Topic: When do you think Bitcoin ETF will be approved? (Read 499 times)

This year? Maybe you are not following the news, everyone knows this already and it has been finalized that if it would not be approved in November this year at the height of the tension, it would be shifted to January next year which everyone has focused upon ever since then. The actual date of the approval or the confirmation for it should be on the 10th of January, and this is another fateful day that will again shape and determine where crypto assets will be heading. As for the approval itself, I can't say much about it because it is either SEC approves it or rejects it. But the fact that the court has sided in the favour of ETF ruling, the SEC might not have much reason to reject it. Come to think of it, if you have been following the case from the beginning, you might have known that the SEC doesn't have a valid reason for rejecting the ETF, they were only "beating around the bush," only for the reason best known to them, perhaps, the top guys there are anti-crypto. In my opinion, it is best to strictly regulate cryptocurrency and its related products than to outrightly reject it for any reason.

I reckon there won't be any approval for a Bitcoin ETF this year, specifically not by the end of December. I believe it's more likely to happen someday in January 2024, as that's the final deadline for the U.S. Securities and Exchange Commission (SEC) to approve Bitcoin ETF proposals for immediate trading. This could be a significant boost for the cryptocurrency market overall and Bitcoin in particular at the beginning of 2024. The likelihood of the SEC continuing to postpone and not approving at this point is quite low, which might lead to legal issues between the SEC and major entities like BlackRock, Grayscale, or Ark Invest.

Do you think approval will come within six days? I think this isn't possible because in line with our experience of following ETF news and applications for a long time we have learned that this process takes time and there is no quick response. For this reason, I don't think that there will be a finalization of the application within the next six days. Moreover, since the majority of these six days coincide with the public holiday period, the evaluation will still remain pending.

My personal opinion is that the process will continue for a few more weeks and a decision will come very close to the halving period or a little later. Positive news coming close to or after the halving process will definitely cause the markets to be very lively and the Bitcoin price will be positively affected by this. Of course, it shouldn't be forgotten that we shouldn't immediately think optimistically and that a possible negative response may come and the market may remain volatile with both the halving and negative news.

Hopefully it'll get approved before this next halving, once that happens then so much money will be flooded into the market. I wonder when it will get approved too, it seems like they just keep kicking the can down the road as long as they can on these things. crypto related financial / gov policy is often reluctant to change because of FUD and association w/ criminal activity / money laundering.

The key point is >>> keep accumulating and expect the ETF would be approved if not in a closed time but sometimes. The fact is that we are going to be taking unaware because this await approval is no even what the bitcoins experts practitioners could rightfully predict about.
Even without a probability considerations, the ETH approval delays would enhance the accumulators more of interests but specifically on those investors whom hodles til the ETF was approved.
Infact, hodl your Bitcoins like your are securing your assets while the ETF strikes at its time.

I think they will approve it next year, but no one can be sure about the exact date. No matter how long it is kept waiting, it will be approved one day. Bitcoin's rise does not depend on the ETF, but I still think it will have an impact.

As the halving approaches, expectations increase. The ETF may also be approved closer to the Halving. This is just a guess, but something needs to happen for the Bitcoin price to rise.

I don't see any chance for this year's ETF approval most especially that probably SEC officials are into holidays and are busy with their own family's festive activities. But after this year, hopefully by January we will hear from them positive feedbacks about bitcoin ETF, in which I think has higher probability to happen.

Now, if by chance bitcoin ETF will be disapproved, no worries as there will be another ETF that will surely come out soon for approval. Just as easy as that. But I just hope that it will eventually happen next month as it could also help to boost the price of bitcoin if ever.

That's a tough question to answer. The Securities and Exchange Commission (SEC) has been deliberating on the issue of a Bitcoin ETF for some time now, and there is no clear timeline for when a decision will be made. Some experts predict that a Bitcoin ETF could be approved within the next year or two, while others believe that it could take much longer. It's also possible that the SEC could decide not to approve a Bitcoin ETF at all. Ultimately, the decision will come down to a number of factors, including the current state of the cryptocurrency market, the overall regulatory environment, and the specific proposals that are put forth by ETF....

 The main argument for approving a Bitcoin ETF is that it would provide investors with a regulated, accessible way to invest in Bitcoin. This could lead to increased adoption and demand for Bitcoin, which could lead to higher prices. Additionally, a Bitcoin ETF could bring increased transparency and liquidity to the market, which could benefit all participants. On the other hand, the SEC has expressed concerns about the potential for market manipulation and fraud in the Bitcoin market. They are also concerned about the lack of regulatory oversight and the potential for volatility in the price of Bitcoin. So, while a Bitcoin ETF could have many benefits, it's

what happens is this
when a ETF is active. ETF sponsor with ALOT of coin already locked, will want to sell off their shares to customers so wont want to have agents applying with new baskets of coin. not until the ETF sponsor has sold majority of their shares

ETF sponsors with low custody will allow agents to buy btc and hand in a basket of btc to the custodian and have the share allocations created to then sell shares..

GBTC(grayscale) has over 600,000btc of locked coins meaning they are not in a rush to add more baskets

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grayscales CEO ommited that the SEC is probably not going to do a "all approved" announcement
the ommission is clear.. because if the SEC was going to approve grayscale at same time as say blackrock.. then why is grayscale ceo saying it would be a mistake in doing so..

if the talks were about mutual approval of many, the CEO would not even be arguing a case of why first mover advantage would be bad


if the signs of "all approval" were told to CEO. he would not need to urge or warn
when he then says "SEC should" by saying "should" soo many times he is revealing the sec is implying approving different ETF at different times
its the age old question.. how many 'shoulds' should be said until it imply's they wont

if customers of a business are shouting the business should do something. it implys the business currently has no plans on doing that thing

Well if all of the Bitcoin ETF are approved at the same time then it will be a massive event for the Bitcoin and cryptocurrencies. However does it mean that the 30 trillion dollar will come into the Bitcoin at instantly ?
I think even if all the ETFs are approved at the same time still the money will flow constantly and not all it once into bitcoin.

the institutions are already buying up BTC without having the ETF approval yet. they know BTC doesn't need ETF approval to make its ATH again.

but based on what we have seen this year, i think SEC will not approve ETF yet even on jan 10 because we all are expecting it. they are teasing the investors. they may only approve it when we least expect it. i suspect they will wait til the halving effect is over and may of us haave sold already thinking the bull run is over before they will approve it. must be a bummer when this happens.

I think the Feds are enjoying their time leaving the whole crypto space in suspense. Frankly, it is percieved that the crypto space has not gone totally bullish because of the unapproved Bitcoin ETF applications and loads of financial institutions are currently waiting for the judgement before they consolidate on their final decisions on investments.

The Bitcoin ETF is going to possibly be postponed to further keep the space grinded and stop investors from pulling out their resources and putting them into the decentralised space.

There is not much time left in the ETF approval and it may happen within a week or two, as the deadline for a decision of the approval or disapproval is in January of 2024.

This will be a big event for Bitcoin and the price will soar high but I do not know how long it will sustain because usually, these crypto events are like "Buy the News and Sell the Events". Let's hope Bitcoin ETF is not such type of event but still I think there will be a lot of volatility both on the buy and sell side, once the ETF is approved.

Over this year, Bitcoin has shown excellent growth, largely due to the news about the approval of the ETF, everything happened only on expectations, I did not see any positive things other than that. Therefore, it is logical for me that such a mood in the market will be supported only by those who already own Bitcoin, those who will benefit from this growth. Do not believe that Back Rock and other players will buy Bitcoin only after the spot ETF is approved.

It's gonna blow and explode on January. Let's all wait for the next month because it seems that we're having some positive movement by this time. There is no doubt why everyone is just waiting for it. We're getting some good news right now with these and giving us the idea on what shall happen. But even with that, I don't want to buy with this emotion that I am feeling because it's still possible that a surprising no and rejection might come. Just weigh things. 

You're not. The topic was created a day ago, so it's still fresh
Wasn't Grayscale's deadline on the 1st of January?
I really don't care when they'll agree to it because the trust is not going to open on that day, so whether we get to see it run in February, March or April, it's all fine as long as it gets approved. I'm not even going to use the ETF, but I'd like it to get approved so all the naysayers and critics get a slap on the cheek. I hope you guys aren't too excited thinking when the SEC approves it bitcoin goes up +50% in an instant and you'll make a trade of your life. Buying bitcoin was the trade of your life!

You have a point on this. It will be absurd to wait for an approval before purchasing your Bitcoin, because then you won't be able to maximize enough profits, what with you buying when price was high and all that. For me, Bitcoin is a volatile coin, and although there are factors that can cause it's price to shoot up, it's not really safe to depend on ETF approval alone because that way it would seem as if without an approval, we won't see an upward surge.

I am being late on this discussion, but as far as I understand the windows for the SEC to approve is technically open from 5th of January until 10th of January. So, given the calendar I would say it can happen between the 8th and the 10th of January.

Reports from multiple sources have it that it's going to be between 8th - 15th January 2024, which is just few weeks from now. However, If I should speculate, I'd say first quarter of next year because the hype is way too much. Just yesterday, SEC entered a meeting with BlackRock and Nasdaq to discuss spot Bitcoin ETF.  Same yesterday, Bitwise and Hashdex released their spot Bitcoin ETF marketing ads, so I think it's happening very soon.

I think those who are waiting for ETF approval have already bought Bitcoin and are simply waiting for the moment when after the announcement there will be a pump, perhaps to sell.

In fact, it is very difficult to predict how everything will be, there are many options for the development of events, and I think that it would be stupid to wait for the approval of the ETF and only then buy, I am sure that the whales understand this very well. All you need to know is that they will once again try to trick you, so be careful.