Bitcoin Q&A: Why I'm against ETFs

What is happening with the Bitcoin exchange-traded funds (ETFs)? Why might they be a bad idea for decentralisation, consensus, and even the price? A billion-dollar "not your keys, not your bitcoin" opportunity for non-technical institutional investors.

Chapters
0:00 Your thoughts on the bitcoin ETF and its effect on bitcoin. What happens next to bitcoin?
1:35 There's always claims that the commodities markets are manipulated
2:34 A bitcoin ETF is going to be damaging the ecosystem

RELATED:

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains!

[noirspoon]

They are not doing ETF to help bitcoin market. Make no mistake about that. Bitcoin doesn't need an ETF, institutions need an ETF.

[JemilMarcosTyC]

It looks like we are going in the exact opposite direction that Satoshi intended us to go... begging for institutional acceptance, and giving power to the same old few instead to give power back to the people.

[MrHarrilasagna]

Thank you for answering this question Andreas.

[djedihearttricks]

The reason I’m such a big fan is that you always consider and bring up very valid points that very few people consider 🙏🏻 Thank you!

[caesarskiba]

There is no escaping this guys. I respect Andreases points but I think it's a good thing. This is a way for them to get into Bitcoin. Dipping your feet in. Eventually they will come full circle and own their own keys. This is a necessary step in our evolution.

[Cryptoverse]

Hi andreas if etf buyer sell his etf is fund managers also sell that part of bitcoin?

[dz]

i am just so happy to have found this channel. thank you and pls never stop :)

[cryptocrib]

It's amazing. Even if I don't understand Andreas half the time, I somehow still seem to learn something...

[bandloverlife]

Any update on your thoughts of the spot etf?

[johaneriksson]

You are not alone, I also hate the idea of Bitcoin ETFs. Keep up the awsome job you do!

[jaydouken]

This is a very good analysis! I never thought of it like this. I've heard the "not your keys, not your bitcoin" part, but the insight into different versions is a new one for me.

[jonathanlivingston]

ETF’s are just part of the process. Its a positive thing. ETF proves mainstream. We should be happy. We can’t have it all and want it all. Mainstream means mainstream including ETF’s

[mojocrypto]

Thank you for the explanation Andreas. Been looking for a video like this for a while

[InisMor]

so so clarifying. all bitcoiners enthusiastic about etfs should watch this.

[timmysinvestments]

The only reason people are waiting for ETF is because of get rich quick mentallity, they hope bitcoin goes up fast after ETF so that they can sell their bitcoins for more dollars. They don't care about bitcoin itself. They love dollars

[Lumosumo]

not your keys, not your bitcoin. case and point. thank you Aantonop.

[BitcoinJake]

Wow. Thank you. You changed my perspective...

[kevincass]

As always, well said! Thanks A2! Burst my bubble, but only slightly. I think once the ETF is passed for the CBOE, if issues that you are concerned with are not addressed, there will be other exchanges that will give the fund managers the right to allow the bitcoin fund's owners the right to vote so that people who care will go to that fund. Supply and demand. The centralization of control certainly is possible with the ETF, but once there is plenty of competition, the more liberal exchanges will hopefully win the competition.

[Normanhamiltonbnb]

Excellent video and I loved your alternative view on this!

[NiyaziBeydagl]

Holds very true especially around this time when a decision is due from the SEC.