Bitcoin ETF proposal is creating a buzz around the community as a new trending news is waving across the globe. The world’s first Bitcoin ETF exchange is expected to be approved by next year but according to some experts, this approval can also lead to an increase in more market price volatility.
Over the past few months, expertsare separatedon theresultof the ruling of the SECconcerningBitcoin ETF proposals and its thereafter effects onto the crypto market. The Chief executive officer at BKCM ‘Brian Kelly’ explained that the increase within the value of Bitcoin from the lower finish to the hike of around more than $8,000 USD in early August may well be attributed to the increasing buzz around Bitcoin ETF’s. Mentioning further he said:
“Last week, the considerable drop in the prices of the Bitcoin was led due to the ETF proposal buzz fading away.”
Bitcoin Trading Graph For Today
Another expert from the crypto field ‘Andreas Antonopoulos’ shared his stand opposing the introduction of bitcoin ETF proposal mentioning:
“Everybody seem to be excited about ETF’s. What we have seen related to other markets is that when an ETF becomes available, the prices really increases dramatically, as suddenly that asset becomes available to a lot more investors. But, on the other side of it, there are always these claims made that the commodities markets are heavily manipulated and opening up these ETFs only increase the ability of institutional investors to manipulate the prices of commodities.”
In thecoming future, asa lot ofin-publictradable investment would be introduced by regulated institutionsand therefore theliquidity of Bitcoin is expected to drastically improve.It will thenbecomemoreover like impossible to controlthe manipulation in the crypto market prices.
However,during a timeof instability, high volatility, andquickgrowth, thesein-publictradable investment vehiclesmaygiveenough leverage togiantinvestors that might be capable of reversing the market trends.