Bitcoin Price Prediction

[ha_banos]

1 hour ago, sbsbsb1 said:

Yeah, some of the ETFs apparently hold actual Bitcoin, others apparently hold futures. I'm looking at the Fidelity ETF, which holds actual Bitcoin.

Before the SEC approval of ETFs they couldn't hold BTC so they held futures and the like. The ETFs were then approved https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023, that sh/could then hold the underlying asset. Do check.

[sbsbsb1]

1 hour ago, ha_banos said:

Before the SEC approval of ETFs they couldn't hold BTC so they held futures and the like. The ETFs were then approved https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023, that sh/could then hold the underlying asset. Do check.

Good background. I appreciate all the knowledge you guys are dropping!

[joeypots]

4 hours ago, sbsbsb1 said:

Yeah, some of the ETFs apparently hold actual Bitcoin, others apparently hold futures. I'm looking at the Fidelity ETF, which holds actual Bitcoin.

ARK B, for example, is a spot bitcoin ETF. Lots of financial manegement companies have taken steps to integrate spot Bitcoin ETFs into its wealth management offerings.

[sbsbsb1]

38 minutes ago, joeypots said:

ARK B, for example, is a spot bitcoin ETF. Lots of financial manegement companies have taken steps to integrate spot Bitcoin ETFs into its wealth management offerings.

What do you mean by "spot"?

[yuppie]

45 minutes ago, sbsbsb1 said:

What do you mean by "spot"?

Spot means the current market price, right now, not a future and not a derivative.

[joeypots]

Not for nothing, this is not a good place to learn about financial info stuff. Better to ask about cigars  imho

In finance, the 

spot price (or "cash price") is the current market price at which a particular asset—such as a commodity, security, or currency—can be bought or sold for immediate payment and delivery. Unlike futures or forward contracts, which set a price for a future date, a spot transaction occurs "on the spot" or with very short settlement, typically within one or two business days

[sbsbsb1]

42 minutes ago, joeypots said:

Not for nothing, this is not a good place to learn about financial info stuff. Better to ask about cigars  imho

In finance, the 

spot price (or "cash price") is the current market price at which a particular asset—such as a commodity, security, or currency—can be bought or sold for immediate payment and delivery. Unlike futures or forward contracts, which set a price for a future date, a spot transaction occurs "on the spot" or with very short settlement, typically within one or two business days

Fair enough,  lol...I really should have known that anyhow.  A bit embarrassing given my age, but we won't go there!