What is #ETF ?

 ETF stands for “exchange-traded fund” and describes a kind of investment  fund where the price of assets like gold, stocks and oil can be  tracked. These assets can then be traded on exchanges, just like  conventional stocks. What this means is that investors have the option  of buying and selling their holdings in this exchange-traded funds to  other investors via the stock exchange.

What is Bitcoin ETF?

Basically,  a Bitcoin ETF is one where the underlying asset is Bitcoin. This means  that when you purchase Bitcoin ETF, you’re purchasing the  cryptocurrency, albeit indirectly. This is because you’re holding the  Bitcoin ETF in your portfolio and this ETF tracks the real-time price of  Bitcoin. Therefore, the difference is that when you invest in Bitcoin  ETF, you have the luxury of trading Bitcoins without the struggles of  buying and storing it.

what is Effect on BTC ?

the  application of ETFs by Wallstreet firms is a clear indicator that the  big money is coming into the crypto markets through the additional  products of ETFs. The impact of these products is expected to be  astronomical in the sense that if the SEC approves the ETFs, they would  have indirectly given the green-light for mainstream investing in all  other cryptocurrencies. Hence the trillions in funds will eventually end  up in the crypto markets.

When...? 10 August or Later ?

The  tentative date for the SEC’s decision is Friday, August 10 — though, a  45-day extension is possible. This means that a decision should be  expected no later than September 24. (Do Investment by considering it)

High Possibility ? Yes!

One  major reason for last year’s rejection was that Bitcoin markets were  “unregulated.” “Based on the record before it, the Commission believes  that the significant markets for bitcoin are unregulated,” it explained.  But later that year, Bitcoin Futures began trading as big investment  banks such as Goldman Sachs and JP Morgan started dipping their toes in  cryptocurrencies.