What's the Story Between Bitcoin And ETF

By ONEROOT | ONEROOT | 2 Apr 2019

On July 26, 2018, SEC (Securities and Exchange Commission) rejected the attempt of the Winklevoss twins to list Bitcoin ETF with concerns about fraud and market manipulation. On August 7, 2018, SEC delayed VanEck-SolidX Bitcoin ETF decision. A chain of events like this shakes the confidence of the crypto community and pushes the market into wide fluctuation. 

Then what exactly is a ETF?

ETF, standing for Exchange Trades Fund, is a fund that tracks specific indexes. So Bitcoin ETF is a fund that tracks the Bitcoin price index. 

Bitcoin ETF provides investors an opportunity to buy the ETF without directly owing Bitcoin. Instead, what investors possess are financial derivatives that are tradable and associated with Bitcoin price. Nevertheless, Bitcoin and Bitcoin ETF have no difference in profits.

Why does the rejection of Bitcoin ETF have so significant impact on the market?

As a new approach to investing in Bitcoin, Bitcoin ETF’s significance lies on: 

Due to legal issues, a large number of formal institutions can’t purchase cryptocurrencies. Whereas once SEC approves the Bitcoin ETF application, these institutions can legally enter the market. Therefore, incremental capitals flow into the crypto market. That’s definitely far-reaching.

The original video:

- About ONEROOT -

As a blockchain technology solution provider, ONEROOT has developed a range of solutions, including R1 protocol, DDEX, DCEX, public chain and user terminals, meanwhile, has provided a developer-friendly toolkit, greatly lowering the threshold of product deployment and secondary development. Upholding the spirit of open source and sharing, ONEROOT promotes infrastructure construction with product development, breaking the barriers of technology and capital. By empowering community to promote industry development, ONEROOT allows more people to enjoy the convenience of blockchain.

- Partners-

BXA (Blockchain Exchange Alliance)

BXA is the world’s largest digital asset exchange alliance. With the full range of technology solutions developed by ONEROOT, BXA members from different countries and regions can share transaction data securely, continue to be compliant with local regulations, and complete settlements quickly. As a result, those members are linked together with the largest order book and deepest liquidity, being financial entities with global influence.


As a digital currency exchange with the most users in South Korea, Bithumb is one of the largest one around the world. In October 2018, Bithumb partnered with ONEROOT and launched a distributed decentralized exchange — Bithumb DEX, the world’s first decentralized exchange serving millions of users worldwide.


Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github

Instagram: @onerootnetwork

Youtube: @OneRoot Project


Naver blog/Kakao



Official QQ group: 6644849

Official WeChat account: oneroot_admin

How do you rate this article?



ONEROOT is blockchian technology service provider.


Leading Blockchain Technology Provider

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.