31 US Bitcoin ETF Candidates
11:28 US Bitcoin ETF This Yr?
14:24 Bitcoin ETF & BTC Worth
16:41 Bitcoin ETF Issues
18:19 Outro
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โ๏ธ ๐ Helpful Hyperlinks ๐ โ๏ธ
โบ Greyscale Bitcoin Belief Data:
โบ GBTC vs. ETF:
โบ Canadian Bitcoin ETF Data:
โบ Why Kevin OโLeary Modified His Thoughts About Bitcoin:
โบ The Case Towards A Bitcoin ETF:
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๐จโ๐ซWhat are ETFs?๐จโ๐ซ
ETFโs have solely been round because the Nineteen Nineties and have been invented to mix the perfect options of two different fashionable funding automobiles: shares and index funds.
ETFs take the perfect of each worlds by creating an asset that trades like a inventory however has publicity to a number of property like an index fund.
Most ETF laws are set by the Securities and Alternate Fee or the SEC, which can be the authority ETF funds have to register with in the event that they need to checklist on an trade.
๐Greyscale Bitcoin Belief๐
Just like the Bitcoin ETF, the aim of the Grayscale Bitcoin Belief is to supply a approach for legacy buyers to get โprotectedโ publicity to Bitcoin.
GBTC features fairly actually like shares in an organization. ETFs even have shares, however these shares are created or destroyed primarily based on the availability and demand for the asset or basket of property it represents.
๐Canadian Bitcoin ETFs๐
Function Investments listed three Bitcoin ETFโs on the Toronto Inventory Alternate on February 18th. In simply over two months, they’ve amassed over 750 million US {dollars}โ value of Bitcoin.
Extra just lately, Evolve Investments and Galaxy Digital acquired approval for his or her Canadian Bitcoin ETFs, which at the moment are backed by an extra 250 million {dollars}โ value of Bitcoin.
๐คผUS Bitcoin ETF Candidates๐คผ
Simply this yr, not less than 4 corporations have filed for a Bitcoin ETF with the SEC.
The primary is VanEck Investments, which was the primary agency to take a swing at a Bitcoin ETF, and is attempting once more with the assistance of the Chicago Board Choices Alternate.
The second is Valkyrie, a Texas funding agency that has been attempting to get an ETF by way of the gates of the SEC for years.
The third is the New York Digital investments group, which has filed for a Bitcoin ETF with the help of Morgan Stanley.
The newest is WisdomTree investments, which is definitely a publicly traded firm. Greyscale is more likely to be the fifth firm to file for a Bitcoin ETF.
๐ US Bitcoin ETF This Yr?๐
There may be actually only one cause why the SEC has repeatedly rejected functions for a Bitcoin ETF, and thatโs as a result of Bitcoin was not a โmature assetโ.
This has modified considerably during the last yr with corporations like Paypal and Tesla getting into the area, in addition to many well-known non-public buyers placing their cash into Bitcoin.
Gary Gensler was additionally just lately confirmed as the brand new SEC chair. Provided that he makes a speciality of blockchain in digital foreign money, it’s attainable he’ll take a extra favorable stance to Bitcoin than his predecessors.
๐Bitcoin ETF & BTC Worth๐
A Bitcoin ETF would possible ship the worth of BTC by way of the roof. The one downside is that this might probably sign the highest of the bull market, the identical approach the launch of the CME Bitcoin Futures did in December 2017.
๐ต๏ธโโโBitcoin ETF Issues๐ต๏ธโโโ
Not everybody believes a Bitcoin ETF is a good suggestion. It’s because firms may begin to have an affect inside Bitcoin forks and will ultimately have custody of nearly all of BTC in circulation.
This goes in opposition to the aim of cryptocurrency which was to separate from the present monetary system. Self-custody can be required to attain true monetary freedom.
~~~~~
๐ Disclaimer ๐
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence.
#Bitcoin #BTC #ETF #crypto #SEC #grayscale #adoption
Source: Coin Bureau
27 Responses
When do you guys think we will see an ETF? Keen to hear your thoughts. Don't forget that there is content that you missing here that you can find on my other social channels ๐ https://guy.coinbureau.com/socials/
Etfs are just a way for the big boys to screw any 'investment' – crypto ones are the start of big time manipulation
Look at gold and silver they should be way higher but etfs have held them down. Basell 3 is about sorting this shit out
A very complicated explanation to say Wallstreet should not be allowed to create an ETF.
Would GBTC be tokenized?
Thanks Guy. very educational, I always thought ETF stood for 'Electronic Transfer of Funds' :0
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Kevin OโLeary is also an incredible liar and has owned BTC for years.
7:26 OMG prediction, Guy!!!
I am excited to follow you. Great content from you Guy!
How do we know the Biden admin isn't bringing Gary Gensler into the SEC in order to find ways to control and regulate BTC?
Hi guy, Are returns similar if I buy eth vs eth etf? If I check weekly or even daily increase value of eth is higher than the Canadian etfs. Would you know the reason?
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That feeling when the "not a financial advisor" bit doesn't rhyme ๐
Horizen on grayscal ๐๐๐๐
@6:30 Dirty fiat XD haha
Big thanks for the education @guy
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Good.point.Coinbase.IPO.does.nothing.to.BTC.
Stocks are good but crypto is better
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an bitcoin etf never have been approved is a wrong information. Brasil has approved it there.
Hold the line!
Crypto Nation
I'm total noob, but term Bitcoin ETF doesn't make sense to me. Investing in ETF is buying one thing that is many things, correct ? So proper ETF in crypto world should hold multiple coins not just one?
Bitcoin will crash. We are almost going to inflation phase. Economic crisis is coming ahead. The risk is too high. As per my analysis bitcoins will lose more than 80 % value