I honestly don't think a vast majority of people who are now invested in ETFs ever heard of a ETF before or understood what it meant. That's the power of a single asset class being approved that the vast majority of people want. Want more then even gold!
This year has been nothing short of ETF craze as not only were $BTC (BITCOIN) ETFs approved but so were Ethereum ETFs not all that long ago. But that's only here in the USA.
New ETF Additions
Other countries are starting to jump on the band wagon now as Australia is set to launch it's own ETF which is expected to have a rather large impact on the price in a positive manner.
It's a bit harder to figure out what might happen being that the Australia markets are half way across the world but based on it's smaller population and smaller but good GDP it won't have that large of an impact. The GDP comparison to the USA is 1/25th. However what this does show us is a much wider crypto adoption happening through ETFs but more importantly through spot ETFs which directly impact the price of the asset unlike futures contracts (etfs) which to me are pure garbage it's honestly like sports betting and gambling more than investing.
Now how this paints in a larger picture is we have seen since the USA adoption of Bitcoin and now Ethereum as ETFs other countries. The USA holds a vast majority of it while the EU comes in second, Canada 3rd, Brazil 4th and now Australia who has just launched their own in 5th. I didn't even catch with of how Hong Kong was doing with their ETF as it seemed to be off to a shaky start. But from what I could find it's a little over 150 million which is pretty wild as that's a drop in the bucket. It seems like most over on the other side of the world however are geared to owning it themselves in their own wallet.
However more so in the "western" world USA etc ETFs seem to be the go to as people like that so called "extra protection" or simply are too lazy or don't trust themselves with owning and controlling their own wallets.
The Next Steps
The next steps now are waiting to see if more countries adoption Ethereum ETFs and what possible token might come after that in terms of ETFs. Many are speculation Solana as the next which would make sense being that the market cap is rich and mainly BNB got kicked out of the USA which would have been the next option.
What would be really wild is if we saw a Dogecoin ETF then I would know all bets are off and the bull run is over lol.
There's other promising contenders though as well and we might see the smaller cap projects become ETFs as well around AI for example.
What's really wild to me is we really don't hear much about AI anymore. The buzz has seemed to fade off already and people are not using it as much. In fact I've also found myself using it less or being that excited about it. Mainly because the AI really isn't doing much besides getting a little better at video and image. However the text based got a huge slap from Google as of late which has caused many to simply stop using it which is exactly what I thought was going to happen.
What do you think the next crypto ETF will be?
Posted Using InLeo Alpha
For me the craziest thing about all of this is how much BTC these funds were able to suck up in such a short amount of time and all the plebs are still selling and suppressing the price at previous all time highs. A part of me thinks people really are that dumb and fickle and the other part assumes someone is printing fake paper Bitcoin. Maybe both.
It is pretty wild, I thought we had low liquidity so when ETFs were gobbling up a ton I figured we would see a massive explosion in price but nope!
I'd take a guess that they still don't understand what it means even now that they are invested in it. Take my money! That's all they say.
I saw an article the other day and they were talking about XRP ETFs. I guess not right away, but if the lawsuit finally gets out of the way. It will definitely be interesting!
!ALIVE
!PIMP
!KING
!hiqvote
You must be killin' it out here!
@libertycrypto27 just slapped you with 5.000 PIMP, @bitcoinflood.
You earned 5.000 PIMP for the strong hand.
They're getting a workout and slapped 2/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Well done King @bitcoinflood, libertycrypto27(1/6) is appreciative of the time and attention you put into writing this post. Your efforts are truly valued.
We are grateful for all the amazing content you create! As a token of appreciation, @libertycrypto27 has sent you 50.0 BUDS. Thank you for all that you do!
BTW! BUDS is the token of the hashkings ecosystem, you can use it to have discounts in all our games or stake it and earn rewards now!
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !WEED from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27!
@hiq.smartbot passed you the virtual joint!If you do not want to receive these comments, please reply with !STOP
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIMP from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !WEED from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIMP from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !WEED from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIMP from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !WEED from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIMP from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !WEED from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !LOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIMP from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
@libertycrypto27, the HiQ Smart Bot has recognized your request (3/2) but the daily limit has been reached. Try again later.
In addition, @bitcoinflood gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
Wow everyone is really joining 😳 It's fascinating to see the growth of ETFs, especially in the crypto space. I never thought we'd see such widespread adoption so quickly happen. I'm curious to see if Solana will be the next big one though... Thanks for this my good friend
Imagine the Hive ETF being the next
!1UP Good work!
!PGM !PIZZA
You have received a 1UP from @underlock!
@leo-curator, @pimp-curator, @vyb-curator, @pob-curator, @neoxag-curator, @pal-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
$PIZZA slices delivered:
@curation-cartel(7/20) tipped @bitcoinflood
@libertycrypto27, the HiQ Smart Bot has recognized your request (1/2) and will start the voting trail.
In addition, @bitcoinflood gets !LOOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻