[Latest in 2018] What is Bitcoin ETF? Approval, viability, postponement, future prospects, and reasons it’s attracting attention
2018 is said to be the year of real demand for cryptocurrencies, but for coin holders there is another major concern: the approval issue of a Bitcoin ETF. The Bitcoin ETF is drawing attention because it is expected to be a trigger for the cryptocurrency market.
Will the Bitcoin ETF be approved by the SEC (U.S. Securities and Exchange Commission)? What are the prospects going forward, and what would happen if it is approved? Here, we will explain carefully including past events.
<>1. What is a Bitcoin ETF2. With approval of the Bitcoin ETF, large numbers of institutional investors will participate, and prices will rise!?3. News about Bitcoin ETF and correlations with charts and price movements4. Bitcoin ETF: Summary of past to the latest news4-1. The history and news up to now5. Bitcoin ETF: Upcoming applications and plans6. Summary1. What is a Bitcoin ETFAn ETF stands for Exchange Traded Fund, a kind of index fund, and in Japan it aims to achieve performance linked to indices like the Nikkei Stock Average or the TOPIX, and is listed on financial markets such as the Tokyo Stock Exchange.In simple terms, it is a financial product that allows you to purchase the Nikkei average index as if buying shares, with various benefits such as the ability to buy the Nikkei average with a small investment.In Japan, it is also known that the Bank of Japan conducts massive ETC purchases (about 6 trillion yen per year) as part of Abenomics’ monetary easing policy, but normally it aims to achieve performance linked to indices like the Nikkei by combining multiple assets like an investment trust.By contrast,Bitcoin ETFis,a financial product that allows you to purchase Bitcoin as a listed investment trust on the securities marketand it operates only with Bitcoin, not including other altcoins.On July 26, 2018, the SEC (U.S. Securities and Exchange Commission) again rejected the Winklevoss twins’ (※) second application for a “Bitcoin ETC,” causing the price of BTC, which had been anticipated to be approved, to swing wildly.In fact, there are many big advantages to Bitcoin ETFs being listed on the securities market, and since 2018 the crypto market has been sluggish, raising expectations that it could serve as a catalyst for revival.（※）The Winklevoss twinsare famous for the movie “The Social Network.” They used about 7.5 billion yen of settlement money obtained from Facebook as seed capital for early investments in Bitcoin, achieving great success in the cryptocurrency world.Subsequently, they moved quickly to pursue Bitcoin ETFization, and by March 2017 their first application had already been rejected by the SEC, with this being the second rejection.※ For the continuation, click here
1. What is a Bitcoin ETF
2. With approval of the Bitcoin ETF, large numbers of institutional investors will participate, and prices will rise!?
3. News about Bitcoin ETF and correlations with charts and price movements
4. Bitcoin ETF: Summary of past to the latest news
4-1. The history and news up to now
5. Bitcoin ETF: Upcoming applications and plans
6. Summary
1. What is a Bitcoin ETF
An ETF stands for Exchange Traded Fund, a kind of index fund, and in Japan it aims to achieve performance linked to indices like the Nikkei Stock Average or the TOPIX, and is listed on financial markets such as the Tokyo Stock Exchange.
In simple terms, it is a financial product that allows you to purchase the Nikkei average index as if buying shares, with various benefits such as the ability to buy the Nikkei average with a small investment.
In Japan, it is also known that the Bank of Japan conducts massive ETC purchases (about 6 trillion yen per year) as part of Abenomics’ monetary easing policy, but normally it aims to achieve performance linked to indices like the Nikkei by combining multiple assets like an investment trust.
By contrast,Bitcoin ETFis,a financial product that allows you to purchase Bitcoin as a listed investment trust on the securities marketand it operates only with Bitcoin, not including other altcoins.
On July 26, 2018, the SEC (U.S. Securities and Exchange Commission) again rejected the Winklevoss twins’ (※) second application for a “Bitcoin ETC,” causing the price of BTC, which had been anticipated to be approved, to swing wildly.
In fact, there are many big advantages to Bitcoin ETFs being listed on the securities market, and since 2018 the crypto market has been sluggish, raising expectations that it could serve as a catalyst for revival.
（※）The Winklevoss twinsare famous for the movie “The Social Network.” They used about 7.5 billion yen of settlement money obtained from Facebook as seed capital for early investments in Bitcoin, achieving great success in the cryptocurrency world.
Subsequently, they moved quickly to pursue Bitcoin ETFization, and by March 2017 their first application had already been rejected by the SEC, with this being the second rejection.
