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Bitcoin ETF + Positive Regulation - Only a matter of time

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It seems to me that it is merely on a matter of time before we see Bitcoin ETF's. This coupled with announcements from the likes of India and US in relation to positive regulation could see Bitcoin skyrocket.

If Bitcoin can hit $20,000 without any institutional money then just imagine if Bitcoin ETF's are approved and there is positive regulation around the world then what this could do to the price of Bitcoin?

What do people think?

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Crypto Really (Really) Wants a Bitcoin ETF

https://www.coindesk.com/crypto-really-really-wants-a-bitcoin-etf/

Both regulation and Bitcoin ETF is coming.

However I have invested in both Bitcoin and Ethereum using XBT Provider which is an ETF of sorts based in Sweden. The Bitcoin ETF shouts are coming more from the US as Sweden were far ahead on this one.

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Remember when the FCA consultation had 14,000 replies from the public and something mad like98% were against their proposals but they still went thru... 

yeh - “feedback” and comments such as those listed in the article is more a phycological thing to let people think they’re having an impact. 

Interesting article but let’s be honest... it’s as useful as a peaceful protest

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@PandaFace,

If a Bitcoin ETF is approved in the US then it would mean that investors would be able to invest in Bitcoin without having to deal with all the exchanges. 

There is an unconfirmed and I repeat unconfirmed report by the ICO Journal last week suggesting a Bitcoin ETC was likely to get approved. From memory the website reported two sources with one of them being at the SEC and the other being at the US Commodity Futures Trading Commission (CFTC). 

Apparently this decision is expected around 15th August 2018. If this happens and it is an if then I expect Bitcoin to clear $10k. 

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It seems the rally in Bitcoin at the moment is in anticipation of the US approving a Bitcoin ETF. 

The smart money gets in early and well before the US makes a decision either way. As the price of Bitcoin goes up until the decision is made the smart money will come out with a profit as if the decision is that an ETF is not approved then they will simply close their long positions and then short Bitcoin. They will make money on the way up and on any way down.

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@PandaFace, for something that was a bubble and was a fraud that was going to zero, Bitcoin, seems to be holding up rather well. Now it could still crash down to $5,000 levels.

This is Bitcoin which operates in the Cryptocurrency Universe which is as higher risk as they come from a trading perspective. 

A trading idea could be to go long Bitcoin and then short one of the other cryptos that is not going up as high (if they are all going up). The two that come to mind at Bitcoin Gold or Litecoin. Maybe even Ripple. Shorting Ether would be a risk at this stage and Bitcoin Cash may still have some legs. 

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@cryptotrader, I am not sure what point you are trying to make but most who follow trend following principles will buy as the price is rising or short as the price is declining.

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Thanks @Caseynotes. I am out of the country for a month hence limited responses and posts from me but I return back to the U.K. at the end of August and normal service will resume!

In my personal opinion a Bitcoin ETF will happen in the US. Have a look at XBT Provider which already provides Bitcoin and Ether trackers and is based in Sweden.

Edited by TrendFollower
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There is this big myth that there are no Bitcoin ETF's.

From what I understand US clients invest in Bitcoin ETF's via Sweeden's XBT Provider Bitcoin and Ether ETF's. They exist but just not listed in the US though I think that has changed or is about to change. I may be wrong so someone will need to check but I think foreign registered Bitcoin ETF's could be listing in the US.

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