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What is an ETF? What does SEC's Approval of ETFs means for BITCOIN and CRYPTOCURRENCY?

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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. Visit our website: https://altcoinbuzz.io ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: Cold Storage Coins: https://bit.ly/2ISGynt BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Text Comments (122)
Josh Kofi Stone (6 months ago)
We have miners, exchangers and users of bitcoin. How does the ETF help and improve everyone positively?
Matthew Tuiloma (6 months ago)
Currently, as far as I am aware there is very little to no government regulations regarding cryptocurrencies. A Bitcoin ETF approval would cause the government to regulate the space. Edited: Left out a word in a sentence - "little"
Crypto Glenn (7 months ago)
3 if the SEC states that the coins have to be held in order to create the ETF that is going to drive the price of BTC up
Array Array (8 months ago)
I am new in cryptocurrency trading and I see people saying about Sir Robert Wells' strategy in trading bitcoin that gave them so much knowledge about crypto trading. I am trying to search for Robert Wells in google or here in youtube, however I cannot see anything or any articles about him guiding young and new traders. If you have a link or anything of it kindly help me find it. Much appreciated thanks in advance :)
Joakim Holmer (9 months ago)
DisarMy (9 months ago)
LOL Lupe HAD to write that comment
Alexander K (9 months ago)
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.
Just left my comment in support of ETF and the Bitcoin eco system
Mauricio G (9 months ago)
6:26 LMAO " Lupe need food for horse"
Nadia Silver (9 months ago)
I left my comment. purplemooninteriors.weebly.com is in full support! I even let my clients pay in crypto on my site.
Craig C (9 months ago)
appreciate the video. keep it up Buzz
Vorchilla (9 months ago)
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.
Vorchilla (9 months ago)
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.
Vorchilla (9 months ago)
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.
Vorchilla (9 months ago)
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.
Vorchilla (9 months ago)
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.
Vorchilla (9 months ago)
ETF sounds like fraud enabling fraud, nobody wants all that fraud in the market. regulation is fraud itself, just legalized fraud.
Qhute Teo III (9 months ago)
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 * *([email protected])*
Array Array (8 months ago)
Sir, are there articles or files where I can find Wells Strategy on trading bitcoins? Or should I message him personally on his personal email? Please answer I am new in crypto currency trading.
Victor E. Thompson (9 months ago)
I have personally told 3people about Him and they have all come back to give testimonies about the number of profits they made from His strategy.
paulo jamayca (9 months ago)
Robert may your days be long, i wonder how he learnt this method of making cool money.
Godspower moses (9 months ago)
Robert is already Bullying other cryptocurrencies with his bitcoin trading strategy
Justin Case (9 months ago)
BlockBuster and Sears? Really why not use Pan Am, Tower Records, and Associated Buggy Whips?
Mark Vidano (9 months ago)
OMG Justin...I was trying to think of some others...damn...those would have been great! lol. Thanks for the laugh.
CryptoNaire CryptoNeur (9 months ago)
Can we all click on the sec link and make postive comments on why we need the btc ETF
TheCornbeefsoup (9 months ago)
"Suvive da bogs takeover" "Also lupe need food for horse." 😔
Mark Vidano (9 months ago)
I know...sigh...
Crystal T. (9 months ago)
I'm on the SEC website, can you please tell me how to find the comments which have already been listed?
Crystal T. (9 months ago)
Mark Vidano perfect, thank you.
Mark Vidano (9 months ago)
Sorry. I thought the direct link wasn't working so I didn't post it in the comments. Try this: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm
Crystal T. (9 months ago)
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.
Mark Vidano (9 months ago)
Awesome! Thank you Crystal!! Way to be active!
Austin Carter (9 months ago)
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.
Mark Vidano (9 months ago)
Thank you Austin! Trying to stay positive and hopeful!
Austin Carter (9 months ago)
Mark Vidano Your faith strengthens my faith. Great content as usual. Continue the diligent work.
Mark Vidano (9 months ago)
Austin...yes they are speculative. I'm not a politician, however our system has been built on precidence. That's why I feel that this will open the door to other ETFs that all of us can get into and that will have other crypto's as part of the portfolio. But to your point...who knows, until it happens
brady nields (9 months ago)
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.
brady nields (9 months ago)
I could be seeing this 'ask for permission first and make sure its all safe' approach as just a sign of uncertainty and lack of crypto conviction. Wasn't everything "regulated" before the financial crisis? I just wish everyone was in the market because they believed in what bitcoin and digital assets can be. For me it is the best for of money available. Not because it's internet friendly, fast, or decentralized. It's better than fiat because it's debt-free. It's created out of thin air and everyone involved adds value to it. This value is the productive capacity of the people transacting in it. I hope this conversation of what is money stays on the table globally. Up until now there was no reason to call our money by its proper name. Would it be possible to use a specific kind of money not because you had to but because you wanted to?
Mark Vidano (9 months ago)
I think a lot of us are starting to soften on institutional money now because we need the liquidity to dilute the influence of the whales. I'm one of them. So while I disagree, I see you're point. It's kind of like. I had to go through the "pain"...why can't you. Amnisty versus process. lol
03chrisv (9 months ago)
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.
03chrisv (9 months ago)
canes Everything is a "shitcoin" at this stage, it's all speculative investment. It doesn't matter what you think of TRX (though it has a solid team with good goals) it'll be pumping just like all the coins and will be making a lot of people a ton of money.
canes (9 months ago)
trx is a shitcoin
Mark Vidano (9 months ago)
They would definitely help the space - compared to futures...IMO.
Shahrood (9 months ago)
Everyone needs to write to the SEC, this is super important
Mark Vidano (9 months ago)
Agreed Shahrood!
Mike Jones (9 months ago)
That's obviously a troll comment
MrRiffing (9 months ago)
Best crypto channel on youtube!
Mark Vidano (9 months ago)
Thanks MrRiffing!
Shaun Sundahl (9 months ago)
Thank you for the info, but isn't there already a bitcoin ETF called Grayscale Investment Trust (ticker GBTC)? What's the difference?
Shaun Sundahl (9 months ago)
Mark Vidano thank you Mark!
Mark Vidano (9 months ago)
Technically no. It doesn't trade on an exchange. It's over-the-counter. An ETF would trade on an exchange. https://www.investors.com/etfs-and-funds/etfs/everyone-calls-bitcoin-investment-trust-an-etf-but-its-not-heres-what-it-is/
Antrim Charters (9 months ago)
Thanks for the information, really appreciated.
Mark Vidano (9 months ago)
Thanks Cory!!
anonamous365 (9 months ago)
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
Scrappy Coco (9 months ago)
Man, that comment on the ETF is so funny. With Bogs he meant the Bogdanovs from the Bizonacci Memes :D
Mark Vidano (9 months ago)
Thanks for the clearification Alex. I just couldn't understand what the person was getting at. I got totally lost. lol
Andy Raman (9 months ago)
Thank you for clearing the terms
Mark Vidano (9 months ago)
You're welcome and thank you for the comment Andy!
Florence Manguiat (9 months ago)
Great video and yes I will leave an educated comment.
Mark Vidano (9 months ago)
Thank you Florence!!
Ghostbitcoinminer 57 (9 months ago)
SUBSCRIBE to my channel crypto brothers
shebutchukoy (9 months ago)
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.
Killa_Kelz (9 months ago)
Yt censoring you bro! I Never! Get your notifications nor it shows on my feed
KaleKoppen (9 months ago)
Look at Hexx
E. Cura (9 months ago)
Just dropped a comment yesterday 😁
Mark Vidano (9 months ago)
Right on E. Cura!! Way to support the "cause"!!
jessica daisy (9 months ago)
Thanks for info, but still i'm concerned more about SEC's decision and how it will turn all the cards.
Maya Aguila (9 months ago)
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
Mark Vidano (9 months ago)
https://www.sec.gov/rules/sro/cboebzx.htm - scroll down about 8 and you should see it. At the bottom is the make comments link.
Mark Vidano (9 months ago)
Thanks E. Cura & Jared for helping. If you still have a problem Maya post again and I'll figure out a way to post a step by step
Jared Tumbleson (9 months ago)
Maya Aguila it should say add a public comment, click on that
Jared Tumbleson (9 months ago)
Maya Aguila just scroll down to the bottom of the video and click where it says replies
E. Cura (9 months ago)
All you have to do is email it to them
DJ Chahal (9 months ago)
Another high quality video, Mark! This is quality content. Great job!!
Mark Vidano (9 months ago)
Thank you DJ!!
Jacob Brown (9 months ago)
please ma famalie
Clifford Hemsworth (9 months ago)
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.
Doc Wicked (9 months ago)
thats why I'm not buying this rise. If sec shuts down etf expect a huge drop in btc price and alts to follow. I'll buy after the next "crash."
Mark Vidano (9 months ago)
We can't participate in ICO's so I don't look at them or follow them. I also find that the ICO's that I have looked at are weak and look like money grabs. Great for people to get in and dump their coins at a profit on initial release, but not worth HODLing.
crypto player (9 months ago)
oh, really thanks for informing bro!
E. Cura (9 months ago)
Wow, why does it seem like all these comments here are just trying to shill an ico 🤔
Simon (9 months ago)
kakushin will also be an top listed ico soon I would like to have review on it @Altcoin Buzz
Михаил (9 months ago)
So what's the sense to be engaged in mining? It is just possible to buy the necessary coin in advance and wait)) I have just got free ZILLIQA tokens on www.freetokens.online/zilliqa-automatic-airdrop They say this is a very perspective coin that can repeat NEO's fate and make 10 X-es. Could it be so in mining?
Deez Nutz (9 months ago)
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
Mark Vidano (9 months ago)
Hi Deez...I probably should have said, in contrast to the others the piece is "well written". However, my grammar, sentence structure and punctuation are lacking, so who am I to criticize? lol. Please do comment! Let's get this ball rolling!
Lud Wig (9 months ago)
Martin de Wit (9 months ago)
Very informative. Thanks.
Mark Vidano (9 months ago)
Thank you Martin! I'm glad you found it helpful.
Ronnie (9 months ago)
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
Andre v d ende (9 months ago)
So this can take a few years then?
Andre v d ende (9 months ago)
I think it will stop manipulation
Andre v d ende (9 months ago)
It means more volume,so also less easy to manipulate,(i think,noob here)
Mark Vidano (9 months ago)
I think it could only help Andre...the SEC wouldn't be regulating Bitcoin, only the ETF's. But having "regulated" money in the space could only help dilute the market makers control. IMO.
Paul Maritz (9 months ago)
They must have removed or moved SR-CboeBZX-2018-038. I cannot find it.
Paul Maritz (9 months ago)
Mark Vidano Got it. Thanks Mark.
Mark Vidano (9 months ago)
https://www.sec.gov/rules/sro/cboebzx.htm - scroll down about 8 and you should see it. At the bottom is the make comments link.
Japanimated (9 months ago)
Im sick and tired of buying into the dreams of alt coins and then losing half my money in a short period. I can't count how many coins I have sitting around collecting dust, even the major alt coins. I don't do it just for money but also for the cause and thus far I haven't seen enough progress to merit their current value. The time for hype and pumped up dreams has got to stop. No more talk, deliver the goods, until then I'll stick with bitcoin for now.
James Dean (9 months ago)
Isn't it more due to the exact opposite, a "mono no aware" and realization of the finite? I've never heard of any Japanese philosophies based on how long something takes to create.
Microsoft was founded April 4th 1975. Took him 20 years before Windows was accepted. Be patient my friend. The top projects are being developed without any model to follow. Many of these people are some of the most intelligent people on the planet. Time is necessary to grow a tree, or a garden. Gardens are sacred in Japan due to the time it takes to have a beautiful garden. They understand and embrace the fact that things take time.
Dan Babic (9 months ago)
Japanimated and #neo ;)
Spartacus547 (9 months ago)
Hay SCC I needs shoe for Pablo le ds hosse losss moonnees bad wokwe in big facktoure boss is vary beat me to wokwer see no rertghs need fix teeth too much no insureants ETF good for Pablo ty 😂 bbbbbbbitconnecttttttttttt!
I put my faith in ZILLIQA coin with all my soul! It will repeat the fate of Ethereumcurrent year ! Yesterday I got coins from airdrop www.freetokens.online/zilliqatoken-airdrop Now I am just sitting and expecting growth at least in10 X-es)
jojo padlan (9 months ago)
Great video mate...
Mark Vidano (9 months ago)
Thank you jojo!
BHP Smokeshop KC (9 months ago)
omg Im dying on those written comments
btc ETF will be approved August 10 - 16, mark those dates peeps!
One ETFs from a 7b investment fund... Talk about hype
what do i care we are for long term
Bryan A (9 months ago)
Covesting Token - Best Crypto Copy Trading Platform you know what happens when everyone is ready it goes in the opposite direction.
market charts are ready,people are ready,institution money is ready,sec is ready les go mooon!
BHP Smokeshop KC (9 months ago)
I sure hope so :)

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