Etf news is all over the place yet there is no single bitcoin spot etf is approved by the sec.
In my opinion the adoption of bitcoin in the etf wrap is good to push even more adopter and people who curious about the crypto but it seems the sec won't approve it until the final deadline 😭
And other news is that the vanguard dont want join the bitcoin etf if the vanguard join i think there will be something in sec
Vanguard CEO Tim Buckley said that the asset-management firm will not join the spot bitcoin ETF just like other firms like BlackRock and Fidelity. I see it as the personal decision of the company and that's their business. For now, we are focusing on the outcome of the application of other asset managers that are interested in bitcoin. In my opinion the adoption of bitcoin in the etf wrap is good to push even more adopter and people who curious about the crypto but it seems the sec won't approve it until the final deadline 😭
And other news is that the vanguard dont want join the bitcoin etf if the vanguard join i think there will be something in sec
All the large speculators who bought their bitcoins and are waiting for the approval of the spot ETF are already rubbing their hands with the expected profit. The most ideal time for this is the period before the halving and if a manipulator is present in this market, then the SEC will approve spot ETFs.
In other countries, these funds exist and honestly are not in great demand.
Next year will be the perfect time for the SEC to approve the spot bitcoin ETF since it will coincide with the halving. Although there is no valid information from the SEC but from speculation and predictions, the SEC has little or no reason to deny these applications. I am also one of the spectators who is patiently rubbing my hands waiting for my profits In other countries, these funds exist and honestly are not in great demand.
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