Will the bitcoin ETF have any impact on the bitcoin price? - page 4.

NeuroticFish

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

AprilioMP

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

It takes time for everything to work as expected. Bitcoin spot ETF is an opportunity for people to invest directly with easy access to find out Bitcoin price movements.

If currently the price has dropped since the Bitcoin spot ETF is because people don't fully understand it or people's reactions in the market are different. A decline in market prices is a normal action even though the decline occurred when the Bitcoin spot ETF was approved.

People should first know what a Bitcoin spot ETF is.
People easily attribute the sharp decline to the Bitcoin spot ETF, before the SEC approved the Bitcoin spot ETF, the price also experienced falls and rises as normal activity. So, this Bitcoin spot ETF will take time because the Bitcoin spot ETF is different from the Bitcoin futures ETF.

STT

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For sure it will take a while; the misunderstanding may lie in multiple timeframes that apply to BTC. We vastly underestimate just how long term the base of value to BTC is, obviously we got a ton of speculators in the price and that has its use but these people will sell off in weeks as its extremely common to be leveraged. Leveraged sellers always have to sell to pay off their borrowed dollars used to buy BTC, price apparently maxed out at 49k in that extent. Its not a negative you should carry over to every other time frame, it does mean the sell is valid for this near term.
Just hold every time frame separately, all related all important in their own way with varying amounts of influence. BTC is certainly not negative, selling, circulation of BTC can be a good thing and I hope people who want to buy and hold get to enter with a lower price and this is all a positive cycle for them.

kentrolla

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What is happening is not permanent it's just temporary and I don't think we should take calls based on recent fluctuations and yeah I gotta agree that we were not expecting Bitcoin to drop post approval of spot ETF as we kinda of forgot that fluctuations will always be there when it comes to crypto currency. This may be a plan as well to push the Bitcoin's price down so that whales can accumulate it under lesser price before halving to be sold in possible bull run.

cryptoknightt

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In my opinion it will have an immediate impact, because in crypto news related to something will directly affect the market.
so I don't agree if it doesn't have an effect on the market.

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

That's what we can think of right now, there is no immediate price bump when the time that the ETFs have been approved and published on the news.

Quote from: ajiz138 on January 15, 2024, 08:22:16 AM

So the impact will be later when it has been running for a long time.

It's going to be with the halving so, there's no need for us to rush. What we need to do right now is to do nothing but apply the patience all of the time to the market. You'll never know if this crash will continue or it's going to stop around $41k-$42k.

ajiz138

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Not only since the approval of the ETF will immediately jump, of course there will be a process where bitcoin can rise again, I only know where the news reported that Vanguard blocked its clients from buying bitcoin ETFs so this might slightly trigger the price of bitcoin down.

I think now is not the time, the same thing with halving will not immediately rally, I feel this is a good opportunity to buy more bitcoin because this way in my opinion should be utilized when the price is high it will think buy too high.

So the impact will be later when it has been running for a long time.

hugeblack

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In my opinion, prices are currently fair. If there is a decrease, the price is undervalued, and this is a golden opportunity to buy. If there is an increase, we will not go far. We may see 50k. We are still at the beginning of a bull market, so there is no fear of a downward curve.

Quote from: adaseb on January 15, 2024, 12:14:00 AM

First one is that GBTC is finally unlocked and many just want to cash out finally after 10 years. Those BTC were locked for 10 years in that trust.

This is a good point. I hope @fillippone gives us more details about it, and the extent of the impact of unlocked, especially since GBTC was one of the reasons for the price increase in 2021 and they were the main buyers of Bitcoin.

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

The probe on the positive effect of bitcoin spot ETF approval towards bitcoin price is borne on too much expectations of investor's about the spot ETF resulting to panic buying on the ground that at approval there is going to be a sudden pump but to the greatest surprise the market had other plans than what we were all expecting. The benefit and impact of the ETF on bitcoin price is something we will see in the future as more new investor troop into the market and not just an immediate impact.

jasonjm

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

Approval of ETFs is positive news for Bitcoin in the long run. I think the reason why the price did not increase substantially is that most people already bought BTC in anticipation that the price would skyrocket after the ETF approval news. When there is no demand, it is natural for the price to drop. Another reason could be that Vanguard did not allow its clients to buy BTC ETFs. As a result of this drop, many long positions were liquidated. Retail investors are holding their bitcoins for the moment because of halving.
I think Bitcoin price will follow the existing trends, and the price will start increasing after BTC halving.

peter0425

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

This is not happening any time soon but the impact that you are asking? of course this will happen just try to never blink mate because you will never see it is happening already and that is how I am confident about the effect of ETF in the market.

this spot ETF that allows those big institution to purchase and owned Bitcoin will make this increase happens in the coming days ,weeks or even months not long for a year.

michellee

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The ETF has just been released. So it will take time to see the impact. However, with the release of the ETF, market conditions declined. But that's only temporary because the price of Bitcoin will increase again.

We still have to be patient and wait for conditions to improve. Until now, the market has survived, and hopefully, the price of Bitcoin will not fall further. But with the release of ETFs, this could make people come to Bitcoin and that could help the adoption process again.

Moreover, Bitcoin will face a halving so market conditions will remain like this. The important thing is that current market conditions still allow us to buy Bitcoin at low prices. That's what we have to use so we can collect more Bitcoins. Don't worry about the current conditions because they will turn around and benefit you.

mk4

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Well, we shouldn't think that bitcoin's price is a straight line upwards yea? Even in halving events, bitcoin doesn't go up in a straight line. Having a Bitcoin ETF doesn't mean that everyone will be literally pouring their money in, it only means that access to Bitcoin is far easier now.

Rabata

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Quote from: edward500 on January 14, 2024, 06:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

ETF will be approved as a result of this news being known to investors in advance. Many have been buying their bitcoins since then. As a result, we saw a rapid increase in the price of Bitcoin before the approval. But the newly approved companies must be strategiing when the time is right for them to invest. The amount of investment in the market has increased subject to the approval of ETFs. So I must say ETF approval has impact on Bitcoin price. If ETFs were not approved in any way, this effect would have been seen directly. The market loses its value quickly.

Many may be skeptical about the impact of ETFs as Bitcoin prices have recently fallen somewhat. Although its effect is not seen directly, it has a great positive impact indirectly.

adaseb

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Technically they should be good for the bitcoin market. Because more supply will be absorbed by these etfs and kept there for many years.

So why did price fall? Many reasons.

First one is that GBTC is finally unlocked and many just want to cash out finally after 10 years. Those BTC were locked for 10 years in that trust.

There are some which think this will be a sell the news event like after the bitcoin futures, coinbase ipo and bitcoin etf of futures.

Another reason could be that we went from $17K to $49K and needed a pullback. So either of these reasons is why we are going down in price.

Ayers

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In my view, the ETF will have a significant impact on the demand for bitcoin and will in turn push up the price of bitcoin but things will take time to adapt. We cannot expect that as soon as an ETF is approved, trillions of dollars will flow into the market and bitcoin prices will increase immediately. This is one of the short-sighted thoughts I see a lot of people have and they are the ones complaining because the price of bitcoin did not increase when the ETF was passed. I bet these people will continue to complain and be disappointed when the halving happens because they always expected bitcoin to increase immediately after the halving but things never turned out that way.

ETF or halving are important events for bitcoin, but everything takes time to take effect, but there are too many stubborn people deliberately not understanding that.

Yamane_Keto

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Does halving have an effect on the price? Yes, why does the price not rise immediately, because it affects the long term, and it is the same reason for the effect of US BITCOINS ETFs. I can understand the question of why the price did not react positively to the approval decision, as it was expected that we would see a big green candle and perhaps The reason for this is that we are in a months-long upward wave caused by the ETFs decision, so the market was considering its approval and had priced it to rise to $42,000 before it happened.

We can say that the influence was from mid-November and that top was supposed to be a moment of approval.

pinggoki

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I do hope that it's a negative impact but only for the short term though, I do feel like ETF will be a good gateway for many people to know more about bitcoin because they're definitely going to be introduced to those new people by their investment guys that this is going to be a really one to invest into because of the potential that it can give to them when it comes to profit, the reason probably for the decrease in the price is probably because these companies that got approved by the SEC is planning to make an opportunity to make more money for themselves maybe because they've bought a lot of bitcoins recently and they think they might be able to bring down the price and then buy back in a much lower price.

khiholangkang

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This is just the beginning and the decline that occurred is Greyscale activity if seen from news sentiment, but I strongly believe that bitcoin spot ETF will help many people in getting to know bitcoin, and this will refer to the security and trust of many people, if you think logically when we can easily have real bitcoin and are real goods it is better to have real goods than just ETFs issued by third parties.

And that will have a big impact on bitcoin demand in my opinion, and if I'm not mistaken the asset management company is not all already buying bitcoin, or the bitcoin it buys is only a few, when demand strengthens and their product ETF spot Bitcoin 1: 1 with real bitcoin then the company must buy more bitcoin to guarantee that.

Oshosondy

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What I think is that the bitcoin ETFs of those companies that United States SEC approved recently, the companies have already bought bitcoin last year for the preparation of spot bitcoin ETF. You can see the price of bitcoin at $25000 last year and the ETF made people to buy more bitcoin and also the companies bought bitcoin and the price increased. The companies already have bitcoin when the ETF was approved. But if more people are buying the ETF shares and the companies need to buy more bitcoin to hold, then the price of bitcoin will increase. The effect now may not be seen but later it would be seen if more people buy the shares and the companies are buying more bitcoin to hold.

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