ETH ETF is really happening!1

Oh.. it will be on NYSE?

>Prior to this offering, there has been no public market for the Shares
what did they mean by this

do crypto exchanges not count as public, or are these 'share's not the same as eth

It's something normalfags put their money in.

God dammit. Can I please have the old Veeky Forums back? ETFs are something you should learn by like middle school for fuck's sake.

Jesus christ.
Here:

investopedia.com/terms/e/etf.asp

It means BIG money might start pouring into ETH soon. very soon.

Yes. Now is the time to buy a LOT of ETH if there ever was one.

The shares are part of the ETF, which is based on the price of ETH. That's all.

It's still under review. BTC had the same thing and then got denied. But that was a long time ago, maybe things are different now.

HAPPENING

Exchange traded fund... it means Ethereum is going on the fucking stock market for purchase... it means ETH is about to fucking MOON

100 ETH here, am I gonna make it?

Yes start looking for a lambo

So ETH going onto the stock market as its ready to collapse? Yeah, that'll make it moon for sure.

lol

Goood...MNE will soar even higher

This is just under review right? How long does it take for these things to be OK'd?

Does Vitalik need to be apart of this or aware of it?

rexne tiene tetas

Big if true

Start looking for 100 ft yachts my man.

tremendous if trustworthy

I'm still hurting over this.

Hoping it makes ANT moon too though.

Why does this site look like shit, how am I supposed to read that retarted cancer wall of text.

I have 76 ETH. I wagecuck at my uncle's 76 gas station and repair shop. I bought 76 ETH as my ticket out of this hellhole. Based money skelly, please help us.

IPO DATE?

government employees don't understand web design or formatting

BUY THE RUMOR

>muh design

Keck yourself faggot

when will this actually move the price?

Oh fuck, should I just go all in on eth now? I had $300 in neo and other shitcoins and sold. Now I have around $1100 in BTC.

Please I just want to get out of this shithole.

Honest question, why buy an ETF instead of the crypto directly?

It is easier, I suppose. Like I wouldn't want to buy and deal with storing gold, but I might buy a gold ETF. Is there anything else to it?

normaldos understand it, current finance industry don't need to add new infrastructure

I sold half my OMG and bought ETH.
I really hope it goes up at least today so i can buy my OMG back.

I sold all my shitcoins... and long-term holds... anything I didn't 100% believe in. BCH, XRP, RDD, XVG, and POT and went all in on ETH.

My portfolio is BTC, NEO, LTC, ETH, ADX, and UBQ... and a couple others I'm ashamed to admit.

I can't read dis someone gib explains plz

Answer this, you cunts

It says "Buy ETH now or be poor forever."

Also buy some ANT unless you're a cuck. That's good too.

tell us your shitcoins user

You wouldn't, point is that boomers would and it could cause the price to jump up a lot.

I just did the same, I'll just buy back in if anything.

I hope we all make it skellybros, and I'll see you on the moon.

>Also buy some ANT
Why?

crypto is fucking hard to get in/out of.

Company applies as an ETF and buys ETH. Issue "shares" of their ETF as a function of ETH price. As ETH price fluctuates, so does company's ETH-based ETF.

This opens up ETH to a much broader audience... not just the above average tech-savvy population that's currently exposed.

SIGT and EMB... feels bad

Stock exchange is much better regulated at least

And more convenient if you already regularly trade on it

If it tracks ETH closely I might buy some shares since I don't want to have to deal with all of the other bullshit

They filed in July 2016. They will accept or deny this month.

just like how well the bitcoin etf did, right guys????????????
guys??????????????????

>ETFs are something you should learn by like middle school for fuck's sake.

Not everyone on Veeky Forums is an amerilard

Literally says they filed yesterday sept 5th at the top of the document.... are you fucking retarded?

Big if true... i think? never heard of ETF to be honest but I'm not a burger and never had to do anything with stocks either so.. yeah no clue

kek you're a dumbass

This is old news, articles show the proposal being made 5+ months ago.

Why the Hype?

the lawyer who was representing the etf is now the person in the sec making the decision

This came out like today. It's finally coming.

This.

>signed on september 5th, 2017

How come the markets haven't reacted yet?

I want to believe OP but where does it say anything about an etf?

Sure kiddo, whatever makes you feel better.

>sold his shitcoins only to buy more shitcoins

what makes you think the SEC is going to approve an ETF for a scam coin?

Dont fall for the hype. I was posted 5 hours ago on reddit. it is not a fresh news.
reddit.com/r/ethtrader/

...

godspeed user, you're going to make it

One thing I don't get is, won't the boomers be put off by the wild swings? This roller coaster is going to give them all heart attacks...

Is anyone here NOT already balls deep in ETH?

>ETH ETF
>normies money get in
>ETH moon hard
>we dump it the day after
>we lamboland now
>normies panic sell and loose everything
>we become the kangz of the new world
What a time to be alive

remember to buy the inevitable dip and do the same shit again

Me, I'm a poorfag that own just 0.73 Dash and 23 OMG, what should I do? ; _ ;

I SWEAR TO YOU THIS IS IT. THIS IS IT BIZ THIS IS FUCKING IT

I WILL SELL EVERY ASSET I OWN TO GET IN ON THIS, REEEEEEEEEE HOW DO I BUY NOW

>normies buy into ETF like crazy
>Eth price stays exactly the same while ETF skyrockets

Is this happen before

yes, look at how GBTC gains are separate from BTC gains.

>creates a massive ETF bubble
>we sell at the top
>it crashes
>Buy in again

It's to buy into a POS pool. The people who filed for this have a ton of eth and are going to stake and sell etf that pay a fraction of the POS awards.

proof of stake violates the 2nd law of thermodynamics though, so this will never work

its just another day in cryptoscam land

when is the ETF ICO?

the virtual world is not beholden to the laws of the physical world you baboon.

wtf I hate science now

eth moon

>when you don't really understand what you're talking about but want to sound smart

Look up "emergent properties" and then realize that emergent properties have value.

This must be the big one boys. The one we've been waiting for. Money skellers has been laying his plans for a long time. This is only the beginning!

Check gold-based ETFs when the market tanks...

>when you can't see a joke if it hit you in the face
>when you want to pretend you know what he's talking about but expose yourself as a friendless downs neet who cant recognize simple humor

do you even know what cryptocurrency is? do you know what free/decentralized means? of course he doesn't they can do whatever they want

>we can get shit for free because interwebz maine

ethtards are actually this stupid. lmao

Remember kids, once in a while Veeky Forums actually gives some valuable info and/or good advice.

huge if true

thanks for the heads up OP

Basically if approved I can have Eth exposure in my 401K and/or IRA.

Buy in coinbase bub ;)

If nobody cashes out and everybody thinks what they own is worth X in value, the crypto market cap could basically go to infinity, and be worth almost none of it (see: "Wow! It's Literally Free Money!" written by Everyone Who Received and Held BCC).

chill out bruh i'm smarter than you are. and i'm not a neet when I have a comfy job as a software developer. you're right about the friendless part though.

gargantuan if guaranteed

Should I put in 500 bongs or 1000?
What's the best place to get them?