BCH Futures are here... Are Spot ETFs on the horizon?

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wolf2020Senior Member
Posts: 232 · Reputation: 1262
#1Sep 28, 2020, 05:25 AM
So, Coinbase just kicked off BCH futures trading. Does this mean we might see spot ETFs coming soon? I mean, for a crypto that a lot of Bitcoin fans aren't too fond of, I'm kinda surprised it's made it this far. At least BCH isn't like BSV, which feels more like a centralized mess run by someone trying to be Satoshi. What do you all think? How's futures trading gonna affect BCH? Are spot ETFs likely to follow? And do you believe institutional investors might lean towards BCH instead of other similar altcoins like Litecoin? Would love to hear your thoughts on this. Thanks!
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SilentGuruSenior Member
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#2Sep 28, 2020, 09:49 AM
BCH have the history of having 51% attack which make its reputation tarnished. For that reason I don't think it will have ETF and if somehow it gets one, I don't think it will be popular ETF. It will be a waste of resource better to have other altcoins ETF instead of the one with bad reputation. It's just my opinion though. I mean I also acknowledge the fact that even with that attack the FDV still sitting at 11B and ranked 12 top coin by valuation.
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sigma_satoshiFull Member
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#3Sep 28, 2020, 11:17 AM
I don't think so, they just want to open futures on it so that their traders have an option to do futures with it. But to think about them launching an ETF, we don't know, maybe it can happen. But knowing the reputation of BCH and the owner of it, we don't know what they can push for it if they work on it. I guess that the hate is still on it but many have already forgotten this project. In fairness, I'm quite amazed with how it kept in the top ranks for so long.
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jake_gweiSenior Member
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#4Sep 28, 2020, 03:14 PM
Going to be a while until the next ETF especially BCH. Í personally expecting LTC for the next ETF or XRP. Although I don't like XRP but the chance is pretty high for it to get the ETF right after solana ETF that we already got. For some reason there are always handful of people holding XRP and this motivates the issuers.
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tomdefiFull Member
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#5Sep 29, 2020, 06:53 AM
What exchanges mostly care about when listing the derivatives or futures are the volumes (translated as trading fees for the exchange). There are some other shitcoin futures that have already been listed on coinbase such as SUI. This does not mean that there is a possibility for spot ETFs To be fair to the Bitcoin Maxis, the people behind BCH did try to sell the narrative that BCH was the real Bitcoin and the Bitcoin we know was Bitcoin core. Nothing much, I suppose BCH's price growth hasn't been good over the years if you compare it to let's say XRP or LTC
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wolf2020Senior Member
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#6Sep 29, 2020, 09:07 AM
Really? I thought that was the case with Faketoshi's Bitcoin SV "shitcoin"? It did experience a 51% attack shortly after launch. BCH was planning to add 0-conf transactions through the "Avalanche" consensus protocol, though. It's a good thing the "benevolent dictator" (lead dev of Bitcoin ABC project) created the eCash fork. Else, 0-conf would've made BCH even worse. Between BCH and BSV, I'd say the former is viewed more favorably by the crypto community. Big exchanges (Coinbase, Binance) have included BCH in their portfolio, so who's to say institutional investors won't get their hands on it in the future? I mean, Coinbase already handles BlackRock's IBIT ETF shares. BCH might get a spot ETF too, now that futures trading have been enabled by Coinbase. For a coin that caused much controversy in 2017 (block size debate), I'd say BCH has reached pretty far. It's now the 12th largest crypto by market cap. Maybe it will reach the 10th spot soon? We'll see what happens...
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