Topic: Do you actually think a Bitcoin ETF will be accepted this month? - page 4. (Read 794 times)

If none of the current ETFs are approved, it would be a major blow to the industry and it would break a lot of hearts. A lot of people started to believe again in a Bitcoin ETF this time because of the caliber of orgs pushing for it this time. If it turns out to be a failure, there's no telling what's going to happen. We can already see what the excitement about the pre-approval already, that's why I have my fingers crossed.

This is looking like a now or never kind of situation. A Bitcoin ETF + Halving — what a time it would be to be alive.

I can't say if this month the other applicants for the spot bitcoin ETF will be approved; the SEC may delay it for a while, or it could also be this month that they have approved something. I'm not sure.

But the only thing I'm sure of is that they will approve some of these applications, because it is unlikely that they will approve anything because the Sec will surely face a big problem if they reject it this time. That's all I know about that matter.

I'm also not so sure about this, but I think it's the SEC that has the power over this. It's the SEC that set all those deadlines in the past. But it's also the SEC that extended those deadlines and delayed the decisions. This January 10 deadline is also coming from the SEC, so my hunch is that they could once again move this deadline to a later date.

I'm not sure how many times they can move the decision dates. But if this is the deadline of all deadlines, then they could easily say no, and they have all the reasons to do that. But, of course, this doesn't preclude the same players to once again file revised applications.

Well, I was very positive last year that bitcoin ETF will be finally approved, but upon seeing a lot of news circulating online, I think bitcoin ETF will not be approved this time, or it may have the chances to be approve but in the later part. And whatever the outcome of the price of bitcoin due to disapproval if ever, I won’t be totally affected since I still focus on my goal on hodling bitcoin for long term. Bitcoin will still be bitcoin no matter what, it’s potentials to keep on surging will always be there, but only needs perfect timing for it to be done.

The other 50% said this would be rejected, and those who said it just had a pessimistic attitude about how Bitcoin was evolving.
when the ETF News was postponed until Q2 2024 this already gave a negative perspective that Bitcoin will not be accepted, so the Price crashed,
but look how now, Bitcoin Price is recovering, LOL.

Talking about ETFs is very sensitive to the price of Bitcoin, but we'll see how the biggest drama about these ETFs will end.
Big companies or big players will certainly drive the narrative that Bitcoin ETFs will be accepted.
We will see the Bulls breaking through the new ATH when a Bitcoin ETF is accepted.

Imo it's a 50/50 chance although I'm slightly more inclined to an approval rather than a rejection. The reasons being that Bitcoin is now a more mature asset compared to 2017 (6+ years in the making) and also the fact that we now have the biggest players pushing the ETF narrative for Bitcoin this time rather than a crypto native company. In any case, I will miss the Bitcoin etf ads especially this one from Bitwise  if the ETFs are rejected this month.  

While it is not yet approved, the chance is always there that it might get a decline. I'm okay whichever comes as the result.

But with all the SEC talks and meetings with different institutions, exchanges and the ones involved with the application. Does it makes sense to think that there's actually a positive progress?

That's what I think if I'll be basing on those movements.

If bitcoin ETF will be approved this month, then we will see bitcoin price increase in the following days. But as much as I want to see it, I also have this feeling that it will not be possible this month since a lot of rumors have been coming out that the acceptance might be delayed and most probably, we will see bitcoin price in dips again.

Well I have no issues seeing bitcoin price drops again because as long as volatility is present, we will always see and experience price fluctuations. While it could be a threat for those who are greedy to gain an income, but it will also serve as a big opportunity for those who have plans to enter the market while price is still in dips.

so the SEC in 2024 has met with the stock markets (NYSE, CBOE, NASDAQ)
https://www.nasdaq.com/articles/sec-to-finalize-comments-on-spot-bitcoin-etfs-with-stock-exchanges-today

also the applicants have filed extra 8-A filings today in regards to registering securities under 12(b) category

which a quick google says

so things are moving very very close
vaneck https://www.sec.gov/Archives/edgar/data/1838028/000093041324000030/c107594_8a12b.htm
grayscale https://www.sec.gov/Archives/edgar/data/1588489/000095017024001501/btc_form_8-a12b_1.4.24.htm
fidelity https://www.sec.gov/Archives/edgar/data/1852317/000119312524001377/d582196d8a12b.htm
ark21 https://www.sec.gov/Archives/edgar/data/1869699/000119312524002254/d647221d8a12b.htm

We can't assure but never been hopeless for that to come. We have to give them time to study the situation as I believe they have a plan for it but yeah, if the SEC leaders are against Bitcoin, we could expect delays of approval or the worst is rejection.

That is why I'd never choose to think about it now and then as something will disappoint me. Better I hear the news about the date of approval rather than hearing "soon" because that is possible it never happened.

The US doesn't force any of their institutions to do something out of their minds. So the SEC Chair, Gensler, isn't under any pressure at all. He could decide whatever he wanted. Since he personally hates Bitcoin, he is constantly delaying Bitcoin ETF approval. I believe Gensler still hasn't decided anything but wants to collaborate. The court hasn't forced him to approve ETF; the court just says there is no restriction if the SEC wants to approve it. So at all points, the Bitcoin ETF fully depends on SEC Chair Gensler. There are rumours that we may get ETF approval news very soon or this week. I wish it could happen.

I honestly don’t see it happening this month but probably within the next quarter or even the year end. But whether its happening or not, I’m not really into it. Since I believe that even if ETF approval will be delayed, bitcoin will still continue to perform normally and will continue to gain new all time high. Bitcoin will still be highly volatile, and even if bitcoin value drops, it will create a bigger opportunity instead for those who cannot afford to invest in bitcoin when the price is ultimately high.

I think ETFs will be approved, but whether they are approved or not, I don't like the fact that the increase in Bitcoin price is being treated as if it depends only on ETFs. Everywhere I look, I see ETF news and there is a perception that Bitcoin is only focused on ETF news and that Bitcoin will not move forward without ETFs. I don't find this situation right.

The approval of ETFs is something that the market expects and wants. We all want the price to go up, but it would be a mistake to attribute the rise of Bitcoin to one thing.

The expectation is that ETFs will be approved and the price of Bitcoin will rise. It may be useful to take every possibility into account.

They knew exactly what they were doing, but thought it would have a much smaller impact, maybe a $1k reduction in price, but there weas too much leverage on the market and when it started falling all the leveraged sheep went down together. They probably did not expect the move, I give them that, but they knew what they were publishing and they published a positive report first, the price kept going up, so they made a negative one to pop the balloon. Jihan Wu was often involved in shady stuff so this doesn't surprise me.

Interestingly Jihan Wu, founder of Marixport tweeted about this, saying that realeasing and wide spreading of that report wasn't planned, and that they have no control over it. As their analysts work intependedly. It's good that they cleared that up, but i guess, as it affected markets, i guess they needed to say something in case of legal backslash.

https://cointelegraph.com/news/matrixport-founder-says-dissemination-bitcoin-etf-report-beyond-our-control

But now that i have thought this overnight, while approving it would be good for bitcoiners during next few years, it might be a a double sided sword, as if government approval brings bitcoin to new heights, the financial value of decentralization would be highly dependable on the governents which it was designed to be resilient to. I would rather see bitcoin growing without any permission or approval.

From all positive indication I think Bitcoin ETF will be approve soon with all the series of on going meetings by SEC with the major stake holders in the financial market clearly shows a possibly approval is on course but might not be immediate SEC might seek for more time to make some recommendations before final approval though all eyes is set to January 10th when the announcement by SEC would be made even if approval would be extended the price of Bitcoin might experience a minor correction, however Bitcoin is unstoppable for now with upcoming halving later in the year I believe it price would remain bullish.

Not sure if its going to be this month, next month or in half a year. But what I am sure of, is that it is eventually going to get approved. Anything pushing the market down is pure market manipulation from whales and their media friends so that they can buy some cheap Bitcoin off of the gullible panic sellers. Honestly, I would not be surprised if the SEC is working together with the whales to fill their pockets before Bitcoin starts mooning to 100k. I do not want to believe it, but who knows what will happen in this shady, corrupt world of ours...

Either way, the best option is to hodl.

That's definitely a possible outcome. Gensler could reject them and just make new excuses saying at least they actually took the applications seriously this time instead of just completely rejecting them out of hand without a thought.

I think it comes down to how much pressure is on Gensler. If Gensler feels like he can get away with rejecting them he will because as head of the SEC he has always made it abundantly clear he wants to see Bitcoin and crypto rejected from American society. BUT, if he feels like he is going to be under major political heat and the SEC is going to be under major heat from the courts by rejecting them then that's the chance that we have for an approval.

Impossible to say which way it'll go because we don't know how much pressure Gensler is actually feeling. It may be that he feels some pressure but won't give in now, but after another round of rejections the pressure on him will get a lot more intense and force his hand later this year or early next year. Cuz I think if the SEC rejects them then Gensler is definitely going to be dragged in front of Congress in the near future to get hardcore grilled about why he is continuing to arbitrarily standing in the way of a Bitcoin ETF out of his own personal bias. Or it could be he has already been feeling significant pressure since last Spring and he is planning to allow the ETFs to go through so that he doesn't get his butt kicked by Congress again, which is why we're seeing the SEC actually engage seriously with these applications and the respective parties involved.

In my personal opinion, I think yes Bitcoin ETF will be must accepted but if you ask when will it be happen in this month I will say not sure may be or not. However, it is heard from various sources that ETF Bitcoin is going to be accepted at the beginning of this year, but it is also true that they have been promoting this same thing for more than 5 years. But anyway, I think this time information can be trusted a little.
Although many SEC officials have been speaking out against cryptocurrency at various times, ultimately I think they will have to give it approval, either today or tomorrow. But I hope we will see some final announcement in the first quarter or second quarter of this year.

It looks like there will be another ETF delay this month. That's what happened before. Who knows when the ETF will be approved so that it could provide an impetus for Bitcoin prices to increase. But looking at the odds, the ETF will be approved who knows when.

It's best not to think about ETFs too seriously because we might miss something interesting this month (if anything). And when the ETF is postponed again, there is a possibility that the price will experience another correction. Prepare your money to buy more Bitcoin.

But if an ETF can be approved, whether this month or next or another, that could have a positive reaction in the market. It may immediately push the price of Bitcoin to increase higher before the halving. Let's wait and see what will happen this month.