Topic: What will SEC delay on Spot ETF approval do to Bitcoin's price? (Read 454 times)

Doesnt matter whether they would be postponing it out or would really be that approving it but we do have already those rumor about having that multiple approvals for this month or
specifically on Friday.
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
https://cointelegraph.com/news/rumor-mill-heats-hopes-spot-bitcoin-etf-approval-tomorrow
or simply this day but it seems there's no news about it.

Somewhat 24 hours hasnt out yet, we might be seeing some last minute announcement but well, just like been said that it doesnt matter much i should say.
Significant effects could be felt out directly on what the decision they would be making. If there would be some delays or rejection then there would be a correction
and if there's that approval then for sure it would really be making out such rise. Somehow it wont be a guarantee because sentiments
like these wont really be that guaranteeing that the price will really be having those movements but lets see on upcoming hours.

Yes - the decision is up to the SEC and they could change their stance in no time. So far most users really hope the SEC approves a spot bitcoin ETF this year - they will be very disappointed if the SEC ultimately rejects it and takes time to delay it. Anything is still possible even though many of us are confident the SEC will approve it - but until that's true, it's best to just wait.

I do not think that they would really fear postponing it, I feel like they feel absolutely no pressure at all and they could just postpone it again just for the lols if they really wanted to to be fair, but they could also postpone it for real reasons as well. Last time it was actually not that bad of a reason, they really wanted a detail about how to secure it if I am not wrong, there was something about securing it that wasn't filled enough and that's why they sent it back and requested more details on it.

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

Market says otherwise. People bet that SEC will approve Spot ETF, Bitcoin even surpassed 45K USD.

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

Stop worrying about news events. They are a fleeting phenomenon.

I do not know what any short-term FUD or FOMO news does to the price (nobody does), but I have noticed a lot of people currently complaining about losing out from "selling the news". I mean seriously, when did this garbage become the standard? What happened to HODL?

People who Hodl do not have to worry about the ups and downs, in fact, they should only care about the long term up.  

Every bad piece of advice that new coiners follow will leave them missing out and even making losses. Then they start hating on Bitcoin because they could not resist the temptation to take said advice.

Until now, there has been no clear announcement or declaration about it, probably it could be moved again (and again). Honestly, I was not hoping for it to get approval. In fact, I don't see it as a reason to help improve the price and stability of the market, I'm even more excited about the halving than this. 

Does it fall? I don't think about it because the SEC is not a tool to drive the price of Bitcoin increases and it doesn't matter if we never get approval as the growth of crypto will continue. Just look on the market, it pumps right? and that will simply tell us that even without SEC approval, the bull season is still to come, not fall.

Bitcoin ETF approval can be within January 7th to10th  but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

Regardless on SEC delaying its approval, it will still not stop bitcoin from reaching its all time high. Well, bitcoin price may drop for some time but this is not new to us, since it will certainly recover after a couple of days and then continue to create a significant price increase until it reaches another peak. What we should worry is when bitcoin halving will be delay, because for sure its bull run as well will be compromised.

However, with or without SEC approval, bitcoin price will follow a certain price pattern and that is to create a new all time high no matter what. So I guess this issue does not really worry those bitcoin investors, as they have seen how bitcoin price has plummeted and surge high again once the market turns into a good position.

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur. There is no real rejection yet that happened, so we can't tell if the price won't really dump. There are other reasons on why a price can skyrocket but definitely the approval of ETF can contribute to that. Not all talks about it are positive, like for example this thread here. It talks about the postponement of the approval of the ETF. You don't look like you are badly affected with it. That's good, and that should be the mindset that we must have, as sometimes they are like a FUD.

This contrarian prediction by Cryptoquant is causing the contrarian me to become the skeptical me and it is causing me to speculate that bitcoin will not dump below $40k hehehehe.

Happy new year! Uncle Gary might postpone again until March and this might have no negative effect on the market.



Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.

In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically precedes a correction.

Source https://www.coindesk.com/markets/2023/12/28/bitcoin-etf-approval-tipped-to-be-sell-the-news-event-cryptoquant/

Postpone or delay on spot ETF approval have fatal mistake with bitcoin difficult raise to higher price and keep stable on lower price, better have official announcement with ETF approval or reject will make bitcoin get little correction if reject before going to the higher price. I think have drama its not about ETF get approval or not but some community try to give more delay and get benefit with bitcoin keep in lower price.
Actually not much problem if ETF reject with bitcoin and get little correction only due the investor have ready for next halving time left few months later and ETF with decision postpone or delay will give opportunity with bitcoin stuck and difficult raise to higher price or keep going down.

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

I do not think the spot ETF approval/rejection won't trigger mass selling.  Since you already stated that ETF delay has no impact on the price of BTC, what would be the impact of rejecting spot ETF making holders mass sell? Dince there had been no changes if SEC rejected Spot ETF.  On the contrary, if Spot ETF is approved, there might be a huge boost to the Bitcoin market.  We might see the price balloon to some extent.

About the delaying tactics of SEC, I don't think it is that effective anymore since there have been many delays the people are used to it. So I believe that the price will not react crazy if Spot ETF approval is delayed again.

Bitcoin is already in the mainstream of the financial market, look around you and tell me how many assets are being traded like Bitcoin. Is it individuals, corporates, groups, associates or name it, they are involved in Bitcoin one way or another, and you hardly see a broker not listing Bitcoin, not to talk of the worth of Bitcoin's daily trading volume. You will hardly see any asset so popular and appreciated like that, not to mention people dealing with them like Bitcoin. The ETF is just for companies to start handling Bitcoin's asset management for people, nothing special in that, it is people who take it that far. And you know what people lay so much importance upon will always have impacts on the market, that is why we see Bitcoin moving so much higher during the ETC headlines this year. Let's see how it goes, but the approval will be so good as it will fulfil the hope of people, nevertheless, the rejection will be so devastating as it will disappoint the hope of people.

Someone, I believe, is behind the SEC's decision. And I'm sure most of us are aware of it. This kind of stuff is no longer new to us, they mostly make an update when the price is in the consolidation state, they use it to dictate the price where it should go. Probably the price will stay in this weekly supply zone which is around $44k to $48k, and when the SEC's decision is positive, there will be huge pump of the price and would break the $48k price, and might continue send the price higher. That time, the retracement we expect at $31k is no longer possible to happen because the sellers are no longer willing to sell.

Yes, regardless of the outcome we should be prepared for our next move but the more it's delayed it would be actually better for Bitcoin as we won't see mass selling and moreover the new about delay has not had any impact on price of Bitcoin and I think there would only be two outcome. 1) Dump in price : We need to use this period to accumulate more Bitcoins to sell at peak, 2) Pump in price: Ensure we don't invest during peak and make use of Bitcoin we are hodling.

My perspective has changed looking at the current market trend and I think this will not have any major impact now.

We might have missed the next scheduled date for approval. Ark Invest is on January 10. Blackrock is on January 15. However, Hashdex and Franklin have their scheduled date on January 1. Was the dump that we have already witnessed the dump in anticipation for another postponement from uncle Gary?

There will be drama for sure if SEC didn't approve the ETF, but sure enough that Bitcoin can survive that panic as we are still heading into a halving which for me is the main event for next year. Many are already taking their big decision when it comes to investing with Bitcoin today and it's not too late yet to analyze and know when to buy because the price is still cheap. SEC approval of ETF will always take time and this is how the government works, they need more time to manipulate things.

Many online news already said that the SEC is expected to decide on whether a Spot Bitcoin ETF will get accepted or will get rejected. Either or, that decision will have a huge impact on the market... or just only a few. The impact will either be a positive or a negative one. It will depend.

If it is a positive one then we might see Bitcoin's price go up even more, and with Bitcoin halving in a few months, I guess the sentiments of the market will be bullish thus, people will go and accumulate Bitcoin pushing its price even higher. On the other hand, the SEC rejecting the Spot Bitcoin ETF will affect the price, and it will for sure push the price down. How low it will be? I don't know, but maybe a 5% decline for a day Bitcoin would be too low for me, and I will not be surprised if we see the market going down by double-digit percentage in a single day again, but the effect will be temporary, and at the end of the day, it will go up again.

Let's just wait for the decision of the SEC next month. I just hope that we are all ready for whatever will happen. We will enter the year with either happiness or sadness.

This upcoming January 10th is another main event that will definitely raise the market again, whether the SEC delays the bitcoin spot ETF or not. Whether the rise will continue or not?

Questions that most people in the crypto space are looking forward to. And in the event of the delaying tactics that they often use, for sure there can be a breakout of the market to have a liquidation in a few weeks, which will be a movement in its market price value and then another cycle of the position in terms of price in the market.

It wouldn’t be a surprise to see the price immediately fall after the decision as people take profits. Longer term though this will most definitely have a positive effect on Bitcoin’s price. If there is enough big money waiting on the sidelines we may even see a price spike when a decision is announced. Well have to wait another few weeks to see.

People are taking their positions in the market because of two events, One is the category of investors that aimed at profiting from Bitcoin ETF should it get approved, whereas the other set of investors are those that invested because of Bitcoin Halving that will take place come 2024, in case Bitcoin spot ETF did not get approved by the SEC at the end of the day, I kind of think that the set of investors that probably may think of to sell their Bitcoin are those that invested because of the Bitcoin Spot ETF, and the impact will not be felt much because it will be immediately get absorbed by the second event, Halving.

It may happen that etf will be accepted, but the price will go down, because the current situation in the cryptocurrency market is a big manipulation. It is profitable for someone to keep the price high now, but later there will be an opportunity to buy cheaper, for example before halving.

Likely in few days later we will see the result or announcement with bitcoin ETF approving or denied by SEC Commission, based on your points likely not matter if bad possibility Bitcoin ETF denied because few months close halving time and bitcoin keep on the higher price. Hope in short time has result about bitcoin ETH approve or not to get bitcoin potential will raise more higher price if approve or little correction if get denied and moment for us buy back prepare for bitcoin halving time.
In short time we can get bitcoin touch new ATH if get approval but not pessimistic with bitcoin can't make new ATH if denied of ETF approval due investors have been smart and not take care what the result approve or denie?

Based on my perspective on the SEC and this ETF delay there are 3 conclusions that can be drawn.
Firstly, if it fails, it means that market sentiment towards Bitcoin will decline, resulting in the price falling, even though it is halving, the hype will not be as high as when the ETF was approved.

Second, if the Bitcoin ETF is successfully approved, of course 2 big forces will make it possible for Bitcoin to experience a high spike even before the Halving. In other words, there are 2 phases which are definitely an opportunity for holders to pay attention to these 2 moments.

Third, the SEC deliberately postponed it even though the ETF proposal was close to being hammered and wanted to damage market sentiment into uncertainty, aka floating between buyers' concerns about entering or waiting longer to determine which direction Bitcoin would move.

From the 3 points above, I personally remain on the initial path whether there is an ETF approval or not, the target towards the Halving is the point that we are waiting for. At least reflect on the previous Halving movement where ATH will be touched even if it is only a few percent difference.

I don't know how this new etf will be able to attract new users or investors. Nowadays adverts for exchanges or crypto casinos can be seen from buses to top football clubs. So no one has a problem to buy bitcoin. It seems to me that the number of users will not increase and it may happen that big capitals will not come to crypto after the adoption of etf.

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

@Smack That Ace. Agreed that there was a decline, however, how much was this decline? It was not enough to bring back the cryptospace to another bear market. The pump the next day on bitcoin made i appears that there was no decline heeheheh.

However, what might be concerning is if the American government can force CZ to step down and face criminal charges, it can also do it against many more exchanges. Kraken is presently being targeted by the SEC.

Have you seen the news today, the market is starting to decline and this time it is none other than the news related to CZ. He pleaded guilty and resigned from his leadership position at Binance, and if he is sentenced to prison, the market will be affected whether we like it or not. Those who believe that the market will no longer decline just because the halving is approaching should be careful of bad news happening in the market. 
By the way, many people will gloat when they see CZ resign, but this is really a pity for a talented person like CZ.

It will certainly drop, however, will it drop to the lowest prices of 2022? I am quite certain that there is a higher chance that we will witness bitcoin pump to $40k. I am also not saying this because it is presently on $36k. I have been saying this since bitcoin was on $25k.

Also, the power of the big guys on the market is very overestimated, in the cryptospace and tradfi. We have witnessed this when the rulers of Wall Street asked for a bailout on 2008 hehehehe. It was taxpayer's money that saved them.

No one knows how much the price will be pertaining to this delay in approval for the applied Bitcoin spot ETFs. And with the possible drawback of Bitcoin's price, what's possible is due to the correction that we need to see and I think it's happening now.

But to look at a greater correction, I don't think that we'll see that prior to halving and with the potential of approval for any of the Bitcoin ETFs that has been applied.

One time will come after the halving and whether these ETFs approved or not, we won't be depending to its delay and everyone's mind will be focused on the actuality of Bitcoin and the mining rewards that has been halved that shall price drive the demand and price higher.

I could have expected a correction as the SEC delayed the ETF announcement, so I'm not surprised by the current facts. However, I do not expect a major correction that could reach $35k or lower although in the end FUD will be spread in various ways to make the weak parties release their grip on bitcoin. There is nothing better than maintaining optimism and sticking to a long-term plan, meaning ignoring the short-term volatility and staying safe.

Entering the last 10 days of November, bitcoin trading volume increased further. This indicates there is high supply and demand in the market, but there is still a possibility that we will close the month at no less than $38k. Regarding the potential correction before the halving, I think that will continue to be discussed, but the fundamentals are not so negative so I can still maintain optimism about the good potential ahead of the halving.

the catch is that Bitcoin will have to be deemed Security before it will approved for its ETF. is going to be a dilemma because, on the other hand, we want adoption and price rocketing to Mars with the help of ETF approval yet on the other hand, being a security means the current Securities law applies to Bitcoin and ETH.

it's like the SEC is choking crypto either comply or there will be no approval.
what is currently going on with Kraken and Binance these days must be related to this compliance.

Currently, Bitcoin is holding the support level but the market is crashing, TBH Altcoins are bleeding there is some news about CZ's retirement news, Binance's statement news etc, etc. I was wondering that 3%+ total crypto market capital dropped by just this random news.

Something is changing the direction currently market is behaving very unusually, I was expecting something supporting from the SEC's side but they are currently aiming at the Kraken exchanges their developments are not promising at all. Some negative vibes.

Yeah we cannot expect SEC approval this year and though there are speculations that chances of spot ETF getting approved are higher but still we can never ever trust a banker when it comes to crypto as they will always be against crypto because of conflicting nature of operations between crypto and banks.

As many has mentioned we should be bothered even if this doesn't get approved because this is kust like cherry on toppings as it will have positive impact if get approved and very lesser or no impact if the outcome is negative.

I don't know if the ETF deliberately delayed it before doing the halving but it seems like they had their own reasons although what I said before could also be a reason.
I strongly assume they postponed it because of that.

Personally, I do not expect any setback in price due to the SEC's decision to delay its decisions on the Spot ETF application, I expect that we have overcome the negative impact.

Bitcoin price is moving sideways at the 36-37K$ area, and it remains stable there so far, preparing to move towards the 40K$ area, I hope.

This is not the first time that the SEC has postponed its decision, and yet we find that the effect is very weak or non-existent, and if it happens, it will be in a very short time, so I do not see any fear for Bitcoin at the present time.

Well I am fairly sure it won’t be approved anytime in 2023. Maybe in January 2024. However it would be crazy if the SEC approved the etf tomorrow while yesterday they sued Binance and Kraken. It’s very difficult to read that Gary Gensler.

At first we assumed he was finally pro Bitcoin with his Satoshi tweet but a week later he is calling crypto a scam and suing exchanges left and right. Honestly it would be best if he was replaced by someone else.

i was reading it weeks ago that the deadline was in Jan 2024. and now it's March 15. it looks like they wanted the approval to be close to the halving date.

i'm also seeing there will be a last bear strings that are to be pulled before going up. but most probably not going below $30k and if i am going to prepare for this dump, i would save my USDT ready on the exchange to wait for it to happen. but will also regret it if it doesn't happen.

Whether halving or ETF, there is no guarantee that bitcoin will never drop in price again, this thinking seems too naive for a market as volatile as bitcoin. Don't forget that this is not just a game for retail investors like us, we also have market makers, whales...a lot of big guys in the market and they can manipulate market according to their wishes. Therefore, do not be too subjective and think that increased demand for bitcoin means the price will always increase, not decrease. Bitcoin can go up and down whenever it wants without any news affecting it, and sometimes news is just a way to hide their manipulation from us.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

Today again there was more amendments to the ARK Bitcoin ETF. And price did nothing when the news came out.

Then there was also the Binance getting sued for $4B, and it dumped at first but then rallied. Even BNB recovered. Later there was the Kraken being sued news and again, the market was unphased. So I am guessing we are in a pretty strong bull market since these SEC lawsuits don't cause bitcoin to go down. This is what you want to see in a bull market.

Similar to how in a bear market, whenever we get bullish news, we dump anyways. This is the same but opposite.

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

The price didn't get much hit after the announcement that the SEC has delayed the decision on bitcoin Spot ETF. In fact, if you look at the price now, it is again over $37,000+ which shows that people are not willing to dump their bitcoin on the basis of the ETF delay news or any other slightly bearish news for the bitcoin.

Why would they be bearish now when halving is just a few months away? Bitcoin ETF will get approved very soon and the current market sentiments would only mean that bulls are strong in the market and no one is going to sell bitcoin under 40K.

Maybe it's true. At least they didn't deny but they also didn't approve Blackrock's application. The path to the adoption of Bitcoin is to have regulations but come to think of it, there is never a regulation of crypto yet so this is going to be another issue that will leave us hanging and they'd be using this argument to bring price down over and over while Gary doing all these with impunity on his smile.

No one expect any early approval either since this type of ETF was rejected/delayed many times by SEC prior to blackrock application. I believe the only reason why the current pending application significant is because the company involved now is too huge for SEC to denied without a proper legal battle.

The approval this time is inevitable so the SEC will surely just use the remaining time they want to possibly delay this because they don’t want Bitcoin in general. Delay will not gonna cause any major dip anymore since this is expected. Only reject or approve is what matter now.

The reason for the SEC's suspension of ETFs was said to be a form of caution. Apart from that, postponement is no longer a decision that can make the market volatile because what is awaited is approval. The approval of a Bitcoin ETF by the SEC may have an effect on increasing the price of Bitcoin.
This week the ETF was postponed again and the price did not decline below 35K. I can say that only approval can have an impact on increasing the price of Bitcoin.

If you believe that approved ETFs will have a positive impact on bitcoin prices, then don't be surprised that delayed ETFs will also have an impact on bitcoin prices. Are you a long-term or short-term investor? If you are a long-term holder, you don't need to pay too much attention to ETF news because even if the SEC denies it, it won't stop bitcoin from rising in price and making a new ATH. Bitcoin's price increase is inevitable, it's just a matter of time. So you should focus on accumulating bitcoin rather than worrying about whether the ETF is accepted or not, it really doesn't matter that much.

No, I don't think so. There is a building FOMO in the air and that will be the one reason why lesser investors would dare sell their Bitcoin.
The delay being done by the SEC is just telling investors that it will happen, but the date is not accurate yet. So, if there's a chance to buy at a cheaper price then investors would take advantage of that. Right now, everybody is just waiting but I don't think Bitcoin would be dumped anytime. Might as well swallow the reality that this could be the new bottom and whatever price range we are thinking of purchasing is expired.
The demand might just keep on going up as we get near that approval by the SEC of all the applicants of the Spot ETF. I think in January 2024, there will be one that will be approved and the market will go crazy again.

Most of the deadlines for ETF are in next year. Then the final decision is on next year. And it is just a coincidence Bitcoin block halving will also happen next year.
For me, even there will be delays as long as the final decisions will happen next year there will be no price effects at all, as long as the decision will not happen in the final deadline.

For the past few months, ever since Blackrock announced their bitcoin etf, these delays have done nothing to the price. They get delayed and you look at the charts and it’s not trading down.

Pretty sure everyone knows it will get delayed until the last iteration where it will be the ultimate rejection or approval. Prior to this and these delays don’t make a difference for the market.

But there is still a positive side to that Bitcoin futures and Exchange-Traded Funds (ETFs) easing uncertainty and creating a sense of confidence among crypto-skeptical investors. I believe Bitcoin futures and ETFs will finally put the naysayers to rest and legitimize and validate Bitcoin as a has value and as a digital currency. If not Yes. It is inevitable that this decline will only occur in a short time as you say and that makes perfect sense.

well the price just stagnates, there's definitely no market movement until the news about the decision of spot ETF finally appearing, so many people are anticipating it, everyone is waiting for the news so that they can be sure they are doing the right decision.
after all the sudden price fall of 5% is it truly significant? since right now price are already recovering. but im expecting the market to be instead still growing slowly even if the approval getting delayed.
after all the market sentiment has changed, right now we are in state of bullish even though I don't know for sure whether its truly start of bullish or just gonna outright went to bearish the next month we don't know for sure, only news about approval of ETF could be good news that gonna change entire landscapes.

The price would immediately drop by $2-3k or even a bit more, and weeks after that there will be stagnation, but other than that there will not be much long-term effects. Halvening will still happen and will greatly impact the market, and once the price will start growing the crypto media will find some new hype narrative to explain the growth and boost the sentiment. That's how it always worked and will likely work again. During covid there was a huge crash, and then Bitcoin quickly recovered and returned to the normal course as if nothing happened.

The SEC’s decision to delay the approval of a spot Bitcoin ETF has caused some concern among investors. When the SEC announced the delay, Bitcoin’s price fell by 5%. However, it’s difficult to predict how much of an impact the delay will have on Bitcoin’s price in the long run. Some analysts believe that the delay could lead to a further decline in Bitcoin’s price, while others believe that the market has already priced in the delay. It’s worth noting that the SEC has delayed the approval of other Bitcoin ETFs as well, including those from BlackRock and Fidelity. As for whether the delay will continue until the halving, it’s impossible to say for sure.

https://www.coindesk.com/markets/2023/10/18/spot-bitcoin-etf-approval-is-coming-but-analysts-differ-on-possible-price-reaction
https://cointelegraph.com/news/bitcoin-price-drops-as-sec-delays-decision-on-bitcoin-etf-offering-new-trading-opportunities

Clearly, Bitcoin prices rose due to the halving event. This is history repeating itself, with historical evidence that already exists from several previous halvings. Every time a halving occurs, Bitcoin will experience bullishness and print the latest ATH from halving to halving. ETFs are just fuel to hype BTC, take the example of yesterday's Blackrock ETF which in fact was also fake news, used as manipulation. I think the ETF news is also part of the manipulation carried out by the US, we know that the US has large amounts of BTC too, the result of confiscations in the Crypto Business.

that is true, we have seen in the past years, with approval or not, btc will continue to thrive. sure, approval of btc ETF may influence the market but it is by no means the only reason why BTC will improve its price in the market. so even if they delay the approval, it doesn't matter anymore.
it may contribute to further adoption but one should not wait for the approval before accumulating some satoshis. because with or without ETF, we are continuously improving in terms of adoption.

Even without an ETF, Bitcoin will still rise, a natural correction may occur if there is a delay in the decision. Why are we too focused on ETFs, whether ETFs are accepted or not is also not very urgent for Bitcoin. What matters is adoption and real usability. This is very important for Bitcoin's fundamentals, yes I would say that ETFs are just a bonus.

Isn't it there is a schedule though? so I'm not sure what you meant by SEC delaying their decision. And it's only 1 application that they have delayed and that is the Global X, here is the official documents,

https://www.sec.gov/files/rules/sro/cboebzx/2023/34-98981.pdf

And as what others have pointed out, the price looks strong despite this negative news, meaning investors might have been expecting this. But most likely next year there is no stopping for a Bitcoin Spot ETF approval by the SEC. The best thing to do is just have to wait, we can force SEC to approved it right away.

As per the document, they have a rule that covers postponed regarding their decision, so it's within their power to do that.

I don't see any negative impact though in the price, we are still in highs of $36k->$37k. As for the delay of their decision, we can only speculate that they might have been looking at the proposal more closely, because they know that their decision will be huge as this will set a precent as many big entities are also applying for it. So they will have to decide which one will go first. If there is a price down before halving, then so be it, we can't really stop that from happening. And remember that technically we are still in the bear market so prices might go down. And just think about it, if the approval came after the block halving, then it will be huge for the market as everyone is seeing like a conservative $100k as the price of bitcoin for the next bull run in 2024-2025. So we need more patience and wait for the decision of SEC in this matter.

The summary answer to all your questions is that the delay will not have any substantial and sustainable effect on Bitcoin. As we can see, Bitcoin has been hovering between the tight bound range of about $38,000 and $37,700 lately, and it wouldn't even matter if it breaches such a range as normal market trading without ETF could still achieve that judging by the volatility effect already created in the market. This conclusion is because this delay is not just an unknown one, people were ready and were aware that the initial filing window starts from Nov. 09 to Nov.17 which was on Friday. There are anticipations but the nerves have been cooled down since there is another option for January where the fate of this ETF would be ascertained. I don't expect the market to continue to move haphazardly in such a neutral tone condition.

Personally, I do not expect so much again on the ETF events in relation to the price movements even when approved, I believe it has served its purpose to have hiked the price and has already priced in. I've experienced such in the market where news and rumours would be more powerful than the actual events, so I don't think a different condition will play out here even if it's eventually approved.

Regardless, it might be disastrous to Bitcoin for more than a month if they disapprove of it.

Not going down so far. Since the holders are not dumping, then they are again betting for the approval on January. If by Jan 2024 the ETF will still be delayed, thats when the dump will happen and the  it will spike quickly.

SEC will keep our hopes up and then disappoints us just to manipulate this market.

The SEC playing the waiting game, classic! Gotta love how government agencies take their sweet time. 
People were bracing for a drop before the ETF chatter bumped things up a notch.  But now? It's anybody's guess! This rollercoaster ride of hype and delays is giving me whiplash.  I just hope the powers that be don't stall too long.  These Bitcoin price swings are making me queasy.

People in general I think are betting on approval in January 2024. If it gets delayed/declined, I definitely think we're going to get a small setback due to it being delayed/declined. I think the drop will be short-lived though, due to sidelined money waiting for a decently-sized dip.

The SEC has 240 days to make its final decision from the moment a company formally submits such a request and it is officially accepted. I don't know why you (and many others) think that this time should be different and that the SEC will not use its legal right to postpone the decision until the last minute?


People speculate, but do they even know when the halving is and what it means before the halving? There are still at least 4+ months until the halving, and during that period anything can happen - and that includes a price change in any direction. You should not look at the current price as something that is only the result of waiting for spot ETF approval, but also as a pre-halving period in which the accumulation is increasing more and more because people who invest in Bitcoin still think that the halving will have a positive effect and result in new bull run.

In my opinion the only ETF related news that can have a significant effect on the price is only an approval because that would be the first time. Otherwise, proposing an ETF, SEC delaying its decision, rejections of the proposal, etc. have happened many times before so the market is not really reacting to any of it anymore.

So even of SEC rejects it today, apart from a small number of newbies panic selling, I don't expect much else.

I doubt that the ETFs approval being halted will change anything. It was on the news yesterday that the SEC will halt the approval due to an inadequately regulated crypto market large enough to stop manipulation and whwn this came in, the price of Bitcoin was $36,527.76 and today, it's price has $36,582.37 and if anything it has gone up instead of down.

Bitcoin has been existing long before this ETFs and to say that they contribute to its price growth will not be fair. The way I see these ETFs, they are only a temporary event that will pass so I don't think affect its price much.

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?