What is a Bitcoin ETF & Why should you care?

in #dlive8 years ago (edited)

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Lots of BTC buzz in the air lately about another Bitcoin ETF attempt. What is a Bitcoin ETF and why should you care? Lets talk about it. I'll explain in simple terms to the best of my knowledge and share the opinions of others.

SEC is allowing the public to comment their thoughts on this situation before it decides if it will allow it or not. August 10th is the day we find out whether it gets approved or not.
For those who wish to share their opinions with (SEC), the Securities Exchange Commission, you can do so HERE
You can research what is being proposed HERE

You can learn about what others comments have been by entering - SR-CboeBZX-2018-040 into the search bar of the page in the top right corner.
Please watch this video to learn more.

I apologize because I wanted to show more of the opposing side coming from a crypto mindset instead of mostly just positive feedback. I planned on reading some of these reddit comments but forgot to go back to them, Please read them here There are several valid points made that should be considered.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BNTBancor2.045$-7.92%-34.95%
BTCBitcoin6212.890$-2.76%-7.09%
ETHEthereum435.447$-0.85%-8.72%
LTCLitecoin76.024$-2.17%-10.64%
STEEMSteem1.259$-4.98%-24.19%