Once ETF gets approved Bitcoin will go up really high
Every ETf that is purchased there is a bitcoin bought on the other side by the institution.
Now think about it if every one that wants to participate in bitcoins but does not want to take a responsibility of keeping it safe from hackers buys in to ETF that is insured by the exchanges the price will go up like 10 times higher then what it is now.
only problem, volume is already too thin enough currently. An ETF would have to absorb so many bitcoins from the market that almost all the liquidity would dry up
Once ETF gets approved Bitcoin will go up really high
Every ETf that is purchased there is a bitcoin bought on the other side by the institution.
Now think about it if every one that wants to participate in bitcoins but does not want to take a responsibility of keeping it safe from hackers buys in to ETF that is insured by the exchanges the price will go up like 10 times higher then what it is now.
only problem, volume is already too thin enough currently. An ETF would have to absorb so many bitcoins from the market that almost all the liquidity would dry up