“I’m going to burst your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin fanatic, explained Bitcoin ETF. He was of the opinion that his explanation would certainly make numerous crypto lovers thinking about the Bitcoin ETF take their steps back as it is a “awful concept”.
” I know a great deal of people truly intend to see an ETF occur because “to the moon as well as lambos!” Yet I believe it is a horrible concept. I still believe it is going to take place, I simply assume it is a dreadful concept. I’m in fact versus ETFs. I believe a Bitcoin ETF is mosting likely to be harming to the community,” he claimed.
Bitcoin ETF can adjust prices
Referring To Bitcoin ETF’s capability of attracting considerable quantity of direct exposure, its development has actually generated assumptions. It has actually likewise seen a rise in costs and trading quantities once it has been approved.
ETFs could open up the Bitcoin market to a group of institutional capitalists as well as could additionally offer a platform for big financiers to adjust the cost of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he claimed: “Everyone is so ecstatic regarding ETFs. What we have actually seen in other markets is that when an ETF becomes available, the price actually boosts considerably, as instantly that asset appears to a whole lot much more capitalists and these investors pile on.
” But, the other side of it, is that there are constantly these claims that the products markets are heavily manipulated and opening up these ETFs only raise the ability of institutional capitalists to control the prices of products.”