Mark walks through what an ETF is, how it differs from other types of funds and what the benefits might be for the crypto space. There are resource links below to make comments on the latest initiative, as well as read the specifics on the ETF’s that are up for review.

To make comments: https://www.sec.gov/rules/sro.shtml
– Click on Cboe BZX Exchange, Inc. (CboeBZX)
Scroll down to SR-CboeBZX-2018-040 “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust.”
– Click on “Submit Comments on SR-CboeBZX-2018-038”

Read about the NYSE Arca ProShares fund initiative- https://www.federalregister.gov/documents/2018/06/21/2018-13301/self-regulatory-organizations-nyse-arca-inc-notice-of-designation-of-a-longer-period-for-commission#footnote-8-p28894

Read about the Cboe GranitShares fund initiative – https://www.federalregister.gov/documents/2018/07/03/2018-14302/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for

Read about the Cboe SolidX fund initiative –https://www.federalregister.gov/documents/2018/07/02/2018-14114/self-r

Investopedia ETF definition: https://www.investopedia.com/terms/e/etf.asp
Investopedia Futures definition: https://www.investopedia.com/terms/m/managed-futures.asp
Investopedia Mutual Fund definition: https://www.investopedia.com/terms/m/mutualfund.asp
Investopedia Index definition:
https://www.investopedia.com/terms/i/indexfund.asp

Mark is an active crypto trader and enthusiast but is not a professional advisor. Please do your own research when making an investment decision and never invest more than you can lose.

Mark is an active crypto trader and enthusiast but is not a professional advisor. Please do your own research when making an investment decision and never invest more than you can lose.

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46 Comments »

  1. I agree that we need more professional comments. I personally think that it is unlikely to get approved in August due to immature market and lack of regulatory clarity but I am bullish on a handful of projects nevertheless

  2. The "well-written" one in my opinion isn't well written. The part where it says " this particular implementation is FRAUD with problems"… Should say fraught with problems. It's misspellings and denouncements are actually good because the SEC understands deep down, in my opinion, that "nefarious" is horseshit because bitcoin can be 100% traced for laundering, but cash cannot. It shows too much bias against. When biases are displayed with grammatical errors and unsubstantiated claims, (I hope) it works in favor against the author's argument. That being said, I'm working on one myself with perfect spelling, sentence structure, lack of bias either way, and facts supporting the implementation. It's tough but possible

  3. The SEC made a decision to prevent the proposed ETF then as it cited “concerns about the potential for fraudulent or manipulative acts and practices”. Past attempts rejected by SEC I can agree with. But, this time around, the product is designed to protect investors which is what SEC's main goal to protect investors from unregulated exchange, tax reporting, and safe storage. So, if SEC does not approve this time around, it would go against their claim of protecting investors.

  4. Thanks a lot . I tried my best but bit lost a bit , cant find my way to submit a comment. You guys are great if u can make a video on how to comment. That will be really good help . Keep up the good work
    Thanks

  5. I don't want it to be approved at this time. I strongly agree that it is premature atleast for me…The reason? I am a poor man, belonging to the lowest of the caste, and I am still repositioning myself in the crypto space…pouring almost all my salary every month in the crypto currency…I loved it very much that the cryptos are at the 0.0001 per share. I hate bitcoin, and I will never have one, not good for me bec. its too freaking expensive (for the poor ones atleast)….so I hoped a no vote by the ETF.

  6. Wanting it because somebody lost money is retarded. people should just buy it / mine it/ exchange it/ fuck these criminals getting in the way. And fuck the people just in it for USD

  7. If anything else Bitcoin ETFs are more likely to get approved this time around than in the past. Let's hope it happens because ETFs alone could pump Bitcoin to $40k or more. That means alt coins could also moon, you could even see $1 tron for example.

  8. 9:00 I'm torn because I don't care much for bitcoin needing legitimization from the old guard. Let the retail investors learn about bitcoin like the rest of us have. So what if institutional investors can't buy in. We've gone a decade without them just fine. Either way the value will increase. Question is at what rate.

  9. Unfortunately, I feel that your assumptions following the ETF are purely speculative. Although I share your sentiments and hope that this does open the door for the little guys, but if history has taught us anything that will not be the case in this situation. Regardless, I pray it all turns out well.

  10. This was a really good video, thank you. I linked it on my twitter page, because this information is really important right now. The community, instead of posting memes right now on twitter, needs to be stepping up. I'm about to comment myself on the SEC website, so thanks again for that information and the link.

  11. I told everyone I could not invest in BTC at its current price – not that I was a hater just that I was tired of loosing, I bought at 13k at a high price and it kept on dropping, it had me regretting until someone on Altcoin Buzz channel, Recommended us to reach out to a man named Robert Wells who has made a great impact in teaching young crypto investors an Almighty Strategy to trade their Bitcoins, Its just 5months since I reached out to Him, I can Proudly boast of increasing my Portfolio from 8Btc to 43Btc . Y'all can reach out to him through His TELEGRAM +1(631)620-6929*, *HANGOUTS and Skype/Mail * *(Robertwells005@gmail.com)

  12. if you are insuring peoples cash for losses that is fraud by definition because you are setting up a insurance company to take money off people who may never lose that money if they kept it in their possession, which is also then taking out money that could be invested into the Bitcoin market with-out them, it's adding a middle man to the transactions, i think this has been stated before why would you want someone else in control of your cash and add a middle man with extra costs, just because you are a institution, obviously the hype is about nothing, people are just going to pump this anyway because they need a reason to pump the price. but ETF's are a scam system introduced to bitcoin.

  13. Insurance companies are the biggest scam around, the biggest fraud is done by insurance companies, because insurance companies are not necessary and only really about 1% probably need them, it's a rip off, they basically pool most of the people's money together who will never have anything bad happen to them to insure the small percent that do, thats fraud in itself. you never get refunds of the money you gave to them, does not matter what kind of insurance bitcoin, cars, home, it's all the same scam.

  14. insurance companies are not only a scam, they are also leaving themselves open to being scammed themselves, thats everything wrong with the world everyone lives in, insurance is basically a big scam and fraud system, thats why you should be anti ETF's.

  15. ETF's are opening the door to bitcoin manipulation and fraud. under the guise of pretending they protect you from fraud, but it does not, it protects the corrupt elites with their fraud practices.

  16. basically EFT's are fraud for institutions, to scam millions out of other institutions, which will happen. but consolidate wealth by their own fraud. this is just added fraud this is why the original system does not work for the majority. because they use these regulation bodies to scam people, thats why you can't invest into the scam, because you don't have 25 bitcoin but they do, to invest into a use this as a scam for themselves, thats what they do. this won't really increase the price of bitcoin anymore than the price has already been. the only people pushing this agenda are the people in on the fraud paid by the agents and the agenda to consolidate and manipulate bitcoin for their own ends.

  17. Who is against a Bitcoin ETF and crypto in general? The Bank for International Settlements recently released their annual study/opinion which was not positive regarding crypto. Primarily due to volatility and ultimately due to the fact that the BIS and world banks have not quite figured out how to incorporate and, most importantly control, crypto in a similar if not the same fashion that fiat currency can be controlled and manipulated.
    It is likely just a matter of time before the crypto market stabilizes, to a degree, with a handful of standardized regulated trackable coins to help integrate crypto with traditional credit and finanicial investment platforms. There are many question marks surrounding crypto but goverment, world bank and corporate involvement can certainly help the process of stabilizing the crypto market…I think it is only a matter of time and there are certain projects that are building the type of infrastructure necessary to promote global integration and stability. I do not believe investments and other financial transactions in crypto will adversely affect tax dollars or the value of fiat currencies which are, and wil remain, required for the payment of tax.

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