“I’m mosting likely to rupture your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin fanatic, discussed Bitcoin ETF. He believed that his description would make a number of crypto enthusiasts thinking about the Bitcoin ETF take their go back as it is a “dreadful idea”.
” I understand a lot of people actually intend to see an ETF happen due to the fact that “to the moon and lambos!” Yet I think it is a dreadful concept. I still believe it is mosting likely to happen, I just believe it is a dreadful concept. I’m in fact versus ETFs. I assume a Bitcoin ETF is going to be damaging to the ecosystem,” he claimed.
Bitcoin ETF could control prices
Relating To Bitcoin ETF’s capacity of bring in significant quantity of direct exposure, its introduction has actually triggered assumptions. It has actually additionally seen a surge in rates and trading volumes once it has been authorized.
ETFs could open up the Bitcoin market to a group of institutional investors and also could likewise provide a system for big capitalists to control the cost of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he stated: “Everyone is so excited about ETFs. Exactly what we have actually seen in various other markets is that when an ETF becomes available, the cost truly boosts drastically, as instantly that product appears to a great deal much more capitalists as well as these financiers pile on.
” But, the other side of it, is that there are constantly these claims that the products markets are heavily adjusted and opening up these ETFs just raise the ability of institutional investors to manipulate the costs of assets.”