Although the news fills the headlines, I do not see that there is enough enthusiasm to match the size of the news. Even the price movement of Bitcoin was not greatly affected, and there are no other events occurring simultaneously or of the same degree of importance.
The Chairman of the Securities Commission has announced that issuing this approval decision does not mean accepting Bitcoin at all: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
I think he didn't really mean what he said because approving the listing and trading of Bitcoin Spot ETPs explicitly means recognizing Bitcoin as the source of value upon which these products were approved. It seems like a statement for media consumption rather than an expression of the real position. This also reflects the attempt of the Securities Commission official to issue a decision that satisfies all parties, that is, he announced approval of the listing, driven by the strength of public opinion, and at the same time he announced that this does not mean accepting Bitcoin (a media statement as we mentioned), and that is to satisfy the faction that rejects the listing decision. And who consider it a danger to the financial market as a whole.
Topic: Finally ETF approved (Read 462 times)
As we all already know Bitcoin ETF has been approved, this move provides a regulated and more accessible way for investors to invest in cryptocurrencies, potentially leading to more widespread adoption and mainstream use of the digital currency. I feel that the creation of Bitcoin ETFs can contribute to increasing liquidity and price stability in market, as well as reducing some of the barriers to entry for investors who have been hesitant to invest directly. Overall, the approval of the Bitcoin ETF by the SEC represents a significant milestone for the cryptocurrency industry and could have a positive impact on the market as a whole.
Accepted 
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
It is not approved yet, if the SEC approved bitcoin ETF, it will first appears from their official release and most reliable news media will take it up, so seing this alone is not convincing that they have made the approval, it may just be one of the ways people may try to use in raising fake alarms, to make the market price rise or change just to get something done for their own personal interest, but till date, no approval made yet.
What The F Are You On About?
The SEC has approved eleven new Bitcoin ETFs that are already listed on the NYSE Arca, Cboe BZX, and Nasdaq exchanges.
https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf
Well now that us has approved Bitcoin ETF, probably a very bad time coming for physical Bitcoin holders. Since us has now made the attempt to provide a regulated investment vehicle for Bitcoin, I foresee more stringent rules and punitive measures coming out from IRS for the physical Bitcoin holders.
I can see the market has already started responding to this news. Let's see how it goes for the physical Bitcoin holders in US. I do not have a great feeling about it.
I can see the market has already started responding to this news. Let's see how it goes for the physical Bitcoin holders in US. I do not have a great feeling about it.
Accepted
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
It is not approved yet, if the SEC approved bitcoin ETF, it will first appears from their official release and most reliable news media will take it up, so seing this alone is not convincing that they have made the approval, it may just be one of the ways people may try to use in raising fake alarms, to make the market price rise or change just to get something done for their own personal interest, but till date, no approval made yet.
Bitcoin ETF is the reason why Bitcoin price is increasing to the highest level. That's why the holders were waiting for this and the holders got huge benefits. The Bitcoin market is seeing high momentum and can predict that it will definitely touch 50 by today.
At the moment, the price has made a clear upward move as a result. We will see how this turns out, because it will be followed by a downturn in which many retail investors will lose money playing short term at the hands of the whales. In the medium term, this together with the halving I expect will push the price up quite a bit, although it may add volatility as well.
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)
After this news of bitcoin ETF approval, the market is now open to more speculations from most of this investors that will be buying bitcoins. A lot of whales will be increased and they will certainly play a vital role in speculating the market more now that they control some percentage of bitcoin that can cause change to the market.
This will affect the path which bitcoin normally follow to arrive at the bull run. This is a good term for short term investors because I don’t see this lasting long because most of them are coming for the profit, after they’ve achieved what brought them, there will be massive sells again and will bring the market back to normal until the event of the halving and bull run triggers the market again.
Yes it's been approved finally, but I am disappointed because this is not how I pictured the movement of Bitcoin after the ETF approval, there is nothing I can do about it though, since it's not in my power, but this approval is good on the long run, so maybe with time the market will start reacting to this approvals.
On the long run there will be much confidence in people to buy some Bitcoin, it's all good, but what will happen after the coming bull market is unknown, lets not forget how Black Rock loves taking over everything for good, I am sure they will cook something up in future.
On the long run there will be much confidence in people to buy some Bitcoin, it's all good, but what will happen after the coming bull market is unknown, lets not forget how Black Rock loves taking over everything for good, I am sure they will cook something up in future.
The drama ended happily. I'm happy, which means there will be another big surprise. But I hope this agreement is not revoked again. This means that there will probably be a lot of evaluation after it is unveiled. I hope a Bitcoin ETF will make its way open on other cryptos. This means that this approval will make investor confidence even greater. In addition, I feel very confident that the correlation of ETFs and halvings will later lift Bitcoin and other cryptos to have a better future. The SEC drama will continue to exist but it seems that they are just trying to continue to take advantage of the policies they make to continue to be profitable.
This is really a good news for Bitcoin enthusiast and the Bitcoin community at large, yesterday after the release of the news, it was seen all over that Bitcoin had some instant bullish moves and I believe a few persons were able to utilize that move to securing some funds into their account from trading and for those who were hodling they had their account size further increased, the next will be the long awaited and anticipated bull run which will cause the emergence of new Bitcoin millionaires.
By this SEC approval of the btc ETF, some more countries will begin the adoption of the usage of Bitcoin as a legal tender in their countries and this will further help the bullish move of Bitcoin.
By this SEC approval of the btc ETF, some more countries will begin the adoption of the usage of Bitcoin as a legal tender in their countries and this will further help the bullish move of 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.
We finally saw the news approved. 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 a little strange on the price reaction, maybe when the fake news was announced by the SEC twitter but in the end it will be hacked, but this time it's different even though it was approved but it's not the SEC who announced on their twitter so there's no price reaction, I just think maybe it's not the time yet.
Yes a little more cautious, although many say tomorrow there will be a bigger price reaction.
Yes it's been approved finally, but I am disappointed because this is not how I pictured the movement of Bitcoin after the ETF approval, there is nothing I can do about it though, since it's not in my power, but this approval is good on the long run, so maybe with time the market will start reacting to this approvals.
On the long run there will be much confidence in people to buy some Bitcoin, it's all good, but what will happen after the coming bull market is unknown, lets not forget how Black Rock loves taking over everything for good, I am sure they will cook something up in future.
On the long run there will be much confidence in people to buy some Bitcoin, it's all good, but what will happen after the coming bull market is unknown, lets not forget how Black Rock loves taking over everything for good, I am sure they will cook something up in future.
Quote
Yes, the Bitcoin ETF has been approved. I wonder what will happen after this. Will this immediately make the price shoot up, or will the price slowly creep up?
Blackrock expects $4B flow in. They have the ETFs preseeded, so there's only a spike on today's open when the demand is so high they're running out of BTC. That's a cooldown factor. Wait till stock market open!
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Even though Bitcoin ETF is not finally approved. But the title does not match with the news OP shared. I thought it was fake news because we have been seeing such fake news all around and the market movement as well. The previous fake tweets created a huge movement on the market but when the real approvals happened, we haven't seen any massive movement yet.
It's nice to know that US finally approved Bitcoin ETF. Now, if these companies start collecting Bitcoin from the market, it will affect the market. But, if they don't, there won't be any significant changes. But, I am positive with Bitcoin at this moment.
It's nice to know that US finally approved Bitcoin ETF. Now, if these companies start collecting Bitcoin from the market, it will affect the market. But, if they don't, there won't be any significant changes. But, I am positive with Bitcoin at this moment.
Yes, the Bitcoin ETF has been approved. I wonder what will happen after this. Will this immediately make the price shoot up, or will the price slowly creep up? Or the price will stay below $50k for a while.
This is good news for bitcoin because this is support for bitcoin to become even more popular. More and more people will see that many institutions and society finally support bitcoin.
As for the Bitcoin price, it has been trying to penetrate higher prices over the past few hours. From $45k to $46k and back to $45k over and over. Maybe a few hours later, there will be better progress than now.
This is good news for bitcoin because this is support for bitcoin to become even more popular. More and more people will see that many institutions and society finally support bitcoin.
As for the Bitcoin price, it has been trying to penetrate higher prices over the past few hours. From $45k to $46k and back to $45k over and over. Maybe a few hours later, there will be better progress than now.
ETF approval is excellent news. Bitcoin seems to have been accepted by traditional finance. Be aware that Bitcoin's strength never depended on this permission.
ETFs may attract conservative investors who were previously hesitant. Accessibility and familiarity matter. Imagine Bitcoin entering a new world where it can follow traditional finance norms while yet being revolutionary. Remember, Bitcoin's resilience and value proposition are unaffected by conventional financial instruments.
There's another perspective. Bitcoin's essential values and operation are unaffected by ETF approval. Simply a link between realms. Bitcoin's strength is that it is decentralized and can offer more financial freedom and security than standard financial systems. The ETF is a milestone, but just a tiny one in Bitcoin's quest to transform finance.
ETFs may attract conservative investors who were previously hesitant. Accessibility and familiarity matter. Imagine Bitcoin entering a new world where it can follow traditional finance norms while yet being revolutionary. Remember, Bitcoin's resilience and value proposition are unaffected by conventional financial instruments.
There's another perspective. Bitcoin's essential values and operation are unaffected by ETF approval. Simply a link between realms. Bitcoin's strength is that it is decentralized and can offer more financial freedom and security than standard financial systems. The ETF is a milestone, but just a tiny one in Bitcoin's quest to transform finance.
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)
It's definitely going to be that and I don't think that small investors like us will ever be able to keep up with this rich investors that will definitely want to hoard all of the bitcoin and there's no way that they're going at it little by little, they'll definitely want it all I'm sure of that and that's going to be enabled because we let this happen but I guess the potential profits is just too much for us to not be in the boat with this, I do hope that when things get worse for investors like us as ETFs become a popular thing, I'm already out of the market but had a lot of profits.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)
I agree with you two.
A lot of people are delighted about the news and saying we will all be rich as more Bitcoin is
bought up leaving the supply strained and demand high but they dont realise that when
they go to sell they will do so once, the opportunity to buy back will be gone at an
affordable price if there is even Bitcoin available. The big investors will have locked
them away for the super rich to hold their wealth in.
Bitcoin will become like a rare priceless artwork, not for the average joe/jane, perfect
to store wealth by individuals who may never need to sell it.
This could happen quite quickly, whoever wants to buy into rhe ETF's will want in at
the best price, thats now!
ETF approval is indeed a very big news or good news. I don't know if this is good news for those of us who work in Bitcoin. Because many are saying that ETF approval could have an impact on Bitcoin. This does not affect Bitcoin in any way.
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)
It's definitely going to be that and I don't think that small investors like us will ever be able to keep up with this rich investors that will definitely want to hoard all of the bitcoin and there's no way that they're going at it little by little, they'll definitely want it all I'm sure of that and that's going to be enabled because we let this happen but I guess the potential profits is just too much for us to not be in the boat with this, I do hope that when things get worse for investors like us as ETFs become a popular thing, I'm already out of the market but had a lot of profits. 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)
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 
.
. 
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
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
Trust units are not quite the same as ETFs as far as my reading goes.
It should be noted that ETFs can enable artificial creation of Bitcoin supply by the fund manager. No proof of underlying asset = paper bitcoin. I'm not bullish on this news for that reason...
Trust units vs. ETFs
According to the screenshot it doesn't say anything about ETFs, rather commodity-based trust units and an instrument that has ETF in the name, but that is a trust unit.
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.
Can you please provide a source link as nothing in this thread clearly says that Vaneck, Black rock, JPM, etc. Applications have been approved.
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.
too much fake ETF approval already. people wouldn't believe it anymore even when it comes from CBOE, SEC has the last word for it. investors will not buy until SEC confirms.
anyway, among them its VanEck ticker is the coolest of all HODL. BlackRock's ETF not yet starting so it reserved another day for a twitter hack.
ccto
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
Pass the news as seen. According to the article you shared the link, it's said they have listed the sport ETF tokens and it's ready to resume trade tomorrow, but this could only be possible if the SEC can give their final take on the ETF approval until it has been made official by the SEC (which I believe there is a higher possibility of it happening).
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.
The approval.
sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Pass the news as seen. According to the article you shared the link, it's said they have listed the sport ETF tokens and it's ready to resume trade tomorrow, but this could only be possible if the SEC can give their final take on the ETF approval until it has been made official by the SEC (which I believe there is a higher possibility of it happening).
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.
Accepted
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
Finally ETF got approved. I think this may not houx
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe
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