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<blockquote data-quote="JayJuanGee" data-source="post: 458259" data-attributes="member: 5330">There could be some truth in what is said by the article that you had quoted, and my understanding is that there are a couple of ETF applications pending for Bitcoin and one application pending for ETH.&nbsp; At least one of the BTC ETFs could be approved as soon as within a month, but more likely, if approved would be by about the end of this year.&nbsp; And, the other BTC ETF could follow soon on the tracks of the earlier one.With the whole current clusterfuck of ETH, I have my doubts about whether any kind of ETF would be approved for that digital asset in the near future.. All of these are certainly interesting and uncertain markets because digital assets are probably quite a bit different from the asset classes of earlier approved ETFs, so it would be quite transformational merely to find out that one of the digital currency ETFs had been approved.&nbsp; I am getting the sense that the odds are greater that one of the digital assets ETFs will be approved within the coming 6 months rather than not, yet I have my questions about whether it would have any kind of meaningful directional impact on the current price - except the news of such.&nbsp; One of the problems and ambiguities of ETFs is that it has the potential to cause more fractional reserve type behaviors, which could potentially negatively offset some of the positive affects on digital asset prices.</blockquote>

[QUOTE="JayJuanGee, post: 458259, member: 5330"] There could be some truth in what is said by the article that you had quoted, and my understanding is that there are a couple of ETF applications pending for Bitcoin and one application pending for ETH. At least one of the BTC ETFs could be approved as soon as within a month, but more likely, if approved would be by about the end of this year. And, the other BTC ETF could follow soon on the tracks of the earlier one. With the whole current clusterfuck of ETH, I have my doubts about whether any kind of ETF would be approved for that digital asset in the near future.. All of these are certainly interesting and uncertain markets because digital assets are probably quite a bit different from the asset classes of earlier approved ETFs, so it would be quite transformational merely to find out that one of the digital currency ETFs had been approved. I am getting the sense that the odds are greater that one of the digital assets ETFs will be approved within the coming 6 months rather than not, yet I have my questions about whether it would have any kind of meaningful directional impact on the current price - except the news of such. One of the problems and ambiguities of ETFs is that it has the potential to cause more fractional reserve type behaviors, which could potentially negatively offset some of the positive affects on digital asset prices. [/QUOTE]

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