“I’m going to rupture your bubble,” this is how Andreas M. Antonopoulos, a significant Bitcoin fanatic, explained Bitcoin ETF. He felt that his explanation would make numerous crypto lovers thinking about the Bitcoin ETF take their go back as it is a “terrible concept”.
” I know a lot of individuals actually wish to see an ETF take place due to the fact that “to the moon and also lambos!” But I believe it is an awful concept. I still think it is mosting likely to happen, I simply assume it is a horrible suggestion. I’m in fact against ETFs. I assume a Bitcoin ETF is mosting likely to be harming to the community,” he stated.
Bitcoin ETF can adjust rates
Relating To Bitcoin ETF’s ability of attracting significant amount of direct exposure, its emergence has actually generated assumptions. It has also seen a surge in rates as well as trading quantities once it has actually been approved.
ETFs could open the Bitcoin market to a team of institutional financiers and also could additionally offer a platform for big financiers to manipulate the cost of Bitcoin (BTC). Antonopoulos in his YouTube video clip collection, ‘Bitcoin Q&A’, he stated: “Everyone is so fired up about ETFs. Exactly what we have actually seen in other markets is that when an ETF becomes available, the price really enhances dramatically, as unexpectedly that commodity becomes available to a whole lot a lot more financiers and also these investors pile on.
” Yet, the other side of it, is that there are constantly these claims that the products markets are heavily controlled and also opening up these ETFs only enhance the capability of institutional capitalists to adjust the prices of assets.”