Topic: Finally ETF approved - page 2. (Read 462 times)
It was really good news for the crypto space that ETFs gave bitcoin approval. Although just yesterday we saw fake news spread saying someone had hacked the SEC X and just then the price of Bitcoin skyrocketed. Then later again we saw correctly that actually it was hacked by a person and published such news which caused the selling price to drop but then again the price of bitcoin went down a lot. Anyway, what we saw later today was a great day to officially offer an ETF Bitcoin approval, which was really interesting for all investors.
This is indeed the biggest moment for the crypto space and will open the floodgate for more liquidity to melt into Bitcoin, furthermore will bring regulatory clarity for Bitcoin and the entire cryptocurrency market, There is gonna be a massive liquidity event ahead of us because of this news, I wonder why the market didn't react very crazy immediately after the approval. Now the next online is gonna be Ethereum Spot ETF approval too,
At least the approval has ended the speculations. The Bitcoin space has been busy discussing the spot Bitcoin ETF for a long time and I am happy that it has been settled. It will attract more more but also greater centralization. The privacy features of Bitcoin will gradually receive less attention because these institutional investors have the funds to engage in massive awareness that will attract investors to join the space through third parties. The market didn't react massively because of the earlier X announcement that was later debunked by the SEC. It might be possible that many investors doubted the current news. The worst part of it was that the SEC website that contained the approval document went down immediately after that announcement. Investors might suspect that the regulatory body might come up with another news that the website has been hacked. Therefore, many investors were cautious, however, the price might keep increasing these few days.
The speculators will be celebrating with this news, but the real Bitcoiners will know that it is a sad day for Bitcoin.
Large Fiat rich centralized financial investment firms will now buy bitcoin in large quantities and this will increase centralize ownership of bitcoins.
These companies are purely driven by speculation and profit and not using Bitcoin as a currency. (Satoshi's ultimate goal for this technology)
Large Fiat rich centralized financial investment firms will now buy bitcoin in large quantities and this will increase centralize ownership of bitcoins.
These companies are purely driven by speculation and profit and not using Bitcoin as a currency. (Satoshi's ultimate goal for this technology)
Tomorrow will be the big deciding factor if we go to a new ATH or not.
After the market closes we will see the total flows into all these etfs. If it’s a small amount like $10M then we will get a massive dump.
But if we get like $4B of flows like predicted then we might have a crazy 20% day. Similar thing happened with BITO. It had a great flow on the first day and then it died down and hence why the sell off started.
After the market closes we will see the total flows into all these etfs. If it’s a small amount like $10M then we will get a massive dump.
But if we get like $4B of flows like predicted then we might have a crazy 20% day. Similar thing happened with BITO. It had a great flow on the first day and then it died down and hence why the sell off started.
This is indeed the biggest moment for the crypto space and will open the floodgate for more liquidity to melt into Bitcoin, furthermore will bring regulatory clarity for Bitcoin and the entire cryptocurrency market, There is gonna be a massive liquidity event ahead of us because of this news, I wonder why the market didn't react very crazy immediately after the approval. Now the next online is gonna be Ethereum Spot ETF approval too,
ETF approval doesn't mean bitcoin or the entire market has to explode soon after. Everything takes time, just like when the halving happened, it took a while for the bull season to arrive and bitcoin to make a new ATH. We are investing, not gambling, and we should not be disappointed when things don't work out immediately as we expected.
Cryptocurrency is still a financial market and things have never been easy to predict. Furthermore, don't forget the saying "buy the rumors, sell the news", so the market may be dumped, don't expect a boom during this time.
It's here. Finally! This is another milestone for Bitcoin. This is actually huge. Notwithstanding the non-reactive price, as others might have expected an immediate spike once the approval is released, this is actually a significant stamp on Bitcoin's legitimacy. The full effect of this will reflect on the price, and adoption more importantly, a bit gradually.
It's incredible how Bitcoin started as a nerd currency, then as a currency of criminals, and then it was eventually acknowledged by companies, followed by countries, and so on. And now even the hesitant SEC in the US is seemingly left with no choice but to acknowledge it as well. The future is now even brighter.
It's incredible how Bitcoin started as a nerd currency, then as a currency of criminals, and then it was eventually acknowledged by companies, followed by countries, and so on. And now even the hesitant SEC in the US is seemingly left with no choice but to acknowledge it as well. The future is now even brighter.
This is indeed the biggest moment for the crypto space and will open the floodgate for more liquidity to melt into Bitcoin, furthermore will bring regulatory clarity for Bitcoin and the entire cryptocurrency market, There is gonna be a massive liquidity event ahead of us because of this news, I wonder why the market didn't react very crazy immediately after the approval. Now the next online is gonna be Ethereum Spot ETF approval too,
Gary Gensler's tweet was giving a negative signal or suggesting that the approval would not take place, in addition to denying yesterday's tweet and saying that the account had been hacked. Perhaps all that was happening was that the employee had announced the approval before its date, but why did the price not react positively to such news? I was expecting a continuous rise during the first two hours to break $50,000 but we are still far from $48,000.
Yep! This time it looks for real!
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Yesterday's news was fake, SEC twitter account was hacked. Which is why that news came out of the SEC Twitter but it was actually just a short time ago today that the Bitcoin ETF was approved. I was waiting for this time I thought the price of Bitcoin will continue to rise but no Bitcoin has reached a maximum of 47k.
futures traders have contracts for max price $47k, they dont want the spot to breach $47k until their contracts win. so are using another stash of coin to arbitrage spot market until their contracts fill. then we may see some spot price progression not being walled by whales
Yep! This time it looks for real!
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Yesterday's news was fake, SEC twitter account was hacked. Which is why that news came out of the SEC Twitter but it was actually just a short time ago today that the Bitcoin ETF was approved. I was waiting for this time I thought the price of Bitcoin will continue to rise but no Bitcoin has reached a maximum of 47k.
Yep! This time it looks for real!
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Trading will be open only tomorrow and perhaps then the market will react fully. During this day, anything can happen and the securities commission will change its mind at the last moment or make changes. It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Yes, you are right, yesterday’s tweet ruined the mood of many and the market reacted instantly to that that the news turned out to be fake.
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While I was writing this message, the market had already reacted and everything was already green.
I think that yesterday flushed out a bunch of people, first with the spike up, then with the drop. In hindsight may have been a positive, although the incompetence at the SEC is astounding for people who think they are "protecting" people when they can't do something very basic.
The approval.
sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Link is down, but here is an screenshot:sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
This link is working, for those who want the SEC site:
https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf
I suspect the original was a temporary link and it was renamed. But who knows, it could've just been incompetence on the SEC's part.
Yep! This time it looks for real!
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Trading will be open only tomorrow and perhaps then the market will react fully. During this day, anything can happen and the securities commission will change its mind at the last moment or make changes. It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
Yes, you are right, yesterday’s tweet ruined the mood of many and the market reacted instantly to that that the news turned out to be fake.
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While I was writing this message, the market had already reacted and everything was already green.
It is a big news in the industry, though a lot of bitcoiners already predicted that this was going to be the outcome after all the events in recent months pointed towards an approval, now we can experience how the market will react to this news, a lot of people think it will be positive and there's really no reason to think otherwise. Now i don't believe that the sec's X account was hacked yesterday when they posted that spot etf's had been approved, maybe they just mistakenly posted it a day earlier 
.
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This is an exciting time for Bitcoin and the entire Bitcoin community although this is not the first Bitcoin ETF since we already had other regions whose regional laws already hards some ETF spots for quite a while down Canada is one of such country.
But for those in the United States this ETF approval is quite an exciting development for them and let's see what impact this will have on the price of Bitcoin in the coming days
But for those in the United States this ETF approval is quite an exciting development for them and let's see what impact this will have on the price of Bitcoin in the coming days
It’s indeed a good news which is worth to be celebrated, and the news of the approval just came as predicted by most analyst who have predicted the approval news to announce just on the 10th of January and any further delay found result to it getting rejected again, but it’s a good thing the news came out positive as many of us have expect, it another achievement which will make way for more exposure for bitcoin.
Yep! This time it looks for real!
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now. That was likely the intention of yesterday's "hack" of SEC's twitter account.
The approval.
sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Link is down, but here is an screenshot:sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
The ETF has in fact been approved as of about 20 minutes ago. Impressive that we have come so far. When I got into Bitcoin you would have been laughed at for suggesting that such a thing could even be possible down the road. People had timelines of 2050 and a price of a couple grand as possibilities. Everyone has been impressed with how strong our movement is. In a lot of ways, this is the end game for what people thought was possible for BTC. Next up, more countries adoption Bitcoin as their currency.
I also read the news and now, it’s actually happening in real and not just fake news like what we used to read prior to this day. There are no more rumors anymore as SEC has finally approved bitcoin ETF, and we’ll expect that after this approval, we will start to see bitcoin price to surge higher in preparation for bitcoin halving.However, bitcoin price drops is still possible to happen but instead of dealing on it negatively, I think it’s also a smart move for us to accumulate more bitcoin so we can gain maximum profits when bitcoin bull run is already happening.
Next up, more countries adoption Bitcoin as their currency.
We've seen some that have already done it and yeah, that's likely the next thing to come for Bitcoin. So, I tried to look for other sources and I just found one from reuters of the many.~ US SEC approves 11 spot bitcoin ETFs
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