There's a lot I don't know
Is an etf the same as a security?
There's a lot I don't know
Is an etf the same as a security?
Oh, no, and ETF is a fund for the bankers to trade assets more easily. It would theoretically inflate the price of an asset, but I don't believe Bitcoin ETFs will be approved anytime soon.
Securities are tricky because the regulators appear to decide on what the definition is and what meets that criteria. If what Ripple went through with the SEC and their XRP which was alleged to be a security is any indication, then this would be bad news for the bulls in the near term.
I have been harping on about us not being in a bull market yet, so something like this seems more likely than not, to me. People are delusional if they think institutions are going to give them a heads-up that there is money to be made.