Topic: Will the bitcoin ETF have any impact on the bitcoin price? (Read 754 times)

Of course, we hope that it will continue to rise and can exceed the price of $53K, but you are right in saying that there is always a possibility that it will be corrected, which is also quite large. So we must always prepare for undesirable possibilities beyond predictions that are not expected.
Stop loss is one of the best ways to avoid unexpected realities and $50K is very appropriate because the movement always goes in that direction. I agree with your point of always preparing as carefully as possible to avoid losses that could occur.

It could slowly go beyond 53k that's true, but it could try to go under 50k as well, so it's better to be careful. Putting a stop loss at 50k is not a bad idea, of course if you are a long term holder like me then you do not care about it, but if you want to make some money from it, I would say that 50k stop loss makes sense. Then you will wait, if it goes under 50k then you wait some more, wait until it stops dropping and after it looks like it's not dropping anymore (24 hours around the same price) you buy back again and make money that way.

This is quite common in the crypto world, people do this all the time, and should not be a new information. Just make sure you are investing to it at the very right time for sure.

The ETF release is a significant development, but its impact will take time. Market dipped initially, but Bitcoin's price is expected to rebound. Patience is key as we await improvements. Despite fluctuations, Bitcoin has endured, and the ETF may attract more investors, bolstering adoption. Halving events will also affect market conditions. The current downturn offers a chance to acquire Bitcoin at lower prices, enabling us to accumulate more. So, it's vital to stay optimistic as market conditions are expected to improve.

This is also clear evidence of the influence of ETF. Whether it or not, this impact will definitely be seen in time. Currently, it continues to move and has penetrated $52K, although it still doesn't continue to move up. But it fluctuates in the range of $51K-$52K, of course waiting for it to move again, and it can slowly penetrate to $53K., Indeed, since before the movement reached $50K, it was clear that there was movement, but it seemed like it was stalling and there was no ability, after that it started to run smoothly.

62 more days until the halving period and during this wait will it actually be able to move upwards or is it the opposite? There is still always a question mark about what will happen next. You are right, the main cycle is still ahead, and we will experience it by patiently waiting for it.

Now that the price has increased and back to $45000. This is going to give everyone the thought that the Bitcoin Spot ETF did really have an impact to the price.

We're not yet done and we're waiting for more as the more impactful and better event that shall come on April is the one that is like the main event of this cycle.

The halving.

how you attack this market depends on your financial capability and what term are you looking at. because how you manage your finances will depend whether you are looking at short-term or long-term scenarios.
whether we like it or not, the launching of btc-related ETFs can increase the adoption rate in the crypto market. because those users who were previously hesitant in this market, will now gain confidence in checking out this market.

It is too easy for prices to rise a few percent and then fall due to high selling pressure. I don't really expect that to happen, but that's how the market works when most ETF investors dump their holdings. There is no other way for asset management companies like Grayscale Investments but to dump bitcoin to pay customers, and a price correction is inevitable as a result.

Today it seems that selling pressure is lower than demand. The price of bitcoin has broken through the $45k resistance which in previous days was in doubt, but in reality today bitcoin has crossed $45,500. Of course, any investor who bought in the $40k to under $45k range has seen a return, which is good news. The question now is; can bitcoin maintain its price above $45k until the weekend?

Now market conditions for Bitcoin have also changed again with the price increasing past $45K again. So Bitcoin buyers at the price of $42K in the past few days have started to be happy again with this increase because gradually the increase in Bitcoin prices has started to improve again over time. And it is also possible that it could approach $50K if there are no disturbances such as price corrections as has occurred in the previous few days in Bitcoin.

Yes i agree with you. I also think it has impact surely. Because Bitcoin ETF approved it is big event for Bitcoin and also good news. So it will effect therw has no doubt. After ETF approval we saw Bitcoin price some decreased dramatically but it is not problem i think. Because it was market correction i think. And after correction Bitcoin price again increasing. Today we saw bitcoin price increasing. Now bitcoin price $43.5 k i think in future it will more increase there has no doubt. After ETF approval Bitcoin price will increase instantly or increase speedily it is not like that, i could be impact gradually. And that is happening i think.

Price action today has been once again a rejection of a major Fibonnaci level which is around 43.2k.  On 4hr bars it shows up quite clearly because its a bearish pin something you dont want to step on because it hurts.  Some think that can lead to further selling but I would state it the other way round, we are below the weekly average now so yea BTC in this very short term look is on its knees briefly.  If it gets back up and tries to break down 43.2k again be optimistic because the door will break if hit enough times and then the price action will be open to be more obviously positive.  
  On the cards for some months now has been a pullback to 30k area but really its not gone far at all, between the oscillation we are in summary just sideways so take it too serious just yet.   Theres no clear signal just people waiting and I presume action after we cross the line either way.

50 day average is more important we are dipping below that and its sideways direction. 37k or December start prices is the target downside.   Its not negative in the wider view this is mostly trading setups.

The fact that too many people end up having these type of hyped expectations regarding bitcoin has to be something unseen before. I mean we do wait for halving and that has to be something nice, nobody really questions the situation so it should be important, but we are talking about something much marginal eventually.

I have to say that we need to calm down a bit more, waiting for it to happen this much doesn't really make sense in the end. I do agree that we are going to end up with a good increase, but just because we are hyped, nothing more. ETF itself is not something that will take the price super high all by itself, but there will be a lot of people who will not use the ETF, but buy bitcoin because that got accepted which will make the price go up.

Everything has a process and stages, for those who like to join and buy in an ETF, that's okay, meaning what they buy is not another coin, just for BTC. Yes. Market expectations and response Maybe the market looked less pleasant in the past few days because corrections occur almost every time, even though they are small, however, in my opinion, the market is still in the safe category because it is not subject to strong corrections.

But does it really affect the market as of now, or still waiting to what would it bring in the future , many are looking for direct effect but we can see for half a month now yet we can barely see big investors coming in, or they are just waiting to when it will happen.
that is what you wanted but the problem is ? do the market shows it now or not?  try not to listen to your desire but instead look at the actual market.

Yes it should, cause it would actually bring in a lot of new investors into the market and bitcoin price might go up or even down, so Yes bitcoin etf would affect the price of bitcoin.

Bitcoin price movements in the market after the ETF approval were very clear and to this day the effects are still very much felt in the market. Because now the Bitcoin price movement is between $41K and $42K in a market with up and down conditions, so I think this is a very normal effect that occurs in Bitcoin after the influence of the ETF.

Everyone should not feel lazy about entering the market at this time, because if they are lazy it will only arise because of sideways conditions in the market. This will also cause everyone to regret not immediately making a decision when the price of Bitcoin was still not too high, so before it's too late it's a good idea for everyone to continue to enter the market and survive in this sideways market in order to get more thorough preparation when price movements Bitcoin started heading upwards in the following month.

I don't really think about it, I hope that BTC will wake up quickly and increase in price without having to wait for the program to run normally, which can be seen at the moment, this is a slow movement and uses up a lot of energy and if it continues sideways like this, it will make them too lazy to enter the market. and more waiting for market developments.

Nope that is not mate , temporary effect in market is always there and also look at the price now after weeks ? recovered and making its way up again , how many times did we see the ups and downs but the important part is that ETF is here to stay and in future will bring best result for all who are using and investing in bitcoin once those big guys started purchasing and showing the market what they can bring.

Theoretically, for every new policy [ETF approval] that emerges and is well received by the market, there should be an increase, but this is the opposite, which is certainly unexpected. But I agree that expecting an increase certainly requires a process, and I believe that in time, the real impact on bitcoin will be seen. But you are right, this is an opportunity to invest in bitcoin because the situation is possible, and you must remember that the halving season is approaching. Of course, there will be surprises in improvement.

The halving will take place in March or April this year and you also acknowledge that we will indeed see a bull season in 2025. So why are you disappointed with ETFs that were approved in less than a month? And on what basis do you think people don't care much about ETFs?

Right on this forum a month ago, if you pay attention, you will see a series of topics about ETFs being created and discussed every day. How can you say that the interest in it is not too great?

I see many people have the same thoughts as you, criticizing and being disappointed with ETFs when things don't work out as you expected. But did you know that whether it's an ETF or a halving, it all takes time to impact bitcoin?

As of today the market is recovering and making its position to 42k gain after falling to 38 k so asking if ETF have any impact today? I think this is far from reality at least not today or tomorrow.
but what we need to wait here is the Big boys buying their share before the Halving or after that halving , as they are looking for more discount before pumping the great bitcoin again. this may take time but trust me it is worth it a wait.

There was a positive effect of bitcoin ETF on the price of bitcoin but after sometimes may be due to news the price of bitcoin and all other coins reduces to lower worth but it is not due to ETF but it is due to bad news that originated recently.

I think that there is a greater Fluctuations because sometimes good events take place that move price higher while on other other some bad news cause the price to decrease. But now again bitcoin is going higher as in previous days 39k$ was the lowest price of current month.

Keep holding your bitcoin if ETF approval does not enhance the price of bitcoin then surely it will be increases by the origination of halving because after Bitcoin ETF approval 48k$ was the highest price if this year therefore don't loss hope as price will show pump very soon.

Yes, everything takes time, we cannot ask bitcoin to skyrocket immediately after the ETF is approved. People were too greedy and paid a heavy price for placing too much hope in ETFs that would help bitcoin fly to the moon when the ETFs were only approved in less than 2 weeks. Furthermore, I believe this will happen again when the halving happens, people are repeating the mistake that bitcoin will increase in price immediately when the halving occurs. But they don't know that it has never happened in the past, the bull season will only come a few months or a year after the halving takes place. I believe that when the halving happens, we will see many people whining and expressing disappointment in the same way people are disappointed with ETFs.

After the bitcoin ETF was approved, the price did not skyrocket but instead fell. so the interest of bitcoin users regarding ETF is not too big. wait until after the new bitcoin halving will go up high. maybe wait until 2025 to see the effect of bitcoin halving on the price of bitcoin.

ETF approval will must effect like what is happened on the others cases. But expecting skyrocking price will not be happening. For seeing prover effect it will takes time. But if you see the investment on bitcoin is increasing a lot after the ETF approval and what is Why we are also seeing the changes on volume. So take the opportunity investment on bitcoin for long term to gain some good profit on the next bull run after the halving season.

This is a real thing after the ETF approval and almost accumulating a lot of BTC, but what happened was that the price actually corrected. It seems you are right that there was no significant impact, but is it true that in the future it really won't have an impact, even as you said for a later time? I think of course we will see later, and it is difficult to predict.I think that when it is corrected, it is the right time to continue buying with whatever scheme you can do. As your suggestion with DCA suggests, it will really determine the amount of savings you have.

For a while there is no effect or if there is something and that is dumping because the market is
showing badly since yesterday and shows more on happening today that may continue till the whole week ,
expecting the fall down to 30k again,.

Well I think we all did think the ETF was going to have a impact on price of Bitcoin. We knew there was going to be some correction but not a bad one like it is now.

Bitcoin price is down 20% since ETF trading did begin this month. https://www.bnnbloomberg.ca/bitcoin-has-dropped-about-20-since-landmark-us-spot-etfs-began-trading-1.2025163

Those big corporations with big deep pockets going into bitcoin will definitely have something benefiting us. I know that its not going to be all that simple, and I know that it will take a while to make that work, yes it is not that simple, but at the end of the day we are talking about people who are having some sort of situation that doesn't really feel like a big deal to me. I know its not that simple, and I know that it will have some problems when all that much money comes in all at once, and if there are any corrections afterwards, it will be brutal for many investors as well.

But, I do see the long term results of this to be great and should be something that we could all enjoy and feel happy about, because the price will go up.

Yes, of course, any related news, especially direct news like this, will have an effect on the entire crypto market.
Even though it is not visible directly, in the short term you will see market action regarding it, for example the market response when it found out that the Bitcoin ETF had been rejected, and the market fell briefly, although then it returned to normal.

I also think so, and I also don't think it will be as imagined, I mean if Bitcoin ETF is accepted it won't immediately have a good impact, because the movement can be read, I think there are some whales playing with the price by selling it and making it seem like the price of Bitcoin is not affected by the news .
The point is that news can manipulate the market in the short term.

Because this was more a step towards legalization and recognition in the large financial sector, which is already good. Yes, the fact that the price did not immediately increase disappointed many, but it was predictable, this is just the first step, then more and more funds will join if the result satisfies them .And our task now is to continue to accumulate our reserves in this you are absolutely 100% right

Almost one week after ETF Bitcoin approval not bring positive impact for bitcoin raise to higher price, like an hype awhile only with bitcoin raise up drastically until $47k and can't stable for longer time before bitcoin getting down price under $41k right now. ETF bitcoin finally approved but we can see the result with approval not bring positive yet with bitcoin keep stable on lower price and very difficult raise up to higher price since ETF Bitcoin approval announced.

I think have difference with bitcoin keep stable on lower price without announcing about ETF approval, has possibility with bitcoin will raise above $50k in short time exactly left few months before halving and bitcoin price will make close with All time high price but ETF approval change our dreaming for bitcoin return back to higher price.

That has an impact; we won't feel it right away because the approved institutional companies that gave their applications still have compliances that must be submitted to the SEC, as far as I know, if I'm not mistaken.

So instead of thinking about the impact of that ETF, we should continue what we started to accumulate: Bitcoin and other cryptocurrencies that can give us big profits or savings in the future. Let's just wait for a few periods to see the impact of the result of this ETF after the approval of the SEC.

While others have concluded that bitcoin ETF does not actually brings an advantage for bitcoin, I prefer to just believe that most probably, bitcoin ETF is still working on its process so it can offer opportunities and advantages to all bitcoin investors. This might not be possible this year, but hopefully in the long run we won’t be regretting that bitcoin ETF has finally approved.

Bitcoin price crash has nothing to do with bitcoin ETF, but most likely it’s high volatility. So we don’t have to blame this ETF for the current price crash, bitcoin has its due time when to rise high and when to drop its price.

It will take some time for the demand for spot ETFs to affect Bitcoin's price. Most, if not all, of the newly approved ETFs either already had their own bitcoins to offer to the first wave of investors, or they had over-the-counter deals with Coinbase (or maybe other entities) to purchase btc from them outside of normal exchange (so with no impact on the price).
At the same time, a lot of speculators start dumping, following the "buy the rumours, sell the news" tactic. Hence the price drop.

A week after Bitcoin ETFs Approval, why prices of many coins/tokens decreased?

As soon as Bitcoin spot ETFs were introduced earlier this month, issuers immediately began vying for a share of the market. These ETF products simplify the process for investors to invest in underlying assets, but they also entail management fees for the issuers. However, in the case of Bitcoin spot ETFs, many issuers quickly lowered their fees to draw in Assets Under Management (AUM). The fees vary from 0.2% to 1.5%, and some issuers are even offering a fee waiver for an initial period to boost the attractiveness of their ETFs. For instance, Valkyrie, an ETF issuer, has reduced their fees to a mere 0.25% and is offering a three-month fee waiver following their ETF's launch.

The competitive free market drives these 11 Bitcoin spot ETF issuers to enhance their services, but it remains uncertain how much investment they will pull into the cryptocurrency sector. Anticipation of SEC approval had driven Bitcoin's price from under $30k in October 2023 to over $45k by January 9, 2024. Yet, many anticipated the SEC's final approval by January, leading to a widespread "sell the news" sentiment upon the actual ETF launch. The prevalent theory suggests that by the time the ETFs received approval, this event had already been priced into Bitcoin’s value, potentially causing a price dip as the news became a reality, leaving little room for future positive sentiment. Contrarily, some argue that post-ETF approval, issuers might need to acquire more Bitcoin, potentially exerting upward pressure on its price.

For now, with the way the market looks after the approval of the spot bitcoin ETF, the won’t be any significant impact in the market now and that does now also mean that the impact won’t come later. The approval of it that resulted to the crash in price is a good time to hold on to more bitcoin in your portfolio. Bitcoin price dipped and that is the most important time to buy bitcoin and add to your holdings via DCA method that you must have been using earlier.

Obviously it'll have a large impact on price over the long term, but because it is all OTC counter buying there isn't a direct immediate effect.

Just saw that the Blackrock ETF alone now has over a billion dollars of Bitcoin in it after just one week! That is likely the most popular of the new ETFs but with 10 other ETFs ya gotta figure it's likely over $2 billion now. The one complication is that Grayscale of course already had something like 700k BTC from its years of being a BTC Trust and it is likely some people in that converted ETF will sell and move to one of the other ETFs that have lower fees. In fact another thread on here had data on that whic said something like half a billion dollars has left Grayscale since the ETFs opened as of a few days ago. So if the other ETFs (let's guess based on the Blackrock numbers) have taken in 2-2.5 billion dollars of bitcoin, the net buying of ETFs in the first week (5 business days) has likely been 1.5-2 billion dollars.


That's a heck of a lot of bitcoin being soaked up in just a week, and it is rising everyday, as blackrock only had $100+ million after one days and under half a billion after three days. But it's all OTC. Eventually there's not going to be enough OTC bitcoins to handle all the ETF buying so OTC sellers are going to have to start getting some of their supply from exchanges to meet the added ETF demand. That is when the price booms.

While it turned out that the ETF, after briefly spiking the price a bit, was a sell-the-news event, once the ETF buying starts drying out the OTC market it'll start affecting the exchange market and ETFs will supply a nice ongoing push for the price. I would guess this positive price effect will start next month as the Bitcoin ETF buying starts getting up to several billion dollars. And of course once the price starts going up you're gonna have the sell-the-news sellers in the exchange market buying back in to boost the price even more. This sell-the-news dip is going to be short lived, though it may last at least through end of this month.

Bitcoin ETF can't have a further impact on Bitcoin in my opinion, the news that surrounded the filing and the approval/rejection saga at that time was too tense by people and media which was what caused the positive effect we saw and this has been well-priced in. Fine, it is a good development for Bitcoin but at the same time, Bitcoin could be invested in without any issues and the capitalisation will feel it without ETF. Just as it is with the withdrawal of funds from the Bitcoin market, so it is not new about this, and it will continue to follow the right demand and supplies like any other asset and market.

However, what the ETF would only do for some people who are interested (I am not) is that it will ease their investment activities with it but they pay more as well and they will surely commit their money to the hand of a custodial arrangement which Bitcoin itself from the beginning by virtue of decentralization didn't want, and preached against. Also, the price will not be determined by exchanges again but by the new development just as it is in the traditional market. This is not what will per se bring money to Bitcoin but the adoption and effective usage of Bitcoin itself. This is growing over time and will continue to grow with or without ETF.

Actually it's gonna have impact on Bitcoin price but gradually as what we are seeing now is as a result of some corrections that are being made that's why the price didn't skyrocket as almost every one thought that after ETFs approval that the price is gonna jump. You know, almost everyone was expecting the price to pump but had it been it was so; a lot of short term investors would have only been interested in selling off their coin since they feel they've made a little profit from their investments rather than hold their coin so definely, bitcoin price will increase but not at a time that everyone will be anticipating.

I don't think all the big players like Blackrock would even bother with filing that ETF application if they didn't know there will be a big demand for it. So I'm fairly confident that this will have a significant effect, even if it's stretched over a longer time.
And if the demand for all those ETFs overlaps with the "normal", post-halving pump (resulting from the 4-year cycle pattern) then breaking the $100k barrier sounds very plausible.

The greatest and most genuine long lasting effects do accumulate over time.  What we often note loudly and believe lasts is just hype and froth from speculative moves often using leverage.   Not quite net sum trades but we have to be ready for every move up to equalize and move down just as much resulting in no gain at all because thats how a rollercoaster works.  It is the trick of the fun fair that somehow we are surprised every time by this new and amazing ride but none of it is new besides some news basically we should know better and we dont.   There is a gain but its slower then we'd like, this entire year is the gain most likely Im not sure if all we gain 2024 has already been described in that run up for 48k, I guess more then that.
  ETF is like an extra bit of involvement by the masses, another door open to those that want.

Perhaps it was just a minor dip, because as you have said, they buy the rumor, sell the news and many fall for that trap or trick. Nevertheless,  still good to hear that those ETF's are finally approved, at least we can move on and wait for the halving now as this is the most important events to follow.

Of course, the effect might be delayed, but I speculate that once the halving is done and we commence a bull run, many are going to FOMO on the ETF and it could be the biggest factor for this bull run this year or at least this cycle going into $100k or more.

It have increased to pass $48k before it is crashing now. Although the increase was very short time, it was also the impact of Bitcoin ETF.

Yep. We can't expect the Bitcoin ETF approval to bring instant impacts to Bitcoin price. We also must realize that Bitcoin already increased constantly in the last few weeks, it needs time for correction. In theory, Bitcoin ETF approval may boost the Bitcoin price but there are many other factors to influence the price as well. Market manipulation also can be the reason why there is no significant impact on the Bitcoin price. Or the price becomes quite stable because the investors prefer to see and wait first, they are analyzing the possibility of dumps before the Bitcoin halving.

The current Bitcoin price movement is very critical at the moment, with many speculating that the Bitcoin price may once again head lower before the upcoming halving. But it is not surprising. Because Bitcoin has already shown this image before. But the positive side is that the market is stable at the moment and provable halving will be held in July we might get a few months before that but in the meantime everyone will be trying to keep as many bitcoins in their bags as possible. As ETFs are approved investments obviously will increase.

Moreover, we cannot specify anything in the trading platform except prediction. Always keep up to date with market analysis. In this moment it is better to be prepared for bull run.

I also think that buying at this time is still a very appropriate time if we remember the potential and achievements that are very possible for Bitcoin this year. Because after the halving moment is over, usually Bitcoin and market conditions will continue to improve and that is certainly not wrong for everyone to hope for, especially buyers at the current price of $42K. And I also believe that the price of $70K could reach this year if the decline is not big enough and the movement can start from the current price.

Definitely, I think that anything that has bitcoin on it's name and it's being connected to the government, it's definitely going to have some form of impact to the price of bitcoin and I think that the impact on this one is definitely a positive one because those that got approved to sell their ETFs to investors are definitely going to sell it like they sell stocks, they're going to need a lot of investors for these to make them a bunch of profit. It will take a long time though as any other good things out there, there's no way that the impact is immediate right? While waiting, might as well buy more bitcoin to get as much value as you can when the price goes up in the future.

Crash, if you can call it that, was likely due to people "buying the rumours and selling the news". i.e. those who loaded up earlier when approval of ETFs was uncertain are now taking their profits. Many will be looking to buy back at lower levels.

As for the actual, non-speculative, impact of ETFs - this will be delayed in time. Current demand is probably mostly satisfied with over-the-counter (OTC) deals (e.g. Coinbase's own stash) or bitcoins acquired earlier by the ETFs issuers. Once those run out, they'll have to start buying on the market, driving the price up.

For those who dont have knowledge or having that experience then for sure they would really be having this kind of impression on which that ETF approval turns out to be shit, but for those people who are really that
having some experience on how market works and how it behaves and other fundamentals then they would really be normally be trying out to assume that positive effects of this ETH approval might take up some time.
Now that the price is really that having some correction or retracement but i wont be shocked if this one would be easily breaking 50k-60k on this year or few months later.
We do really just need up some another positive catalyst which would really be pushing up the price goes higher but well we do know on how this market behaves or works.

Lets just see on how it would really be able to make that huge effect into this market now that intitutional funds are really that flowing into but i wont really be shocked
if there would really be some obvious manipulative kind of acts.  

What is happening in the market in recent days is "buy rumors, sell truth" and this has also been warned a lot before the ETF was approved. But most investors don't believe that, so they are disappointed when bitcoin prices continue to fall and show no signs of stopping.

But I think even if these funds sell all their bitcoin it won't cause bitcoin to drop to $30k even though then it would be a good time to buy bitcoin but I think that won't happen.

The fact that the price is dropping in an understandable manner, to a point where it just gets a correction back to what it was, is the reason why we should not be worried about it. If the price dropped anything below what we have seen so far this year, like a new yearly low, then maybe we will consider it, and that has to be under 40k, so the moment you see 39999 price then maybe you could worry, I wouldn't worry even then, I would just consider that a good buying price, but not everyone has to be like me.

However, if we are certain that we are going to get a good result, then these type of small corrections should not put us out of our way. I know that we are going to end up with a much better statement if we could probably do that.

But this is not the first time the price of Bitcoin is crashing in the crypto market, and you know that any opportunity that appear in the market buyers and sellers always use it to position themselves either buying Bitcoin and hold for future purpose or sell in the bullish season to make income. Since the ETF just newly approved in the crypto market, I think there will be positive effect before the end of this year 2024 so that investors will begin to see what they have never see before in their holding.  Since people are still buying Bitcoin and companies that bought before are still ready to buy more and hold for the price to increase higher speedily so that they can start supply to the market to earn well.

Today I am pretty sure there was more net outflows from the etfs than inflows. This is mostly due to GBTC, according to the filings, they sold another $600M or so. So if you compare the volumes for the rest you will find that more was outflows than inflows today.

I think when they finally stop selling then we will get some nice momentum to the upside but with all this massive selling I think we will chop around and eventually head lower to the $30Ks due to all this sell pressure.

I see any dip in price right now as a very big opportunity for people who want to invest. Like you said this is the beginning of the bull run and if the price depreciates now it's kind of a good thing. Bitcoin has the potential of reaching up to 70k or above this year so buying Bitcoin at $42k is a big win.

That seems to be the case here as well. Most people are reacting like this is a big deal but in reality we have to just realize that this isn't as big as you think it is, and we should consider this as normal. I understand that we are not going to get to see anything that would be out of ordinary. Bitcoin price going super high and super low all within a week is something we need to get used to, it is not really a new thing, it is not that complicated, we should be considering that normal.

Some people are still not used to it, some because they are newbies, some because they are not emotionally controlled people and they all end up having some sort of different reactions to it. I believe that we should be clam when this happens.

Just think about it, fake news about approval btc ETF already gave a sudden surge in its price.
What more if there will be a lot of crypto ETFs' approval? That would give a very good hype in this market.
For sure, a lot will jump on the bandwagon, even noncrypto users will dip their hands on this.
And as the halving is near again, it would surely further contribute to its price growth.

The market needs time to get a positive response from large investors after the approval of the bitcoin ETF. It may take several months before prices actually rise, so I agree that ETFs do not have an immediate impact on prices even if the fundamentals are considered good. Moreover, the bitcoin halving will occur in a few months, so maybe this will be a benchmark for investors before carrying out further accumulation.

In anticipation of larger price spikes, holders should know what they should do now. Yes, accumulation and DCA are things they should consider rather than letting the portfolio stay the same over the long term.

SELL THE NEWS!
BUY THE RUMOR!

Its always been like this and this had been that a common action that most traders/investors would really be doing. Lots of had been anticipating for Bitcoins price to shoot up high or reaching out on new ATH
when ETF is going to be approved but look at on what happened? We are seeing the different scenario or situation as of this moment on which they had made those long positions and bullish ones left hanging. 
Come to know that there are even those sudden hack and made out some false post about approval and then its been deleted and telling that they've been hacked. LOL!

Now that the price is really that playing around 40k+ up then i dont see for this to be a major drop down. It is really just that people are really that anticipating or really
that expecting way too high in regarding on the potential price without even trying out to think on what are the probable situations that they could really
be able to encounter into this manipulative space.

Give it a few months and it'll have an impact on price imo, as it's an on-ramp with genuine BTC buying pressure potential, but these things take time, and until then it won't "help" price what so ever. Only complete degens buy into ETFs or related product/stocks on launch, the rest of the crowd sensibly take a "wait and see" type approach, at least until price action is positive instead of negative. Many expected a "god candle" or major pump with this launch, but clearly they forgot that they were dealing with Wall St, who'd much prefer to wait for a 50% drop before investing than buying product launches.

The positive is that the halving is only a few months away, and if history repeats itself, this will likely bring about price stability (even if in a boring sideways manner). This will in turn be positive for the ETFs once price stability is established, and could well encourage considerable demand for such products now they are readily available. I'm potentially more optimistic over the 2024/2025 bull run than that what occurred in 2021, mainly because there is an institutional on-ramp for large scale investment, unlike in 2021. So if Bitcoin is to return to a $1 trillion valuation, and higher, then it'll be based on having products available like ETFs.

I'd argue that in hindsight the upside potential was "capped" predominantly by retail investment and hedge funds, so anything over $1T was unsustainable.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.