4,361
 

Btc 100k++ coming



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT


most viewed right now
  115
12 replies  @wild'ish


section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section guap
  
 1 month ago '07        #1
6731 page views
232 comments


iTzMe!  topics gone triple plat - Number 1 spot x1
avatar
Props total: 4707 4 K  Slaps total: 605 605
Btc 100k++ coming
 

 
First bitcoin futures ETF to make its debut on the NYSE Tuesday, ProShares says
PUBLISHED MON, OCT 18 20218:52 AM EDTUPDATED 2 MIN AGO
Tanaya Macheel
@tanaYAMAC
The ProShares bitcoin-linked exchange-traded fund will make its debut officially on Tuesday.

A futures-based ETF won’t allow investors to buy bitcoin directly but is still a significant regulatory feat for the crypto industry.
Three other bitcoin futures ETFs are expecting to move forward with their launches this month.

Chinnapong | iStock Editorial | Getty Images
This is a developing story. Check back for updates.

The first bitcoin-linked exchange-traded fund will make its debut officially on Tuesday.


The much-anticipated ETF from ProShares, which will track the bitcoin futures market, will begin trading on the NYSE Tuesday under the ticker ‘BITO,’ the company confirmed.

“We believe a multitude of investors have been eagerly awaiting the launch of a bitcoin-linked ETF after years of efforts to launch one,” ProShares CEO Michael L. Sapir said in a statement Monday. “BITO will open up exposure to bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider... or are concerned that these providers may be unregulated and subject to security risks.”

The price of bitcoin was around $60,000 Monday morning after rallying as high as $62,000 over the weekend, according to Coin Metrics, in anticipation of the ETF.

Bitcoin futures ETFs will also be a big regulatory feat for the still young crypto industry, which has long struggled to cement crypto’s place in the highly regulated financial world. Four are hoping to move forward with theirs this month. Invesco’s could come as soon as this week.

“This will be probably the biggest endorsement from the SEC for crypto,” said Ian Balina, CEO of the data and analytics firm Token Metrics, who also noted that regulators globally have been at odds with the crypto industry for years and “impeded the acceptance of crypto” by retail investors. “This will be a floodgate of new capital and new people into the space.”


Since 2017 at least 10 a*set managers have sought approval to launch spot bitcoin ETFs, which would give investors a vehicle through which to buy bitcoin itself, rather than derivatives tied to it. They were all rejected by the Securities and Exchange Commission, then headed by Jay Clayton, which maintained none of them were able to show the market is resistant to market manipulation. In an August speech, SEC chair Gary Gensler said he would favor investment vehicles that include futures, and a rush of bitcoin futures ETF applications followed.

Investing in a futures-based ETF would not be the same thing as investing directly in bitcoin. A futures contract is an agreement to buy or sell an a*set at a future date at an agreed-upon price. A futures-based ETF tracks cash-settled futures contracts, not the price of the a*set itself.

“The all-in cost of a futures-based ETF could be in the 5% to 10% range once you take into account the annualized roll yield,” said Matt Hougan, chief investment officer at Bitwise a*set Management, which has its own application for a bitcoin futures ETF in line at the SEC.

Annualized roll yield is the return a futures investor captures on top of the change in the price of the underlying a*set.

“Futures-based ETFs are also more confusing,” Hougan added. “They have challenges like position limit and official dilution, and they can’t get 100% exposure to the futures market.”

There are four bitcoin futures ETFs lined up for review in October, from ProShares, Valkyrie, Invesco and Van Eck. They’ll be allowed to move forward and list 75 days after their paperwork was filed if the SEC doesn’t intervene within that period.

Many hope the allowance of these ETFs will pave the way for a spot bitcoin ETF in the not too distant future. Beyond Gensler’s preference for one based on futures, the market has also become much more developed in the short period since the first wave of ETF applications. The SEC has challenged the crypto industry over the years to prove there’s a large regulated market trading alongside the spot bitcoin market. According to Bitwise research submitted to the SEC last week, it can.

“The bitcoin market has matured to the point where the CME bitcoin futures market is actually the leading source of price discovery in the entire bitcoin world,” Hougan said. “Prices move on the CME market before they move on Coinbase, Kraken, FTX… and as a result it satisfies the SEC hurdle for the potential approval of a spot-based ETF.”

He added that data also suggests there’s more capital committed to the CME bitcoin futures market.

“The crypto market was first led by retail exchanges like Coinbase and then dominated by things like BitMEX and Binance, and no one has updated the record or done the homework, and the homework shows the market has changed,” Hougan said.

First bitcoin futures ETF to make its debut on the NYSE Tuesday, ProShares says
+7   



best
worst
232 comments
 

 1 month ago '05        #2
R4P  topics gone triple plat - Number 1 spot x1
Props total: 6347 6 K  Slaps total: 666 666


BX and justin told me it was all going to 0 three months ago!!!! Wtf!
+30   

 1 month ago '13        #3
vandalizm 
Props total: 15029 15 K  Slaps total: 1890 1 K
Real sh*t

I’m thinking of next bull run to sell ALLLLLLLL my sh*t, then wait for the drop but back in.

But I’m wondering if the price gonna drop back down to something that will be worth it like this last bear market.

Up to 100k

Sell all

Buy back in a 40

Or something like that
+21   

 1 month ago '17        #4
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 R4P said


BX and justin told me it was all going to 0 three months ago!!!! Wtf!
Never once did I say it was gonna go to $0.

But you're fu*king delusional if you think it's gonna magically go to $100K and all you desperate MFers are gonna get rich at the same time




Yall are so desperate you think these ETFs are actually a good thing.





Good luck

-8   

 1 month ago '18        #5
PooPoopops  topics gone triple plat - Number 1 spot x3
Props total: 16610 16 K  Slaps total: 13242 13 K
I dumped my BTC Friday
+2   

 1 month ago '11        #6
awww  topics gone triple plat - Number 1 spot x6
Props total: 55955 55 K  Slaps total: 40796 40 K
bitcoin is up though if I had the money to lose I would buy just 1 lol I would have to be a millionaire fu*k that
+5   

 1 month ago '21        #7
nocomment  topics gone triple plat - Number 1 spot x1
Props total: 9839 9 K  Slaps total: 1522 1 K
 R4P said


BX and justin told me it was all going to 0 three months ago!!!! Wtf!
I know I took Justins advice a sold all my crypto, cause, what was it, a Ponzi scheme
+6   

 1 month ago '17        #8
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 nocomment said
I know I took Justins advice a sold all my crypto, cause, what was it, a Ponzi scheme
You need to take my advice and stop using a fu*king debit card for everything like you're a child.

I can't take any of your financial advice seriously after you said that dumb sh*t.
-6   

 1 month ago '17        #9
S550  topics gone triple plat - Number 1 spot x1
Props total: 8580 8 K  Slaps total: 3537 3 K
 justin747 said
You need to take my advice and stop using a fu*king debit card for everything like you're a child.

I can't take any of your financial advice seriously after you said that dumb sh*t.
Adding my self randomly in this topic

What’s your take on other sourced to finding ?

CC or you’re saying use crypto ?
+1   

 1 month ago '11        #10
awww  topics gone triple plat - Number 1 spot x6
Props total: 55955 55 K  Slaps total: 40796 40 K
 justin747 said
You need to take my advice and stop using a fu*king debit card for everything like you're a child.

I can't take any of your financial advice seriously after you said that dumb sh*t.
So your advice is to use a credit card because let me guess you heard that from a YouTube video, one thing you must understand is that most people out there are broke and they take their credit score very serious because thats their only way to get things. Homes, Cars, Furniture etc and alot of people are very irresponsible especially with credit cards so actually thats a dumb idea..

I understand the point you think a person would lose more using real money from using their debit card but also understand broke people value their credit. That person would lose more trying to rebuild that credit than losing money they can replace just by going to work.


Last edited by awww; 10-18-2021 at 08:25 PM..
+9   

 1 month ago '17        #11
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 S550 said
Adding my self randomly in this topic

What’s your take on other sourced to finding ?
What does that mean?

CC or you’re saying use crypto ?
He needs to use a CC.

I recommend using Credit Cards for pretty much any major purchases just for the buyer protections. If there is any fraud, your money is safe with a CC

That security is where Crypto fails the most and that's by design. Decentralized
+3   

 1 month ago '19        #12
Number5  topics gone triple plat - Number 1 spot x2
Props total: 13865 13 K  Slaps total: 6978 6 K
I'd be shocked if it didn't hit 100k before January.
+11   

 1 month ago '15        #13
Belief 
Props total: 6463 6 K  Slaps total: 842 842
A lil bird told me ETH going to 6k soon
+20   

 1 month ago '11        #14
awww  topics gone triple plat - Number 1 spot x6
Props total: 55955 55 K  Slaps total: 40796 40 K
 justin747 said
What does that mean?



He needs to use a CC.

I recommend using Credit Cards for pretty much any major purchases just for the buyer protections. If there is any fraud, your money is safe with a CC

That security is where Crypto fails the most and that's by design. Decentralized
You're even more wrong man Credit Cards don't approve every charge back you send their way and debit cards have the same protection as a credit card you can charge back a debit card transaction the same way you can a credit card.
+4   

 1 month ago '21        #15
nocomment  topics gone triple plat - Number 1 spot x1
Props total: 9839 9 K  Slaps total: 1522 1 K
 S550 said
Adding my self randomly in this topic

What’s your take on other sourced to finding ?

CC or you’re saying use crypto ?
you're talking to a troll
+2   

 1 month ago '17        #16
S550  topics gone triple plat - Number 1 spot x1
Props total: 8580 8 K  Slaps total: 3537 3 K
 justin747 said
What does that mean?



He needs to use a CC.

I recommend using Credit Cards for pretty much any major purchases just for the buyer protections. If there is any fraud, your money is safe with a CC

That security is where Crypto fails the most and that's by design. Decentralized
My bad I meant other sources for funding

My debit card been frauded prob 5-6x in the last 3 years but I have gotten every dollar back

Chase is surprisingly good with that

I got an Apple CC tho tbat they got me for 567$ and it’s still in claims for 2 months

I mainly use my cc for rewards tho just pay back entire balance every month so the interest if any don’t offset rewards


Last edited by S550; 10-18-2021 at 08:34 PM..
+1   

 1 month ago '17        #17
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 awww said
So your advice is to use a credit card because let me guess you heard that from a YouTube video, one thing you must understand is that most people out their are broke they take their credit score very serious because thats their only way to get things. Homes, Cars, Furniture etc and alot of people are very irresponsible especially with credit cards so actually thats a dumb idea..
YOUTUBE?



I was using credit cards before YouTube existed

I recommend using credit cards because I've been using them my entire adult life and I've NEVER had to worry about being scammed. If a person can't manage the CCs then that's on them not being a responsible adult.

Those people shouldn't be investing in Crypto or anything else either though. No point of investing if you have debt. You address the debt first.

I understand the point you think a person would lose more using real money from using their debit card but also understand broke people value their credit. That person would lose more trying to rebuild that credit than losing money they can replace just by going to work.
For me it's all about safety. If you get scammed using a Debit Card, that money is as good as gone. Your money is almost always safe with a CC.

That's one of the biggest knocks I have against Crypto. A "write only" database AKA Blockchain is one of the stupidest things I've ever heard involving money. That means all transactions are final, even if it was a scam or a mistake.
+1   

 1 month ago '17        #18
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 nocomment said
you're talking to a troll
Shut yo dumb a*s up. CEO of the Debit Card Gang.

You legit lost all credibility with that dumb bullsh*t. Grow up.

-2   

 1 month ago '21        #19
nocomment  topics gone triple plat - Number 1 spot x1
Props total: 9839 9 K  Slaps total: 1522 1 K


trolls going back and forth with trolls
+9   

 1 month ago '17        #20
justin747  topics gone triple plat - Number 1 spot x5
Props total: 179566 179 K  Slaps total: 26352 26 K
sportsbook top 10
 awww said
You're even more wrong man Credit Cards don't approve every charge back you send their way and debit cards have the same protection as a credit card you can charge back a debit card transaction the same way you can a credit card.
That's not always true.

Debit Cards have similar protection if you use it as a Credit Card, but if you enter a PIN code then it's a different story. If a fraudulent transaction posts as debit on your account, it's a different f*ght to get that money back. If you have history with your bank then you're good, but it's still not the same as certain CCs.

Look into concierge services with Visa Infinite and Mastercard World Elite
-1   

 1 month ago '14        #21
brotheramir 
Props total: 2818 2 K  Slaps total: 346 346
I rather invest in other alt coins like (Solana, ADA, ETH, LTC) that cost less and have greater potential than 1-2x flip but that’s just me…

+7   

 1 month ago '04        #22
nwking  topics gone triple plat - Number 1 spot x3
Props total: 24169 24 K  Slaps total: 2739 2 K
All this means we all about to get taxed on our crypto more than I thought we were going to.
+2   

 1 month ago '04        #23
focused313 
Props total: 9185 9 K  Slaps total: 916 916
 justin747 said
What does that mean?



He needs to use a CC.

I recommend using Credit Cards for pretty much any major purchases just for the buyer protections. If there is any fraud, your money is safe with a CC

That security is where Crypto fails the most and that's by design. Decentralized
I don't disagree with you at all, but there are some people who only transfer money into their checking account with a debit card when they are about to purchase something.

I rather people use debit than credit if they have not learned to manage credit properly yet.

 1 month ago '18        #24
PooPoopops  topics gone triple plat - Number 1 spot x3
Props total: 16610 16 K  Slaps total: 13242 13 K
sh*t is messed up how justin is in here, as a grown a*s man, trolling crypto threads 24/7 when there are young people on this site trying to come up in the world. He putting all this phony skepticism and fear in their heads and could prevent many from making some legal paper.
+11   

 1 month ago '19        #25
bigpharma  topics gone triple plat - Number 1 spot x5
Props total: 2351 2 K  Slaps total: 399 399
whats the name of the btc etf ? how i invest ?



Sign me up
 
 

yesterday...


most viewed right now
+136online now  32
Bun B Said Fabolous Stays In The Trenches
197 comments
19 hours ago
@hiphop
most viewed right now
+104online now  16
I've seen Scarface over 10,000+ times and I just now realized what Tony said!
87 comments
22 hours ago
@movies
most viewed right now
+73online now  15
Checking in on the Brady made Belichick narrative
91 comments
19 hours ago
@sports
most viewed right now
online now  14
Video inside Viral rappers 'Island boys' push cryptocurrency raising concern about r..
32 comments
20 hours ago
@misc
back to top
register register Follow BX @ Twitter search BX privacyprivacy