The SEC's deadline to decide is 10th of Jan (for multiple ETFs).
I don't think the approval itself would cause any major jump in the price, it's largely already priced in at this point as everyone is already aware of what's coming. If anything, the demand (not just the fact they got approved) could have a fairly big impact on the price, but we're talking longer-term here. It's not like a bunch of wales is sitting on the sidelines and waiting for SEC. There are plenty of other ways investors could get exposure to BTC.
Short-term speaking, we could see some modest rise after the hopefully positive announcement and then we could see a drop as a lot of investors will be "selling the news".
Topic: BitcoinETF approval will possibly cause much bigger jump than most people expect - page 7. (Read 1311 times)
January 02, 2024, 06:05:14 PM
January 02, 2024, 05:45:51 PM
ETF approved: BTC goes to the outer stratosphere.
ETF denied: Short-term drop in price but long term? The macro is ultra bullish.
My greed is almost at an ath and it's just unfortunate that I don't have as much bitcoin as I'd like if this ETF is approved because it most likely would be. This is the most optimistic I've been of all ETF applications in recent years. I have my fingers crossed and I'm betting big on it.
ETF denied: Short-term drop in price but long term? The macro is ultra bullish.
My greed is almost at an ath and it's just unfortunate that I don't have as much bitcoin as I'd like if this ETF is approved because it most likely would be. This is the most optimistic I've been of all ETF applications in recent years. I have my fingers crossed and I'm betting big on it.
January 02, 2024, 05:20:06 PM
Discussions around Bitcoin’s ETF approval have been intensified for a long time now and most likely, we will get positive news about it in early January any day now. Yaay. 
In case of a positive outcome, a Bitcoin ETF approval will possibly result in a much bigger spike than many people are expecting, in my opinion.
Right now, mostly Bitcoin holders or financial wallstreet experts are aware of what’s coming. Many regular investment people still don’t really know about / have heard much of an upcoming Bitcoin EFT but will know and read more about it, once news are out and advertising really starts.
BlackRock and Co. are really big players and advertising Bitcoin, a truly scarce asset, might result in an unbelievably big Bitcoin price spike (sorry for too much FOMO, I could not resist
).
Compared to what might come, we are still in relatively calm waters.
Of course, a rejection could result in a very big dump due to insurmountable disappointment as well.
As always: no investement advice because trading is very risky.
Interesting and volatile days ahead!
In case of a positive outcome, a Bitcoin ETF approval will possibly result in a much bigger spike than many people are expecting, in my opinion.
Right now, mostly Bitcoin holders or financial wallstreet experts are aware of what’s coming. Many regular investment people still don’t really know about / have heard much of an upcoming Bitcoin EFT but will know and read more about it, once news are out and advertising really starts.
BlackRock and Co. are really big players and advertising Bitcoin, a truly scarce asset, might result in an unbelievably big Bitcoin price spike (sorry for too much FOMO, I could not resist
). Compared to what might come, we are still in relatively calm waters.
Of course, a rejection could result in a very big dump due to insurmountable disappointment as well.
As always: no investement advice because trading is very risky.
Interesting and volatile days ahead!
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