S31: Bitcoin ETF & What it means to you

one of the reasons why I am particular about Bitcoin ETF is that I am a huge fan of self custody. ETF is a big boy stuff. big boys are coming into the game. they will probably give you a run for your money. Bitcoin ETF is a hot topic in recent times as we have seen many news and filing hitting the media and at some point, it rallies the price of bitcoin. Bitcoin ETF is an exchange traded fund, that allows you to gain exposure to bitcoin without actually owning the bitcoin. for you to understand bitcoin ETF, you need to have an idea about ETF itself. and TheMoneyflextribe will be helping us understand that today.

In the past, we have seen approved Blockchain ETF, that allows investor's fund to be put to use and invested in blockchain related companies.

Welcome to Series 31 of Breakfast with Blockchain, the vantage point for blockchain technology and cryptocurrency at large, it also span to the trend of technology that catches our interest. this event happens every saturday by 10am, where we come together to educate ourselves in the events of things within the space. we assist ourselves to draw informed investment decision, portfolio structures, jobs among others. always tune in, share the link to your family & friends and lets grow together.

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Questions

1. what is bitcoin ETF

2. There are also bonds, commercial paper and the likes. apart from the fact that they are all form of investment. are they related ?

3. is there any ETF in Nigeria?

4. Can customer's lose money in ETF. (BlackRock have filed more than 500+ ETFs only one has ever failed.)

Bitcoin ETF

1. spot Bitcoin ETF

2. future Bitcoin ETF

Reasons why ETF is rejected

1. Manipulation to the market. because they are opaque

2. Lack of survellance sharing agreement; it means the institution filing for ETF needs to sign an agreement that they will share the information of trades, customer's information and balance sheet.

What does it mean to you

1. access to bitcoin is going to be simpler

2. rally in bitcoin price.

   1. other investment houses will now have confidence to file for bitcoin ETF

   2. more money coming into the crypto market, inturn crypto currency gains more in price.

Conclusion

even though ETF filing is hot and trending, you still need to do your due diligence and position yourself to harness the profit of this trend. also using trends like this means you need to think mid to long term