From time to time we see news of Bitcoin and Ethereum ETFs nearing approval. But few people seem to realize the significance of this.
You see, ETF is a financial instrument that allows REALLY EFFIN BIG investors to expose themselves to cryptocurrencies in a familiar and diversified form.
Rather than investing directly in, say BTC, they will invest in ETFs that precisely track the price of BTC. This enables them to skip security procedures and to deal on their integrated trading platforms.
An ETF will increase volume by an order of magnitude within a year. What it will do to prices short term is left to be seen, but do know that ETFs is the vehicle that will eventually drive Bitcoin to the coveted 1 million USD target and beyond.
The alts will follow, and your dreams will come through.
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