Quote (excellence @ Oct 19 2021 12:42am)
first btc etf (futures) being listed tomorrow. might see some short-term hesitation but hopefully this garners more demand with increased etf approvals in crypto
i dont see how it is a good news tbh
etf is totally useless, if you want btc buy some btc and that is all..
imagine you're a whale or some hedge funds, you sell your btc and short it on the other side because you are allowed to so why not
result will be less decentralisation, total contrary with btc first idea
that etf shit is already smelling the classic sell the news and the narrative in mainstream medias is already set " btc next ath" blablabla
to me that etf is a clear attempt of the classic finance to burry btc by doing what always been done with etf's in history