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/biz/ - Business & Finance

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57257988 No.57257988 [Reply] [Original]

The ETF is literally a non event. Proof me wrong.

>> No.57258003

Give me three minutes.

>> No.57258019

>>57257988
just quite literally look at the price

>> No.57258022

>>57257988
It's gonna crab

>> No.57258058

>>57257988
We'll find out today. Rumor is that Blackrock alone has $2 Billion they are ready to throw at BTC starting today.

>> No.57258101

It's just the beginning, actually. There's little news of this outside of crypto circles. Wait until 401ks and fund managers start plugging into this and whatever else BTC ETFs are founded and true institutionalization begins.

>> No.57258123

>>57258101
..but BITO and the Canadian ETF have existed for a long time, and barely have any interest...

my tinfoil hat theory: the only reason the ETF is approved is so that they can short the market and still collect on the shorts when Tether is taken down and the CEXes along with it

>> No.57258178

>>57257988
Its prove you dumb mongoloid ESL retard

>> No.57258281

>>57258178
It's the same thing you retard
"Proof" for me being wrong
Or "prove" as the verb.
Get a grip

>> No.57258332
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57258332

>>57257988
Proofing you wrong right now.

>> No.57258345
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57258345

I still have no fucking clue what an ETF is.

>> No.57258880

>>57258345
etf is for boomers what crypto is for us

>> No.57259150

>>57258345
Nothingburger. But me too... Wtf is ETF?

>> No.57259168

>>57258123
smart anon

>> No.57260069
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57260069

>proof me wrong

>> No.57260080

>>57258022
>It's gonna crab
Yup

>> No.57260081

>>57257988
>He didn't move his retirement fund into GBTC. He thinks he'll make it.

>> No.57260112

The institutional flow will not be instant. But it will happen.

>> No.57260453

>>57258880
>>57259150
Can't google. NGMI

>> No.57260982

the etf approval means btc gained legitimacy and a giant lobby in wall st.
it's practically impossible for it to fully die now, volatility will probably also be lower in the future.

>> No.57261009
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57261009

>>57260112

>> No.57261033
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57261033

Just face it - we'll never see a '21 like bullrun ever again. Will the price gradually go up over time though? Sure, but again, those euphoric 10-500x gains you saw back then are never coming back. It was simply a different time back then where normies had unlimited money to throw at gambling coins and VC's had unlimited money to infuse random "eth killers". Shit's different now. :(

>> No.57261064

>>57258101
I have a SMSF account. I've been buying crypto with my Aussie 401k for a couple of years now.

>> No.57261109

>>57261033
we aren't even past halving yet

>> No.57261240
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57261240

>>57257988
11 bitcoin ETFs just got approved. They're literally all the same thing apart from fee structure. The only ones that will survive are the ones that have the most assets under management. Each company is going to compete to gain as many investors as possible and that means more normie money being invested directly into bitcoin. The price of bitcoin will shoot past $100k before the end of this year and possibly $500k+ by 2030 when institutions and governments also start investing.

>> No.57261439

>>57261240
Buy IBIT. BlackRock always wins.

>> No.57261490

>>57261240
What is an IOU? None of this trickles down to the blockchain

>> No.57261604

>>57261439
Of course BlackRock and Fidelity will survive.
>>57261490
The ETFs are backed by actual bitcoin.