One Day Later Bitcoin Futures ETF

The first ETF was expected to hit the markets today however there seems to be a little bit of a delay. That delay pushed the ETF to be released tomorrow (Tuesday October 19th) instead of the expected release of the 18th today. The ETF named is called ProShares and for some reason the SEC finds Futures ETFs to be less risking over other ETFs. Telling you the SEC has become as corrupt then ever.

ProShares ETF

ProShares filled their ETF this summer so the approval process for ETFs currently is months behind. What we are seeing those is a wave of futures ETFs that most likely will get approved by the SEC giving them to greenlight to be traded. Its still unknown yet as to how much of a demand there would be for Futures such as this.

The SEC

The SEC has made it clear that funds linked to futures markets instead of underlying assets are more likely to win regulatory approval. That most likely means we will see an increase of these ETFs from companies in the short term now that one has been approval many will follow modeling the same approved system so expect those late this year.

The Future

Currently it's speculated that a wave of these new ETFs will start to flood the market and in turn a wave of new funds will flood into crypto. However it's important to note that these Futures contracts are simply ETF contracts saying that a bought asset today will be sold at a later date at a guaranteed price.

This can go one of two ways.

Either Bitcoin drops like a rock before those futures contracts are to be sold thus making it a good bet and possibly driving up the price of bitcoin or bitcoin skyrockets and the assets are undercut from what the current price is driving down the price a bit depending on the amount that was invested.

Another Case Of

Is this just another case of buy the hype sell the news? It seems like on the cusp of what everyone was so eager to finally do which was get an approved ETF is falling flat and maybe not so rainbow and sunshine as so many others thought.

My Thoughts

I believe we will hold steady for the next 24 hours as everyone waits to see what happens. It's going to highly depend on the funds that come in through the ETF but I have a feeling since bitcoins market cap is now 1.17 trillion dollars that these funds will have very little impact on the overall price. I feel like the large market cap has somewhat removed the high volatility of bitcoin. Such %60,000 to $30,000 seems crazy to happen again I don't think it will.

Do you feel the ETF release will do anything to the markets?

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