Topic: Do you actually think a Bitcoin ETF will be accepted this month? (Read 826 times)

It has definitely strongly impacted the price, but if you look at the volatility there is also a segment of the market that tried to be contrarian traders and attempted (and failed) to create a "sell the news" event. Price bounced down to $44/$45k twice immediately after the approval so some of the price pump was just bringing it twice back up from those drops.

And now price a few minutes ago went over $49k, though back to $48k now. And it hasn't even been 24 hours since the approval. ETFs start trading today, likely soaking up at least hundreds of millions if not billions of dollars in the coming days. Price is likely going to pass $50k soon.

Not really that surprising that price is very volatile around the event itself. There was definitely uncertainty about what the market would do immediately from the event. Now that its clear the price is pumping and the contrarian sell-the-news traders were beat out I think we'll see a steady rise a few thousand dollars higher which will show the immediate effect of the ETF, pumping the price from the $42-$46k range likely to low $50,000s as the short term effect, which is obviously a good short term result considering that the price had already strongly pumped recently in anticipation of the approval.

Not the immediate >$50k effect that I expected personally, but given the large segment that tried to crash the price it is pumping well and $50k will likely be getting hit by next week I would guess.

Of course the major effect of the ETFs will be long term as tens of billions of dollars of capital comes in through that avenue to soak up bitcoin supply.

I guess that the approval impacted the price, but not as much as most people expected. Yes, we can observe some rising up, but it could also be due to the general bullish environment right now, not precisely thanks to the SEC`s decision. However, I believe that it is too early to make uo our minds about this case. We have to keep following the news and their impact on the market.

It is not yet clear that what will the act of SEC about the approval of bitcoin ETF but as few days ago there were negative news arise about bitcoin ETF approval so it negatively impact the price of bitcoin as a consequence of which altcoins were also effected.

I think shortly the SEC will approve Bitcoin ETF because chances of approval are more according to predictions. Now the bitcoin price is 45k$ so when approval of ETF gets confirmed then the price will soon goes to more higher value but still there is no information that when it will be approved by SEC but still we are in good hopes as this approval takes longer timing than expected.

People are expecting an approval to be announced late this after.

Market is going down a bit, I guess probably the fake announcement yesterday muddied the waters and made people suspicious.

The most talked about topic at the moment is Bitcoin Spot ETF Approval. Bitcoin Spot ETF will be approved this month and it is not good to be sure as the Bitcoin Spot ETF approval date has been set several times before but the date has been changed several times by the US SEC Govt. Bitcoin spot ETF approval was also supposed to happen yesterday but actually this date has also been changed. So for now, it is not sure whether the Bitcoin Spot ETF will be approved this month, but the Bitcoin Spot ETF will be approved by 2024.

I don't think anyone will believe that their account was hacked , everyone knows the truth about this fake story but we can't do anything other than listen to their explanation of what's going on . Not only you , there are many opinions that this fake news will become the reason for them to continue to delay the approval of ETFs. But we don't have to wait until next week, today is January 10 and we will have the final results today . Let's wait and see what the SEC decides in the end . Personally, I am a long-term investor and I still have more than 30% USDT left , so whether they approve or disapprove, I will accept them my way .

The ETF story is getting too long and frustrating, if they want to approve it, let them do it, and if not, they should let us know. The issue is that the SEC is anti-crypto, but knows that it will be in the eye of the storm if it rejects it since a court has already sided with it. But since they knew it was going to be rejected, they are trying to dodge it, that is what I see in this. But for how long?

However, I heard that if postponed again, it can't be less than 4 months, if not 6 months which might still affect some post-halving sentiments.

I wouldn't call these crypto-friendly hackers but nuisances and manipulators. I wonder what they were thinking if not for their pocket alone. They can't be crypto-friendly hackers and manipulate the market in such a way that it can't last, they will rather leave it to fight for itself if their intention is good towards Bitcoin.

Even if the SEC would approve it eventually, it can't first be known on the X platform, never.

The incidence that happened yesterday has made me develop some doubts about the Bitcoin ETF approval. While some people may see it as actually activities of hackers, a part of me thinks it is all plans of the SEC to postpone the ETF approval as usual. I can be wrong though but this is a possibility that will become clearer next week.

If the ETF gets approved next week, then I will believe the incidence was a hack else it will be confirmed that it was an intentional development deployed by the SEC as reason for refusing the ETF approval. This is my opinion and I know we are few in this line of thought.

This ETF decision has become a sideshow. Bitcoin never sought traditional financial system approval. Bitcoin survived without ETFs, right? Bitcoin is decentralized, unlike traditional financial institutions. Whether the SEC approves or not isnt the end of Bitcoin.

Bitcoin's power comes from its community and shared belief in its value. Its about a fundamental change in money perception and use independent of established financial frameworks. Thus, "fuck ETF," represents Bitcoin. Its about breaking new ground, not following market systems.

ETF rejection could lead to dumping, but I see it as an opportunity. We can strengthen our Bitcoin positions at better pricing. Bitcoin's long-term objective should be prioritized over typical market volatility. We believe in a decentralized financial future without public consent, so we hold onto our Bitcoin.

They just release a rumor regarding its acceptance but I'm actually half believing that it will be accepted and there's some part of me doesn't believe that it will happen now since those people just use it to influence people regarding on what they want to do. And ETF denial is one of their ways to make the market move on the direction they want so they can accumulate or whatever they like from it. We should need to prepare for dumping stage to happen especially that there's a huge chance that it will get denied the same on other submissions made. Bitcoin is not well adopted and there's few country declare it as their legal tender so no wonder that officials will deny it since they might not see a strong demand for this coin.

I think many investors are eagerly awaiting the approval of a Bitcoin ETF. However, there is skepticism and concern surrounding the potential impact of Bitcoin ETFs on the market. Some believe that a Bitcoin ETF could lead to increased volatility and speculation,Others argue that it could legitimize Bitcoin as an asset class, that it would represent a step toward greater integration and acceptance of cryptocurrencies in traditional finance, which could lead to new opportunities and growth for the asset class. Overall, the approval of a Bitcoin ETF in the market is a hot topic and is generating a lot of discussion and debate.

I think it will be accepted in the end, but whether it really is accepted this month I doubt it, the SEC will make a drama out of this Bitcoin ETF by playing on the psychology of investors to create a fear effect on the SEC and say that they are a superior institution over the market crypto trading. From the start, I didn't really care about this Bitcoin ETF because whether it existed or not, Bitcoin would still grow, only speculators wanted this Bitcoin ETF to exist.

While many investors around the world were waiting for the SEC's ETF result regarding BTC, what happened yesterday was a complete comedy.
When the news broke that the SEC had approved the ETF in account X, BTC quickly rose to 48 thousand.
I think this is officially speculation and how could a large organization like the SEC hack account X? It is wondered whether a million-dollar profit was made in such a short time.
That approval will definitely come, but investors should not be victimized by such news.

When? Noone can actually tell that, unless he is some kind of a fortune teller lol. But the question, most of the time is, wheter or not will it be accepted... The answer is simple. IT IS INEVITABLE!

We all expect that scenario to happen and it will help bitcoin grow better, but we should not be too subjective and need to prepare for a bad scenario because no one knows what the final decision of the SEC will be. 
As for me, I'm not too concerned about this event because I think that even if the SEC approves etfs, it won't help bitcoin reach a new ATH, and I won't sell my bitcoin if it hasn't reached a new ATH yet. In case etfs is rejected and dumping occurs, this will be an opportunity for us to continue accumulating bitcoin at a better discount.

Well actually it is 27-47k run mate and yeah a 20k increase is not to be questioned so we had enough even if this ETF denial brought bitcoin fall again then this will be our privilege to buy more again when this over.
it may come in the coming years but the world of crypto will continue progressing what we have had over the years.

I think that the SEC decision is going to be postponed for God knows when. Maybe February or maybe several months.
I wouldn't view it as a tragedy if the Bitcoin spot ETF gets denied. It was a nice bull run from 27K to 45K, caused by all the hype around the BlackRock Bitcoin Spot ETF. The price will crash back to 30K or 20K and we shall keep waiting for the post-BTC halving bull run.
I guess that some crypto friendly hacker got access to the SEC X account. Hackers are on our side. This is a clear sign that we will win the battle against the government.

Tomorrow is the big day. At this point I am quite confident an approval is coming.

I don't know why you think that the ETF approval has nothing to do with the market. Good, the market might pump without it but what happened in a few months where the price of Bitcoin pumped so well is attributed to the ETF, which is why I know that the approval or rejection might affect the price of Bitcoin, so you should get ready for it. The only thing is that it might not be as much as people think as the drama around the approval or rejection is enough reason for the market to be tired and get confused when they actually make a decision or even postpone the decision.

But no matter what happens, even with the postponement, the market will react decisively, and I even suspect that postponement would make Bitcoin fall because the market would read it as a disappointment, and in turn, Bitcoin could fall massively in the wake of the news before it stabilizes again. This is not hype as you called it, the market dynamics and psychology are real and what many are interpreting to it are real as the market can't be idle when such a big event that is important to the advancement of Bitcoin is being pursued and mentioned. Only that people might have overexaggerate things, yet the effect will be felt just as it has been felt.

1 day left for the US time zone (utc -5)

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i've started noticing a wave of people eagerly anticipating the SEC announcement. Numerous predictions are popping up on my social media feed, ranging from a bearish market if it gets rejected to price predictions if the Bitcoin ETF is successfully approved. Perhaps many will be closely monitoring the Bitcoin market in the upcoming days.

Regardless of the outcome, I don't have any intention to sell BTC for the next few days. Whether it's accepted or rejected, I haven't made any plans to make a decision. Just a reminder for everyone not to easily succumb to FUD before the official announcement is released. If you're planning to make a move, get your funds ready on the exchange starting now.