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Topic: [Discussion] Bitcoin Spot ETFs - page 3. (Read 739 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
September 03, 2023, 01:52:30 PM
#4
So now with them missing the first deadline, the next one will be next Month (the 17th of October). Your thoughts on this? The good, the bad, the odds of getting approved?

That ARK is either way going to get screwed.
BlackRock will have its chance by October 17th, if this one gets delayed the rest will just be again trashed, if it gets a positive nod then ARK will have to wait in the shadows till November 11th despite being like what, two years earlier to this circus of delays and promises? Cathie Woods is probably at the end of her nerves with this, if Baclkrock gets in first it will completely eclipse everyone else.

For 'the bad" thing, are we still cheering for Wall Street money or do we go by the not your keys, not your coins?
Depending on how you look at it it's both good and bad at the same time, the profits will be there, and the idealistic world is probably on its deathbed, after all, it's all about what you want from Bitcoin, it's a bunch of code,  you use it as you see fit or you just stop it and look for something else.

Because if we see only the USA as having a good or bad vibe on the market currently, I think it has become the new China for crypto.

China was banning Bitcoin, the real deal, the SEC is deciding on IOU pieces of paper that might be backed by Bitcoin.

hero member
Activity: 1414
Merit: 670
September 03, 2023, 01:36:45 PM
#3
We all know ETFs are not going to be accepted anytime soon, or I am wrong about all of us because I have this idea that they will approve the ETFs after the halving of BTC because after halving a small dip comes and they might want to accumulate more BTC there too, so in that plan they will not approve the ETF.

I know that by saying this, I am directly saying that those who applied for these ETFs are in collaboration with the SEC, and they are all playing some dirty game here, but the thing is, the hype of ETFs and their adoption has gained so much attraction that it might become a place for monopoly. Because if we see only the USA as having a good or bad vibe on the market currently, I think it has become the new China for crypto.

My personal thoughts have already been shared, but things are still blurry because if they really are accumulating BTC, then one thing is for sure: at some point, their ETFs will get approved, and they knew that because that's why they are accumulating.
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
September 03, 2023, 10:21:31 AM
#2
From what I've read from law people on Twitter: chances of getting approved is great(especially for BlackRock's iShares Bitcoin Trust). It's just highly likely that the SEC is going to kick the can down the road for now and delay it further especially after Barry Silbert's GrayScale rules in favor against the SEC.

But then again, while at least one is highly likely to be approved in the future, no one knows which deadline.

P.S. I don't know how accurate this is as I know nothing about what the process of approving these things are.
staff
Activity: 3500
Merit: 6152
September 03, 2023, 10:13:32 AM
#1
With all of the talk about Bitcoin Spot ETFs lately, I thought it would be a good idea to make a topic so we can discuss them.

This right here is the SEC's deadlines to issue a decision about the different ETFs (Source: BeInCrypto[1]):



So now with them missing the first deadline, the next one will be next Month (the 17th of October). Your thoughts on this? The good, the bad, the odds of getting approved?

[1] https://beincrypto.com/full-list-spot-bitcoin-etf-applications-deadlines/
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