We have been waiting for this good news for a long time and finally, our long wait is over. After a long wait, it was approved. Maybe that's why the price of Bitcoin is rising so fast. Now many new investors will invest in this good news. I think this approval will go a long way in moving Bitcoin forward.
lucky are those who still believe in the future of bitcoin and those who still hold on to it today, all the hard struggle of almost 10 years bitcoin exists and this is not the culmination of all goals, but i think there will be more surprises after this 
Topic: ***BREAKING *** Bitcoin ETF is approved (Read 492 times)
If I am not mistaken, this particular ETF will be using CME's bitcoin derivative as an underlying asset to calculate the price of the EFT. If that is true, no real value will be added in bitcoin market because no physical bitcoins will be transacted during the process and also no money will be pumped into the bitcoin market. This ETF is essentially a bug fraud of the banking system where they create money out of thin air.
Such ETFs can only bring positively into the market but not money!
Such ETFs can only bring positively into the market but not money!
essentially..
person A in a different market/company. is buying futures contracts where they want to buy bitcoin at X price in Y weeks. whereby at week Y deadline.. that coin for them 0.2 seconds are owned by person A. and is then sold. leaving person A with a profit or loss depending on what the price is then.
^ thats futures
the ETF is creating seperate contracts and letting person B buy these.. which the B contract pays person A at week Y. meaning person A never loses any fiat because the fiat risk is shifted to person B
person B never even gets the bitcoin for 0.2 seconds. he is just hedging, gambling person A's fiat
We have been waiting for this good news for a long time and finally, our long wait is over. After a long wait, it was approved. Maybe that's why the price of Bitcoin is rising so fast. Now many new investors will invest in this good news. I think this approval will go a long way in moving Bitcoin forward.
If I am not mistaken, this particular ETF will be using CME's bitcoin derivative as an underlying asset to calculate the price of the EFT. If that is true, no real value will be added in bitcoin market because no physical bitcoins will be transacted during the process and also no money will be pumped into the bitcoin market. This ETF is essentially a bug fraud of the banking system where they create money out of thin air.
Such ETFs can only bring positively into the market but not money!
Such ETFs can only bring positively into the market but not money!
Finally, after a long time of repeating and waiting SEC finally approved.
Wait what? The SEC haven't approved lol. It literally says in the paper: "have been approved by the Exchange for listing and registration upon official notice of issuance."
It just says that they had the go signal from Nasdaq for listing, but they'll still be waiting for the decision from the SEC.
True that. However looking at the involvement of huge number of investors after this news broke out, SEC might wanna think twice before they say no to the approval. The SEC will see enormous communication after this because any listing company would want to showcase the instrument performance and as far as I read after ETF news bitcoin got a billion dollar trade volume in just 20 minutes of period. Also the drive continues for it. I assume this is the missing train guys who would be in que to buy further. Not sure how far this will go but with the sturdy news like this, bitcoin has got whole new milestone ahead. I imagine many billionaires and millionaires would start supporting bitcoin henceforth because they seeing a whole new era for it. Sooner or later SEC will jump in so that they can regularize it and keep an eye on who invests with the intention of laundering. lolz.
"fund does not invest directly in bitcoin"
..
translation..
its a FIAT ETF that gambles but never holds an asset that it pretends to be involved in its title
its in short like a gambling website offering 'shares' in fiat, of other peoples gambling slips.. based on horse racing without the website owning any horses, or race courses
a proper bitcoin ETF collateral trust has not yet been approved
..
translation..
its a FIAT ETF that gambles but never holds an asset that it pretends to be involved in its title
its in short like a gambling website offering 'shares' in fiat, of other peoples gambling slips.. based on horse racing without the website owning any horses, or race courses
a proper bitcoin ETF collateral trust has not yet been approved
So, for all the friends who replied saying 'It is still not approved' -- SEC usually just keeps quiet when they approve something. If dead line passes and SEC is silent, it means it is approved!.
Anyway ETF IS NOW OFFICIALLY trading
Source: https://edition.cnn.com/2021/10/19/investing/bitcoin-etf-proshares-bito/index.html
Anyway ETF IS NOW OFFICIALLY trading
Source: https://edition.cnn.com/2021/10/19/investing/bitcoin-etf-proshares-bito/index.html
since the day they talked about a possible bitcoin ETF approval the price has risen in a very scary way, so scary that it's hard to predict what would happen if any bitcoin ETF were not approved, and people from what I can see are very confident that approval is something guaranteed, but they forget that they are dealing with the SEC that has already postponed and rejected bitcoin ETF several times
What would have happened if it's not approved? I mean will they withdraw those bitcoins they already invested or we will see another price decline again?
When they see this approved for the first time, then it would make sense for the price of bitcoins to reached another ATH.
If they see some positive impact with this news, they won't hesitate to push the price up to the newest record this year.
New update From SEC:
Source: https://www.sec.gov/Archives/edgar/data/1174610/000168386321006060/f10047d1.htm
Source: https://www.sec.gov/Archives/edgar/data/1174610/000168386321006060/f10047d1.htm
If you cast Bitcoin and Bitcoin ETFs aside then the future is going into the digital age.
It's pushed in a certain direction but who knows if there's going to be a plan for oneworld government, Banks already owns most of the power.
There was a documentary I posted somewhere but it was removed for being off topic so let me see if i can find it.
It's pushed in a certain direction but who knows if there's going to be a plan for oneworld government, Banks already owns most of the power.
There was a documentary I posted somewhere but it was removed for being off topic so let me see if i can find it.
This is a futures ETF, so while it is a positive, it isn't a true ETF holding bitcoin. Barring something crazy, it should start trading tomorrow, but a futures based ETF is more expensive and less positive than a true one. This has been going on for 8 years - since 2013 - so it took them long enough to even get to this point.
So much for a free country. In the US today, it is more regulated and taxed than many authoritarian's wildest dreams.
So much for a free country. In the US today, it is more regulated and taxed than many authoritarian's wildest dreams.
Is this still effective? I mean, yes, lots of people here expect ETF way back years ago, yet it didn't happened until people doesn't care anymore of every news regarding ETF. And there are lots of reasons why bitcoin still increasing despite of those ETF getting disapproved. Private companies and even government recognized/accepting bitcoin, proving that it's more important than what ETF could do. But I guess this still bring hype, and that's not bad at all.
since the day they talked about a possible bitcoin ETF approval the price has risen in a very scary way, so scary that it's hard to predict what would happen if any bitcoin ETF were not approved, and people from what I can see are very confident that approval is something guaranteed, but they forget that they are dealing with the SEC that has already postponed and rejected bitcoin ETF several times
Yes to above comment,,, I wish somehow we can also upvote the reply that is the most relevant so we can see the most useful response and OP can even pin the update or something but anyway this forces us all to read the whole thing 
It seems approval or not,,, people are confident something is finally going right for Bitcoin ETFs. But yes, the worry also is if it does not get approved then will it spell bad news for price?
It seems approval or not,,, people are confident something is finally going right for Bitcoin ETFs. But yes, the worry also is if it does not get approved then will it spell bad news for price?
Back in the days when the market was still bearish, we were easily affected with the "ETF news", and mostly it's negative news and that's the reason why the market is down, but this time when we are not expecting it anymore but it's approved already, so it's understandable that the market will pump and it must probably the reason why bitcoin has a bounce-back close to its ATH.
In terms of effect, it will have a long-term positive effect while the hype is normal today.
In terms of effect, it will have a long-term positive effect while the hype is normal today.
Yea, lots of people have definitely been mislead with these kinds of headlines on social media, and it definitely helped the upward price pressure. But to be fair, apparently the chances of the futures ETF being approved is really high.
Yes and no. Many were probably misled, also "buy the rumor" probably works greatly, but overall I was surprised by this topic. If this (Bitcoin ETF approved) would have been for real, the media and twitter would have had many many more news on this.
Since I am just drinking my coffee, I didn't even try to read what the paper tells, instead I've scrolled down to see what a few Legendary members tell about it. And your other post, which I've merited, tells simply and clearly the story. My only regret is that the forum doesn't rearrange the replies and makes that one the first to save people from reading/scrolling too much
Look at the positive impact of this news despite of china's attempt to continue to release their FUD dogs. It's just right about time that this bull run might seems to make its own way to $70k before the end of the year. I think we needed more adoption before we get to see that $70k before the correction hits.
The impact hasn't even been felt yet. I believe it's this news that will expectedly drive price to the projected $100,000 new ATH this current bull season. Fundamentals drive technical analysis and I've that feeling this could be it. Again, about China; more people aren't taking them serious anymore on whatever ban they come up this day. China is going to be the big loser in this Bitcoin story. She's shooting herself in the foot.Anyway, I don't know if SEC saw something in Bitcoin but with or without them Bitcoin can stand alone with enough support of us people of course. It's just a bonus that they finally approved this after a long time of waiting.
I guess they saw through this that without the ETF Bitcoin will soar to great height and that's why they're now throwing their weight behind Bitcoin. 
After so many years of trying, it was finally approved. This is indeed a good news and of adoption everyone is waiting for but nobody is actually actually talking about the base side of ETF. We all know real btc trade 24 hours a day and 7 days a week continuesly but ETF trade only Monday to Friday, this will continue to open gap during the weekends and even eliminate volatility completely.
OP,do you even read the posts above yours or do you want to just boost your post count?
The ETF wasn't approved and even if it gets approved,the ETF cannot eliminate volatility completely.
Bitcoin will remain volatile forever,perhaps mass adoption could lower the price volatility,but no ETF or other financial derivatives will help for lowering price volatility.It's actually quite the opposite.Such financial instruments exist because of the price volatility of an asset.
I assume that 90% of the Bitcoiners still don't understand what an ETF actually means that how it is used by the investors.
Anyway,an ETF being approved won't be the bullish news that will pump the Bitcoin price to 100K USD.
People should not be too optimistic about anything being approved by the SEC, because we know what happened with the previous applicants in the past. https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
There are always a big hype before these announcements and the market react positively and then the SEC come in and spoil the party. In any way, if it gets approved... the market will spike for a short while and it will drop back to $50 000+ and stabilize there.
There are always a big hype before these announcements and the market react positively and then the SEC come in and spoil the party. In any way, if it gets approved... the market will spike for a short while and it will drop back to $50 000+ and stabilize there.
Breaking. ETF green light is already priced in.
It has not been approved by the SEC as other have mentioned. This is only Nasdaq’s public announcement that they are ready to list. These are the real dates for the approval or rejection.
And that's the "problem" for me. It's not actually greenlighted, but I believe everyone and their trading mom is pricing it in, the eventual go ahead shouldn't really do much. Unless the SEC itself makes a big deal out of it or provide commentary on why they approved it and actually said something nice about Bitcoin (but that's just my non-technical reasoning).
Not so many hours left to a possible decision.
Agreed, as antagonistic it may sound. I hope I am wrong on this, however, this might be the market doing a move similar to buy the rumor, sell the news. Also, I asked this but no one answers, will Gary Gensler approve an ETF for bitcoin if we base the decision on his latest comments on the cryptospace?
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