“I’m going to break your bubble,” this is just how Andreas M. Antonopoulos, a major Bitcoin enthusiast, described Bitcoin ETF. He felt that his explanation would make numerous crypto enthusiasts interested in the Bitcoin ETF take their go back as it is a “terrible concept”.
” I recognize a great deal of individuals really want to see an ETF occur because “to the moon as well as lambos!” But I think it is a horrible suggestion. I still assume it is going to happen, I simply believe it is a terrible suggestion. I’m really against ETFs. I believe a Bitcoin ETF is going to be damaging to the environment,” he said.
Bitcoin ETF could adjust rates
Concerning Bitcoin ETF’s ability of bring in significant amount of direct exposure, its appearance has actually generated expectations. It has also seen a surge in prices and trading volumes once it has been accepted.
ETFs could open the Bitcoin market to a team of institutional investors as well as can likewise give a system for big financiers to adjust the cost of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he said: “Everyone is so ecstatic about ETFs. Just what we have seen in other markets is that when an ETF becomes available, the cost really increases considerably, as suddenly that product appears to a lot extra investors and also these capitalists overdo.
” But, the other side of it, is that there are constantly these claims that the assets markets are heavily manipulated as well as opening up these ETFs only boost the ability of institutional capitalists to adjust the rates of products.”