People are not interested in btc futures due to margin requirements and fear of liquidations Bitcoin ETF will not have that so people will be very interested, imho You're so lucky you have not traded bitcoin futures short, you would have been rekt Just keep waiting, some day you'll trade the real bitcoin futures that trade 24/7
BTC futures trading is leveraged. So those who have limited $$$ will trade futures. Those who have $$$ will trade BTC. Don't worry. I know when to short it.
Raoul Pal's thoughts on the bitcoin futures etf: Issuing the BTC futures ETF is a good step but its basically handing hedge funds a massive arbitrage opportunity as the futures will trade at a large premium in bull phases and they get to capture those returns This is the old financial market trick - you now have to add multiple new intermediaries who all make profits - the ETF provider, clearing house, futures broker, administrator, auditor, law firm, CME and hedge fund arbs. Wall street gets richer. Retail investors lose. Again.
i doubt about it too , as it is BTC future ETF and BTC future does not have impact on BTC which makes it not popular for traders. but still can expect some buying from Financial accounts which are regulated to have to buy limited financial products and so far cannot buy BTC itself. but the question is how much money will flow into the new coming Future ETF ?
Tuesday. I bet you are giddy as a schoolboy. I don't blame you. This could be the kick you were looking for to get BTC to 100K by X-Mas. There's music for that of course. There always is. Good luck on your journey, johnarb and all you crypto folks!
Thank you, Overnight!! This is not the bitcoin ETF that we want but it's a start! The bitcoin spot ETF will be the real deal, which pushed Gold price 600% when it was introduced for gold The 100K by eoy is more of a seasonal thing. Oct-Dec are good for bitcoin and cryptos and this year will be quite special Imagine the fund manager who has to provide an explanation why he/she did not invest a portion of the portfolio in the best-performing asset as declared by Morgan Stanley at the beginning of the year The career risk narrative on bitcoin has shifted I was watching CNBC fast money this afternoon and they are having a contest of some type and every single one wanted to pick bitcoin as 1 of their 2 picks. How times have changed
I'm unfamiliar with the process but people who seem to be knowledgeable are posting on crypto twitter that this is usually a first step and bitcoin spot etf will be approved later