Topic: What do you think About the Shifting of Bitcoin ETF Approval - page 2. (Read 203 times)
It got people excited about it since it's BlackRock. The delay is disappointing while they are already buying.
Now that they delay the decision to be on 2024, I guess they figure it's too early to decide this year and it doesn't coincide with the 4-year cycle of bull run. SEC must have planned all these as well so we are right on time still.
BTC Futures Market approval on coinbase however was approved but it plunged the market down. This is how it affects the market when it's related to the Futures market compared to Spot ETF.
As I've said on here a bunch of times ever since people got pointlessly excited over Blackrock: no ETF is gonna be approved.
Not surprising if SEC is delaying decisions, they've done that many times before with bitcoin applications. They typically just delay Bitcoin ETF decisions and then when they can't delay any longer they reject them. Gonna be the same thing for all the current ETF applications. As long as Gensler is head of the SEC there will be no Bitcoin ETFs getting approved, which means we've got minimum 3 years before a BTC ETF unless Gensler somehow gets removed from his office.
Not surprising if SEC is delaying decisions, they've done that many times before with bitcoin applications. They typically just delay Bitcoin ETF decisions and then when they can't delay any longer they reject them. Gonna be the same thing for all the current ETF applications. As long as Gensler is head of the SEC there will be no Bitcoin ETFs getting approved, which means we've got minimum 3 years before a BTC ETF unless Gensler somehow gets removed from his office.
I think that ETF was deliberately postponed to make it closer to halving. In the meantime, there is a high probability of a dump. In August, crypto whale wallets transfer several billion dollars to BTC
You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath. I've been talking to some folks, and opinions are all over the place. Some are like, "This delay is killing the momentum. We need that ETF to surge the market!" Others are more cautious, saying, "Maybe it's good to take time and get things right. Quality over speed, right?"
And let's not forget the impact of the first US BTC futures-based ETF listing on NYSE back in 2021. That thing kicked off a bull run like nobody's business. People are wondering if history might repeat itself. Could we see another surge if the SEC finally approves this one too? It's like waiting for a sequel to unfold, with fingers crossed.
This a mix of excitement and anxiety. People are speculating about how the price might react. Some think the uncertainty will lead to a temporary dip, while others believe it's just a bump in the road, and the long-term trend will keep moving up.
Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.
And let's not forget the impact of the first US BTC futures-based ETF listing on NYSE back in 2021. That thing kicked off a bull run like nobody's business. People are wondering if history might repeat itself. Could we see another surge if the SEC finally approves this one too? It's like waiting for a sequel to unfold, with fingers crossed.
This a mix of excitement and anxiety. People are speculating about how the price might react. Some think the uncertainty will lead to a temporary dip, while others believe it's just a bump in the road, and the long-term trend will keep moving up.
Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.
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