Hello Friends.... Before talking about Bitcoin ETF we will understand what is ETF ?

ETF :

ETF means exchange traded fund. Funds which are traded on exchanges, before understand ETF we will see what fund is? Fund means total collected money from people. The company which manage the funds is called Asset Management Company and Asset Management company appoints fund manager for that fund. Fund manager invest money according to the objectives and goals of that collected fund. The profit from that investment distributed among the investors who invested in that. Asset Management Company charges some fees to manage that fund which is called expense ratio.

Now let us talk about exchange traded fund. Indices in cash market like Nifty Sensex Bank Nifty etc. Can't purchase them. Because Nifty, Sensex, Nifty Bank are not stock or funds. They are index which tell us solution in stock market or any specific sector.
Suppose there is 50 companies in nifty then Nifty will tell the performance of these 50 companies. These 50 companies in nifty are from different sectors and maintain a well track record. that's why Nifty gives us the clear picture of the market.

In the same way ETF is a fund which replicates the index means follow the index. Let us clear this by an example as we saw there is 50 companies included in nifty and each stock have a different weightage in nifty. like in November 2017 HDFC Bank had the weightage 9.27% in nifty Reliance Industries had 7.84% and ITC had 5.69% in a same way 47 companies had the different weightage. Some had less some had more. Then Nifty's ETF will purchase the shares of the company present in nifty in the same proportion means fund manager will invest 9.27% fund in HDFC Bank from Nifty EFT, 7.84% fund in Reliance Industries 5.69% fund in ITC and invests for rest of the 47 companies in the same proportion as they have weightage in nifty.

Here you will see Nifty ETF is completely following Nifty that means Nifty ETF performance will follow the Nifty's performance. So Nifty ETF will give the same return as Nifty. If Nifty goes up then Nifty ETF will also go up if Nifty goes down then Nifty ETF will also go down.this way you can earn by investing in ETF of Nifty, Sensex and other indices will get the same return like Nifty, Sensex and other indices. ETF traded on the stock exchanges in the same way as shares. And due to the supply and demand ETF will not give the exact same return as to which index it is replicating. They will be up or down from the index.

Now suppose Nifty gives 25% return in 2016 and Nifty ETF gives 24.90%. so, the difference among returns is called tracking error. Tracking error should be less for good profit.
There are two types of funds according to fund Management techniques:

1. actively managed funds
2. passively managed funds

In Inactively managed funds fund manager make a research and pick the stocks according to their research with the purpose of investors will get maximum Returns according to fund's objective.
On the other hand, in passively managed funds the fund manager purchases the stocks, to which index that fund is replicating, and the stocks in that index, in the same proportion. So, in passively managed funds fund manager has no need to pick the stocks on behalf of his research. And that's why passively managed funds expense ratio is far less than from actively managed funds. ETF is passively managed funds that's why ETF expense ratio is less than actively managed funds. Expense ratio means the Annual fees for that fund. To which they cover their operating expenses like:

1-Management fees
2-Marketing expenses
3-compliance
4-administrative expenses etc.

We see many ETF advertisement in our daily life recently you saw Bharat 22 ETF ads. So these advertisement expenses cover through expense ratio.
If we talk about Bharat 22 ETF, in starting S&P BSE Bharat 22 index launched in August 2017. In which 22 companies included from different sectors 19 Government and 3 private companies are included. The weightage of these 22 companies in Bharat 22 index like this:

L&T, AXIS BANK, ITC These private companies has 39% weightage in Bharat 22 index. And rest of 61% weightage is of 19 Government companies.

Now Bharat 22 ETF will replicate S&P, BSE Bharat 22 index. To build and manage Bharat 22 ETF the Government of India choose ICICI Prudential Asset Management Company. Mr. Kayzad Eghlim (the fund manager of ICICI Prudential Asset Management Company) is Managing Bharat 22 ETF. ETF is a tax efficient product.
When you hold the index ETF or sector specific ETF for less than 1 year then you have to pay 15% short term capital gain tax on your profit. and if you hold the index ETF or Sector specific ETF for more than 1 year then you don't need to pay any tax. Demat account is compulsory to invest in ETF. Hope this information proved very informative to you.

What is a bitcoin ETF?

A bitcoin ETF would track the bitcoin benchmark index and replicate its daily performance, allowing people with a brokerage account to invest in the cryptocurrency without having to worry about the challenges of buying, storing, and safekeeping it. in order to be launched as a financial instrument, the bitcoin ETF needs to be approved by the U.S. Securities and Exchange Commission (SEC) first.

Considering that the Winklevoss Twins’ bitcoin ETF product has been waiting for approval since 2013 and SEC keeps casting off bitcoin ETF proposals one by one, there is no definitive go-ahead currently in sight.
On June 26th, 2018, the Cboe submitted a Bitcoin ETF proposal to the U.S. Securities and Exchange Commission. In order to better understand the public sentiment, the SEC publicly shared the submitted document with an invitation to comment.

Bitcoin ETF Request for Comment was 97% Positive

The SEC’s request for comments was met with much interest; as 210 displayed comments on the SEC website was written between June 27th and July 11th.

The U.S. Securities and Exchange Commission (SEC) is once again seeking comments on a potential bitcoin-based exchange-traded fund (ETF).

The securities regulator called for comments on a proposal by the Cboe to list and trade the SolidX Bitcoin Shares, an ETF that was in turn proposed by the VanEck SolidX Bitcoin Trust, according to documents published Tuesday.
The trust will invest in bitcoin only, the document notes - as its net assets will "consist of bitcoin held by the Trust utilizing a secure process."

Bitcoin to the Moon after ETF :

the reason behind it, this will open the opportunity for stock trader to invest in Bitcoin EFT very easily. directly means increase in Bitcoin Dominance. Not assumption but the reality.

“We’re one positive regulatory decision away — maybe an ETF approved by the SEC — to climb through $20,000 and even to $50,000 by the end of the year,” the Bitmex CEO states.