how are you all Today we will talk about bit coin etf. What does bitcoin etf actually mean? Currently, the news that is responsible for pumping bit coin so much is bit coin etf. Basically many people or many companies have applied to get bitcoin etf approved but bitcoin etf has not been approved. But when a big company like blackrock makes an application with bitcoin etf approve, it cannot be excluded. Basically blackrock made an application to security and exchange commotion where basically they are trying to approve etf. You may not know about blackrock. BlackRock is a company that alone oversees nearly $10 trillion. This company has invested all over the world. Big companies like Google, Facebook, Amazon have their investments everywhere. But when such a big company applied for bitcoin etf, it started a lot of discussion. Then comes the news that blackrock will spend almost 1 trillion dollars behind it. And after this news came Bitcoin price pumped up so much that now its price hit 43k$

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Now let's talk about what exactly etf? See when we buy bitcoin we buy it from public market. But what if there were etfs you couldn't buy bitcoins directly. You will get an etf coin at the tick price of bitcoin in the market and blackrock company will buy bitcoin with your money and they will secure it and then you can sell it whenever you want. Now the question is why should I buy with my etf instead of buying bitcoin directly?

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See the company is blackrock. The one whose market cap is so high, he is the most powerful person in the world, not only will he be the best for the security of your coin, but if etf approves, you will get many benefits. Because as mentioned earlier blackrock has invested everywhere. So then it will be seen that you can transact everywhere through etf. Anywhere you can trade bitcoins. And as a result, it will be seen that the use of Bitcoin will increase all over the world and it will become the main company.

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Mainly for these benefits people will invest in etf also there will be many large transactions which will help you to transact easily. This is why everyone wants etf to be approved. Still etf is not approved and bitcoin price will hit around 50k$ then if etf is approved it is expected to hit 100k$. And it will be seen that the price of other coins will increase and thus the bullran market will start. So friends this was today's post. Seen in a new post. Thanks everyone.