“I’m mosting likely to rupture your bubble,” this is just how Andreas M. Antonopoulos, a significant Bitcoin enthusiast, discussed Bitcoin ETF. He believed that his description would make a number of crypto enthusiasts curious about the Bitcoin ETF take their go back as it is a “horrible concept”.
” I recognize a great deal of people really want to see an ETF happen because “to the moon and lambos!” However I believe it is an awful suggestion. I still believe it is mosting likely to take place, I simply assume it is an awful concept. I’m really against ETFs. I assume a Bitcoin ETF is going to be damaging to the ecological community,” he stated.
Bitcoin ETF can adjust prices
Concerning Bitcoin ETF’s capability of attracting considerable amount of exposure, its introduction has actually given rise to assumptions. It has additionally seen a surge in prices and trading volumes once it has been accepted.
ETFs could open the Bitcoin market to a group of institutional investors and also can likewise give a platform for huge financiers to manipulate the price of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he said: “Everyone is so ecstatic about ETFs. Exactly what we have seen in various other markets is that when an ETF becomes available, the cost truly boosts considerably, as unexpectedly that asset appears to a great deal a lot more investors and also these capitalists overdo.
” But, the other side of it, is that there are constantly these claims that the commodities markets are heavily controlled and opening up these ETFs just boost the ability of institutional financiers to adjust the costs of assets.”