Bitcoin Forum

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

In the initial stage of approval of Bitcoin ETF, the price of Bitcoin may not reflect much because already everyone in loss and exhausted with cryptomarkets by investing their savings. And no one fall for bigger moves because that will lead to crashes ultimately. So everyone will make small moves and the price of Bitcoin also will start climbing slowly and will reach its ATH in near terms.

Bitcoin-ETF will provoke more speculation and manipulation of its price.

The price of Bitcoin will rise to 15-18K, then the investors will want to fix the profit.

There will be a swing, with a greater price of Bitcoin, if the market capitalization increases.

I am personally not too optimistic about bitcoin ETF and it's effect on the market.
It would increase adoption but in the long run it would not have much of an impact on the price and value.
ETF only creates a safer investment option for big investors.

it may have a profound effect on the increase in bitcoin prices because people already know bitcoin technology further, they will again invest into bitcoin, if Bitcoin ETF is approved it is the beginning of a more like future 2017

Literally, ETF being approved is what everyone has been waiting for and I can assertain that for peeps that bought at 17-18k last year, they would want fast increase but there won't be that kinda rush,instead it will moon steadily.

First understand the basics of ETF. There are several types of ETF but the major types are Physical and Synthetic. The physical ETF deals in real underlying asset, that means a physical ETF actually buys the underlying asset from the market. Whereas, a synthetic ETF usually deals in futures contracts of the underlying assets without actually buying the product from the market.

So you need to understand what kind of bitcoin ETF is actually being approved! If you see a synthetic bitcoin ETF has been approved, don't expect any impact on the market because the managing company is not going to buy any physical bitcoin. They will just buy bitcoin future contracts as an underlying asset.

However, if you see that a physical ETF has been approved, you can certainly expect a good spike in price because then physical bitcoins will be bought from the market by the managing company. It will create fresh fund inflow and increase the demand in the market.

I am not very optimistic with this ETF thing because several companies have shown their interest, but only Winklevoss ETF was the physical one. Rest all were synthetic.

as avikz hints with the physical ETF, expect a spike.

but to know the impact/magnitude. you need to first find the details.

unless you can look at the details of a ETF proposal to know how many coins its trust currently holds, how many shares it equates to.. to estimate how fast all them shares will get sold before the trust needs to buy another basket of btc to offer more shares... you have no way of even estimating
you just end up throwing a bunch of numbers in the air like confetti and just grabbing a random number.

it might be best for people to research

EG
take the winklevoss.. i remember years ago they had 200k coins in trust (1.2bill value today)

now imagine that of 320m americans only 32m customers of a certain investment company wanted to 10% diversify their investment



lets call it 100k average .. so $10k is diversified for btc etf per person
.. thats $320,000,000,000 (320billion)

ok lets say only 1% diversified as BTC.. thats 32billion

ok so we know that if only 10% of a population (lowball)
and they only invest 1% of their funds into btc (lowball)

the amount of funds looking to buy a bitcoin ETF share is 26x more than the winkles currently have
screw it lts low ball it again. lets say its a 0.1% diversification into btc.

thats still 2.6x more demand than the winkles can offer. so the winkles will need to grab up another more than 300k coins just to meet the lowball demand of 32million retirement portfolios looking for 0.1% holding

If it is true that bitcoin will be approved by the ETF, it will definitely have a big impact on the price of bitcoin, and the possibility of a price going back to the positive trend starts from the breakdown of the $ 10000 price and the next must be able to break in the $ 12000 area to start a new bullish trend.

I only think of two things if the ETF is approved. it will be the end of the bear market and the bull run will begin. although it doesn't have much influence, but I'm sure ETFs can increase the price of bitcoin.

If I were you OP, I would not expect much from ETFs since they won't impact the market that much because:
unless there will be another physical ETF in the future(that will be approved by SEC). Either way, the continuous stream of ETFs for bitcoin is a big help in speeding up the growth of its adoption rate even if they are not getting approved(since it greatly helps in spreading the existence of bitcoin through news).

Im sure we would see a nice little run up again if an ETF was approved, but Bakkt is a bigger deal and nobody seems to care.  ???

for some people that know it,they will put it this way and won't make a rash decision.
but sadly,a lot of people that joined this cryptosphere do not really understand about this at all and when that thing comes true.
no matter what is it,the price will spike in a day or two then going down slowly again,because peoples are expecting a quick money and they will shill it as much as they can to gain a profit.

For the sake of argument, let's say SEC really approved the ETF, we might see big money flowing we might even break the 5 digit barrier again. But still the question this new money flowing in for long term or just to take advantage of the situation and the next thing we know the price goes down again? That's what I'm afraid for if ETF gets approved. We might see artificial pump that can hurt the market in the long run.

On approval, I'd expect a short-lived pump. But the pump will come from existing traders whose liquidity is already on spot exchanges, not from Wall Street or anything like that. It's still essentially a "sell the news" event and I doubt the rally will sustain into a new ATH or anything.

It's not like the ETF will be immediately launched at that time. Even if the ETF were approved tomorrow, the infrastructure still isn't there for sustainable institutional investment. I also suspect that larger institutional players would patiently wait for the opportunity to accumulate, rather than fomo'ing into a news rally.

I see no long-term effect when Bitcoin ETFs are approve but I do agree with everyone who will say that it will create a minor price rally during the first few days/weeks when the announcement of approval is release and that is because a lot of people will see this as good news and traders (especially the whales) will use this to pump the prices up, it can be short or it can be long just what we have seen last December but to see if there will be long term positive effect on its fundamentals I doubt there will be even one.

I do not see the connect between an ETF being approved and the price of BTC increasing. It's much like futures in that no bitcoin change hands therefore there needs to be some knock-on that causes people to buy BTC for there to be any expected increase. All I see is that less people may buy BTC because instead they can just speculate using the ETF without needing to own any actual coins.

There will be a huge demand increase from a lot of traders who used to discover how important bitcoin as an asset. Hopefully we'll be able to see the better effect on our lives, since the market tries to recover day by day yet struggles with the bearish market. Good news will spread around the globe and then it creates positive impact once this ETF will be successful and surely price increase will follow through.

An ETF approval will start a new bull rally IMO. I think we can hit a new ATH

I don't think ETF will make price move up suddenly but its going to be grow eventually more than $20k.
Those investors who had bought at such price I think had dumped their coins long time before the price dip to $10,000. but it must be good if they buy back now at least they will still have the BTC which the price possibilities are much higher.

one point remains unclear though. and that is whether these companies have already bought bitcoin to back their proposal or will they only buy when the price goes up? if i am not mistaken ETF proposals suck as that of Winklewoss have already had the backing coins in their pocket so they wouldn't buy after approval. additionally even if they did buy afterwards it shouldn't affect the price since you aim to do the purchase in a way not to affect anything, possibly even buy off-the market or with some shadow orders.
lets not forget that the amount they can buy is fixed and is embedded in the proposal they can not change it. so there wouldn't be an "inflow" of funds. there will be a one time purchase then people will buy the IOUs from them while they have the coins to back it up.

another discussion would be the market reaction in which case the type of ETF wouldn't matter. the market may see the news as positive or a buy signal and start buying hence push the price up as it works with any other positive news.

I'd like to say the same thing as well that don't expect too much with it but understand what really ETF's are. It will determine a small price pump but just like what others said that you have to know the details regarding it. Just like what's with bitcoin futures before, a lot of people doesn't have an idea about and is only thinking about the spikes. I also agree with those that said it will create a short term pump and later on we'll be back on where it used to be. Well, I don't know if SEC is playing with this they keep on delaying it.

Yeah it could very well be a simple kick to excite newbies if it does get approved but nothing like what they're expecting. It won't have a lasting significant effect that's for sure, considering that many crypto supporters aren't really in favor as well of etf.

Maybe a pump that would not last might ensue immediately after initial ETF approval but I think it ETF alone will not necessarily attract all forms of institutional investor. I'd bet on a new technology that solves scalability issue above ETF anyday

Why, though? Fundamentally? Approval =/= launch, and approval =/= demand.

As one example, when the CME launched BTC futures last year, the price crashed. It's all about timing.

Bull rallies are born based on supply/demand imbalance, not hype. Hype comes later, after the price is already skyrocketing. If an ETF approval comes after an accumulation period where long term supply has been absorbed, then yeah, it could spark a legitimate new bull market. But if the bear market hasn't run its course yet, I wouldn't plan on it.

I lost a huge sum being bullish on the first ETF proposal I wont make the same mistake again I am cautiously optimistic for a price spike on a ETF passing

Many hype before about the ETF and I think now its over, what ever the decision is, people are already learn from this thing. Do we really need this thing? or its just another thing to hype this market. I still believe on bitcoin of course, but I don't want to feel the excitement again, so I will just wait for the final decision and I will keep on buying at a dump price of bitcoin.

Because of most of the newbies are only thinking that if ever ETF's would be approved there will be a rise in price.

They don't care about the other things or they don't even know what does that ETF really means. That's creating a domino effect for others so they are in favor of the ETF and only thinks that its the only hope that we've got to be able to make the price goes up again.

Bitcoin ETF is good as it would give investors a way to invest in Bitcoin through regulated brokers, which would increase confidence. This form of investment would be insured against hacking and theft, therefore protecting investors from losses. In general, if it will be approve the the real demand will increase making the price to become expensive too as it will attract more people to invest.

Yes, exactly but don't expect high returns in short-term but once they start approving the ETF then definitely the price of Bitcoin will not increase fastly. ETF proposal is always good but in long-term SEC is taking some measure in order to control the frauds.

In this market we can only predicts the movements of bitcoin by it reactions.  Since the issue of ETF came on board we have bitcoin reacting and it has been going down because of the disaprover.  If it is approve definitely, bitcoin is going to go bullish and the bull run will last for long.

It is true what you say, only physical BTC ETF can seriously affect the market, but we do not know in what way big investors will react on ETF approval. Some general opinion is that big money should enter in crypto market, but we can not be sure that this will happen. BTC ETF is just easy way to invest, but some other things need to be regulated before BTC attract big money. By the way, Winklevoss ETF was not physical - you probably think on VanEck-SolidX Bitcoin ETF.


I agree with you, Bakkt should be big thing for BTC and it is 100% sure that will certainly happen before the end of this year. Maybe the crypto community did not recognize enough the potential of this project, and I am sure many never heard for that. However we will see soon if Bakkt can make some significant changes in cryptocurrency world.

price didn't crash after Futures launch. the price had gone up with a sharp rise before the launch in anticipation of positive news and then when the news came out itself it was time to take the profit out so the price dropped. it was more like a correction. and the the big bang happened to $20k.

if bitcoin ETF is approved it will make people happy because this can be the beginning of the return of bitcoin but also no one knows whether this is good or bad news

I am not really expecting anything too much from the whole ETF approval anyway, both in terms of it getting approved or the impact it would have on the price. The market will behave however it wants to behave with or without the ETF and even though we expect that in the long run, this would bring in more smart moneys into the system, but at the same time, we would not just expect some skyrocketing over night because of that.

Simply, we might experience a short term pump as a result of speculation, but that still does not change anything as a lot of people would expect, but surely, it would bring about a matured market in the long run.

In my opinion i think bitcoin will grow after some time after ETF approval and can reach over 10k$ and will continue grow, so just hold your bitcoins. But has anyone any news that ETF will get approved this month?

It is not their fault! Since they have been hearing about some ETF approval all over the place, they just assumed it would be a saving grace for the market. Whether it is a saving grace or not, I guess time will tell. However, it is always normal for newbies to be enthusiastic about gains and will always want to come up with their own theory of how they expect prices to be at certain point in time.

There will be temporary effect in the bitcoin prices but it will make the volatility range of the cryptos to increases because there will be lot of investors who will make the coins to bump and dump and in long term the price growth rate maybe decreased because the prices will swing at some particular range because of the big investors.

We never know until things already happened, but in terms of price surely it will spike up after the approval, most expectators will begin to buy in when things shown positive, effects as investors will be more widely even new big whales will start playing buy and hold, those people who will accumulate and allow the price to pumped up are just waiting for the right timing after this decision.

Isn't that what he was referring to? Timing = sell the news = short the crap out of Bitcoin when CME (the largest exchange in the world) opens its markets.

If you also take into consideration that Bitcoin's worst months in terms of price action are all the first couple of months of each year, then it has only made people's urge to sell stronger. It applies to Q1 of 2019 as well, so what I'm doing is short Bitcoin around December 25 and buy back lower when most of the selling has been done. You can look it all up on the charts, they don't lie.

Since there are many ETF's coming and another coming rejection the price will pump and dump and this crisis will not be going to stop until the ETF approves it. According to the SEC they need further improvements before SEC approves it. So, there's a chance for ETF to be approved in the future.

That is why there are big investors playing the market and keep investing every time the price drop and they don't let the price drop below $6k there is a strong support at $6k so, ETF will be approved, but we don't know when, if it happens I'm sure the price of bitcoin will burst increase and maybe the price will touch again back to $10k that is why many big investors keep buying before the SEC making decision.

Easily. I think when we have a Bitcoin ETF, that the price will go to 50.000 USD.

I'm not blaming them, I saying that they are believing mostly that its the only way for the price increase of bitcoin. I've been there as well and I know what they feel but they have to understand that its not the only thing that we can hope for some heads up in the market. Decision will be coming out next year's Q1 so that's still a long way to go and I won't be shocked if they will delay it again.

Up till now, I still do not know why we still so much give so much attention to the price of bitcoin associated with ETF as the case may be, and I do not even believe any serious conclusion regarding that will be made this year, but absolutely because of the speculative nature of the market, people will always want to assume some possibilities for the market. The market has been doing well without ETF and I do not see any reason it should stop doing well without it in the long run.

You must be wrong. Why not 100,000 USD or even millions ? I believe before an ETF gets approval, we are going to see prices to breach $30k levels too. I mean SEC may take some time and in between times bitcoin will prove its own capabilities.

If/when an ETF is approved I think the hype surrounding that news will result in an immediate maybe $1000 spike and perhaps a corresponding rally for a couple weeks. When the ETF actually goes begins I think it won't really create a huge move but just add continuous upward pressure to the price that will help strengthen the next bull run over the next couple of years.

We had the same hype about CBOE and before you know it, people started realizing it still does not have much impact on the market except that the market fell hugely afterwards.

Speculation is a norm in this market, and we will always get to see people say something they want to believe about the future, but as it is, I would rather just take the ETF approval as just another normal development in the market, and just allow the market to do whatever it wants to do.

It is hard to say, how the all market will react after announcement of the verdict , no matter what it will be. The only solution and the right answer to your question would be,  that we we have to be patient, and wait for the verdict so that we can see for themselves how the market will react.

If that happened we will probably see a small bubble forming because people are going to be very optimistic about the future of bitcoin if that happened, but that growth is not going to last and then like always we're going to see a crash and we will go back to levels similar to the ones that we have right now, that is why I do not understand why people want ETFs approved because were not going to get a lot of benefits out of it.

i think not instant after approve bitcoin price can reach to 15k dollar
but need wait time maybe until end year bitcoin price can reach to 20k dollar, maybe above 20k dollar, if bitcoin approve

The price will up if etf is accepted because the investors feel more secure and they will put more funds on crypto,but it will be a temporary effect, if the etf being approved it can create a positive growth of crypto which will be good for all of us,but I am quite pessimistic about the etf proposal

We will always have those people who are so fond of looking for every means to give themselves hope, which is a good thing, but sometimes, just focusing on one thing so much than focusing on things that are so much relevant, will always make people to lose their main focus and goal, while trying to see the outcome of something.

Bitcoin ETF may be a good thing or not, but I believe this is something that only time will tell but for what it is worth, the approval should over time usher us into some mainstream level of adoption anyway.

It will be too late for any of you, none of us will ever know what the price will do if it gets accepted because the price will be affected way before the acceptance and we will know even before the results comes to us.

When we read the news that it is accepted the price would have probably already skyrocketed. People with insider info will buy as much as they can afford and let other friends know afterwards, they will buy and let others know, with that going about when it reaches to us it will be way too late to do anything about it. Do no expect a sudden change whenever it is accepted because you will not profit from it, whales will.

The price will be able to rise up higher but it will not be like last year However The ETF accepted will increase all investors' and users' failth and this fact will lead to bigger extension of bitcoin . After that bitcoin is possibly considered as future assets .

I think it will be no different than what happened with the Bitcoin futures last year. It will be buy the rumor and sell the news.

Basically it created alot of hype. People were thinking that people with their 401K pensions would be buying into the BTC futures and it would make the value sky-rocket and instead the opposite happened.

Even if you look at the volume and open interest for the CBOE and CME futures, its still very low. Compared that to the Gold markets which is huge.

An ETF is no different. People right now can buy BTC anyways if they really want to. Most will be scared to invest in BTC due to the huge volatility that it has experienced this past 9 months.

Do not be so sure yet, so many people said the same thing when the CME and CBOE futures contract was going to be launched and I saw a lot of people even calling $1m.

ETF or no ETF, the market has been growing and nothing will change the fact that even without it, the market would still not continue with its steady growth over the years as well as development, so I really do not see much effect even if there is any at all when it comes to ETF being approved.

We should focus more on seeing real life usage, than just assuming that ETF approval will just save the day for people who are looking to acquire wealth in the short term. Institutions are not dumb, they will get the weak hands out of the way to gain a better position in the long run.

At first there will definitely be hype.

People in the short term will buy up this news due to FOMO, in my opinion. However, in the long run, it's safe to say that there will essentially be no longlasting effects that an approved ETF would bring. Perhaps, it could lead to more market manipulation, even.

And that's only given that the unapproved, upon review ETFs are going to get approved. At this stage, it's very unlikely even though deadlines have been postponed that there is a serious possibility that previous precedents would be reversed.

A day is coming when this ETF will be approved and by then we would see how bitcoin is going to react to it.  However,  I am thinking ethereum will be the most beneficial as many ETF tokens will be louch on it.  Bitcoin will actually go bullish and it might get another moon because of the new investors coming into the market.

For ETH to get an ETF of its own Bitcoin first needs one. It won't be the other way around.

However I don't see an ETF for ETH anytime in the near future due to the problem that it still might be considerered a security.

Another issue with ETH is the tokens that it supports where a large portion of them ended up being pure scams. This won't go well with the SEC.

At first a BTC ETF for a few years to test stability and volume and active interest and then maybe an ETH ETF might be in the works.

At the end of the day, it would just be another FOMO period and the same rinse and repeat cycle kicking in again.
People tend to think that the approval of bitcoin ETF will all of a sudden just bring about a huge change in the price of bitcoin and massive adoption, but all these things take time.

I would not see anything different from now when compared to when everyone was calling moon because of the futures contract. With ETF approval, I do not see anything happening that would not have happened anyway without it.

Yeah, we will get to see some whales try to instigate price movement because of the news, knowing a lot of FOMO will kick in again, and may be afterwards is when we will get to even see the capitulation phase, when the market gets driven down hard the more.

If the bitcoin ETF can be approved, the price of bitcoin will definitely increase, I think it can at least increase by 40%!

SEC once again delayed the decision on whether to approve or reject the VanEck SolidX Bitcoin Trust!

https://coincodex.com/article/2721/sec-delays-decision-on-vaneck-solidx-btc-etf-sets-february-27-deadline-for-final-decision/

Well a lot of people are eager for an approval asap expecting it'll save the year for them but i wonder what's going to happen if it gets denied considering the state bitcoin's in right now.

Well it's hard to predict what will be happen to that ETF because until now theres no sign if its approved or not. But I think theres no affect to bitcoin if the ETF is approved or not because bitcoin is bitcoin before that ETF is come.

Bitcoin is no doubt bitcoin but we need ETF to be approved if we need to see a lot of rise in the prices of bitcoins. Currently there is not anything speical going on with bitcoin and every one is uncertain about bitcoin so the adaption rate is very low.

If ETF is approved we can see another big bull run this year, else i am not sure if the bear market will end or not. :(

I just wonder what changes they have made within themselves so that they will get approved unlike what we have seen in the past. Until now, so many ETF applications were rejected and I do not think what will be the possibility if we keep trying on.

Basically SEC kept rejecting all ETF applicants for the reason of lack of central administration for taking care of investors but that could not be fixed with bitcoins. I do believe only when SEC starts realizing the features of being  decentralized system like everyone should take care of themselves and should not depend on an authority then most probably we may get approval.

I'm not seeing SEC to liberalize their terms in near future but it may happen when there will be new people with modern thoughts governing there.

There will be no effect on the price.

And they are not going to approve it before we reach three-digits.

An etf is definitely not needed for the price to rise. Once the sellers on the market feel safe the bottom is in and so there is no reason to sell at current prices (which could take a bunch of months) the price will start to rise as they decide that selling at three or four thousand dollars isn't a good deal for them. An ETF if approved soon would likely make the price rise sooner, but it is by no means needed to make the price rise. An etf is just one of many factors that can contribute to the next bull run (ie more countries officially recognizing Bitcoin like Japan did in 2017, institutional players entering the market through stuff like BAKKT and Fidelity etc, greater merchant adoption, continued tech advancement including the LN, more financial people getting on board and publicly talking about the future of bitcoin, etc.

In my opinion there is a game behind all of this, they deliberately create conditions like this so that the price of bitcoin continues to decline and they can buy at low prices. after that there will be news if the ETF has been approved. this is only my guess.

why does ETF have no effect on prices? when we reach three digits and the ETF is approved, it won't change the price? then why are they waiting for us to reach three digits?

You might be right because even Winklevoss brothers also was not able to convince SEC. I mean even they are ready with all the requirements, the base of cryptocurrencies is till remaining as barrier here. Probably, SEC needs more time to study the crypto ecosystem but I suspect that they will compare it with traditional system which might lead to disagree with cryptocurrencies hence approvals may still get delayed for infinite time period.

Blockchain and decentralization concepts are becoming part of academic curriculum which may help higher officials to understand better and then may start considering to approve bitcoin based ETFs.

They will keep delaying all these until no one cares anymore and that's the time they approve. Even so they want no one will care when its going to be approved and I think you should really not care about it at all. I once want it to happen since last year but I doubt it will really happen in my lifetime. You just focus on more on acquiring more altcoins.

Nope you know that many things affect the market and the price of bitcoin. even someone's speculation can be influential if followed by many investors. especially the SEC which is a well-known institution and agency in the field of trade. of course the approval from the SEC can make many investors arrive.

To my personal opinion the influence of ETF approval on Bitcoin price is exaggerated. Even if approval happens I don't expect such big impact, at least not at long term. Some price rise might happen but this will be more of an instant character and the range will not be so big.
Also,  why relaying on ETF when we are all aware that this could be delayed indefinetely so don't count on that in making your personal goals and strategy.

To some their is high level of confidence on the approval to another it cant happen sooner than 2020. I believe the approval will affect the adoption rate, the important thing about this adoption is the long term effect.

In coming months they are Bitcoin Etf approvals so once we get these approvals we will see a positive bull market for crypto market

   It really is Bitbunny. People think too much about ETF approval. What ETF can do is to give some legitimacy to Bitcoin, and people will
fell more comfortable to use Bitcoin. For people who already decided to use Bitcoins ETF will not change much. 
   Every marketing is a good marketing, what ever they decide now can be changed next year. It`s just some approval, they will give it a
pass one day.

Hey I believe there’s a huge wave of sentiments riding on the approval of Bitcoins Etf, hence if approved I believe it shall have significant impact on the prices. It may not have the same impact like the one we witnessed during December 2017 rally, but it’ll definitely propel prices upwards at least up to 8k. Also it’s pertinent to note that if it was not to be approved we may only see a minor correction in the prices, as the possibilities of it not being approved has already been discounted.

The opposite thing when ETF was disapproved, last year there are a lot of times when ETF was dissaproved a it resulted to a plummets of price.
Therefore I believe that when it's gonna be approved, it will bring significant increase of the price, not only on bitcoin but on the entire market of crypto.

Maybe it will make the price moves to the higher price. But if once again bitcoin ETF got rejected, maybe it will push the price to get down again. But it doesn't mean bitcoin will end because bitcoin can rise again after the fallen and the price will increase higher. While I watch the bitcoin price moves in the market, I see that the traded is not too fast like before and I think people are waiting for a moment to enter to the market so they can buy bitcoin at a low price.

For sure cryptocurrency will get a good market for all its clients or consumers. Bitcoin that has reached its peak market price which is the 19K USD recorded on last 2017, it will be multiplied couple of times depending on the demand for that time if Bitcoin ETF's will be approved. Many user's will become glorious in this if it will going to happen.

I really find it strange that people are still talking about ETFs after all this while. You think the so-called Wall Street bulls are waiting for ETFs so they can change their ways of investing? Of course not,,, there are more than 150 countries outside USA willing and ready to take money for Bitcoin. OTC deals are so common now,,, if Wall Street does not know about this, that would be a shock.

Exactly. They put money in with or withiout etf. People have been badly beaten by the bears that they pin hopes on pretty much anything that sounds positive. Don't raise your hopes that much on this etf approval guys. Heartbreaks would hurt more.

Since 2016 that I come into bitcoin fully the issues of ETF approval has been the reason why bitcoin get dumped in pricing.  Bitcoin is going to do well when bitcoin ETF is approve then.  I seriously believe that investors are going to come into the market in ETF miraclely get approved.

I think it will either have a great impact on the price or a horrible one. After all this has been something we have been waiting for for a long long time and if the price doesn't really go up like the way we imagine it will be than we will be left with a similar priced coin that didn't get affected by the thing we hoped it would. That would create a chaos and the price would drop significantly because of people who lost hope on bitcoin price panic selling the coins they hold.

That hopelessness will spread soon to other coins as well and there will be a lot of people who get out of bitcoin and crypto markets totally moving to something else. However if what we imagine happens than we will definitely go towards higher prices like we hoped and than everything will be fine.

Why one end or another? Do you really believe that SEC, which is US securities and exchange commision, can have so huge affect on crypto? We have governments and banks on one side, crypto on other side, let`s take a look on a simple example:

What is Bitcoin ETF?
Let's understand the Bitcoin ETF meaning - The Bitcoin ETF will be the fund where the underlying asset will be Bitcoin. The Bitcoin ETF will provide the retail investors an opportunity to buy Bitcoin directly through the stock market, without actually owning it.

If you buy a Bitcoin ETF, then you don’t have to worry about its technical challenges like maintaining a Bitcoin wallet, buying Bitcoin and keeping it safe as well.
Source https://coinswitch.co/news/bitcoin-etf-approval-what-is-bitcoin-etf (https://coinswitch.co/news/bitcoin-etf-approval-what-is-bitcoin-etf)

Now can you say me did we need a stock market before? Did we need to give someone our private keys before? What does bitcoin etf really means? For me that`s just funny, how one government is trying to suppress and somehow regulate very fast growing crypto community.

They're trying to control the number 1 cryptocurrency. They want everybody to participate once it's approve. Im not even sure if the BTC price will really rise if ever ETF get's approve because 2018 really slapped everyone with their prediction of bitcoin to hit $25k.

This should be discussed also, cause people might be disappointed if they don't see what they expect in the price after ETF approval. I expect some reaction with the approaching ethereum hard fork, something in the height of $500 but it is struggling to stay above $100. I am looking at where the hope comes from. The whales are in charge and we call it decentralized.

In my opinion there will be few months of big consolidation period or a slight uptrend price action for Bitcoin, for altcoins hard to say but probably they're going to have an even better price action than Bitcoin.

Whales are not in charge, they are making huge waves but they are not in charge, again we can discuss about mining power and are whales and miners are the same people or you have whales among ordinary people too.  Each of us have optimistic prediction about crypto future, it`s cause we have crypto, and new big wave will come again, just not so soon like many people thinks it will. I`m here for a while, and I can say that world was never so interested in crypto like now, that will reflect on price eventually, we just need to be patient.

There will be some huge hype on the prices initially but in long ru it may not get any effect and its unlikely going to get approved too so there is no need to worry about ETF approval it also a word can tell by the price manipulators.

the main prediction if bitcoin Etfs are approved then we can expect the market to touch around 8000 dollars to 10000 dollars There are chances Etfs see positive news from Sec

If ETF is approve by sec this year it will be the reason why bitcoin and cryptocurrencies market is going to pump. I think many institutions investors are waiting for this approvals in other for them to invest into cryptocurrencies market as it seen the alternative to stocks and commodities market currently.

When Bitcoin ETF is accepted, I expect institutional investors to become interested in the cryptocurrency market, which will surely cause skyrocketing of Bitcoin's price.

sure it could happen when ETF already accepted.when BAKKT already launched their platform there will massive inflow come to cryptocurrency market.and its will make crypto price and demand rise extremely.

thats good to hear from you guys  . i love it when someome makes a good speculation because most that i read lately are all negative and bad news  .  if etf are approved the price can surely rise but its impossible to predict it because not all investors will easily be tempted to crypto even if they already witnessed its credibility  . doubts cant be remove because the potential risks are still there .

actually I am very sick of talking about ETFs, but that is our only chance to see bull this year. it looks like ETFs will never be approved before Bitcoin reaches $ 1k. it's very boring  ::)

There is no doubt bitcoin price will go up,  mean we all have been waiting for it for a long time and I think it will be the fire lit under bitcoin price that will take it to next level.

We are not going to see another 20 thousand dollars for a long time because it wasn't a news that made it go that high, it was the new investors that came in and increased the volume and the hype for bitcoin that made too many buyers with too little amount of sellers, with this ETF approved the buyers will not change drastically but sellers will not be willing to sell that much which means the price will definitely go up but probably not as much as it used to. There are big difference between them that is not quite common knowledge but it is still both a good result for people who are holding bitcoin.

Now it looks like the whole argument has changed since Van Eck / Solid X has official withdraw their Bitcoin ETF application. But the good thing is that the price continue to hold and it didn't affect the price in a negative way.

Does this mean that the bears are really exhausted at this point and no matter news coming for ETF's has no effect or didn't put a dent on the price?

You are right looks like bitcoin price are immunized from any news good/bad, I think the reason for withdrawal is to avoid being denied since US government is currently shutdown and they have until Feb. 27 for final decision with no extension if they will reapply again it will again reset for another 240 days extension.   

I believe this ETF thing had been hyped way too much that people were being put under the FUD to be played with these puppets as and when these so-called influencers wanted to. Even if they withdrew it, the markets remained so stable that nobody panicked and didn't really react the way these guys wanted. I believe that ETF is not a news of that high level when we compare these talks to Bakkt's launch, I'm awaiting on what's next on it.

It is certain that there will be many speculators if the ETF is approved and it will affect the volume and demand in various crypto markets.

Hey if you’re not aware then let me inform you, there will be no Bitcoins Etf approval this year, due to USA government shutdown the last Etf proposal was withdrawn. I don’t feel we will be seeing any impact on prices, as there were few chances of it being approved. There is good news though as there’s a slim hope it’ll be approved in 2020 so we will have to wait for it.

Now this makes it worst this year i hope we don't get too much bottom aside from $3k, it looks like we have to go down more this year. Next year is not yet certain if there will be bull run due to this shut down.
Not yet sure if there will be an approval of ETF next year because it seems that most of the speculator doesn't like the ETF anymore due to consecutive rejection of SEC.

Apparently a few days ago there was the cancellation of ETF CBOE, the American situation was the reason.
Anyway, the cryptomarket at that moment is at any possibility and situation!
What will happen will be natural because there is nothing more to stand or wait for, unfortunately or fortunately we are in the dark.
Bitcoin stumbled on the larger adoption, some big players are more concerned about accumulating dollars the BTC than properly supporting this adoption.
I realize that raising the price of BTC is not the correct and grandiose path of adoption, that's not what it's all about.

It neither got approved nor rejected :D. It is like NBA games where it goes to overtime, everyone plays Moneyline on who will win but neither side gets the money, only the sportsbook wins in that case. I don't know if this three week break will change anything but I can't wait to understand the possibility of timing.

I mean what if the ETF was not withdrawn and kept in discussion and since there will be 3 week opened government with every government worker (not contractors) getting paid and everyone keep doing their job maybe the ETF could have gotten accepted in this 3 week time ?

I am not so sure because I have never seen a break for shutdown before, usually there are shutdowns and than they find a solution and middle ground and than it opens, I don't know what happens when there is a break from shutdown so could it be considered during this 3 week time if it wasn't withdrawn or could it not be relevant during this break I don't know.

Many scenarios with ETF are possible and what it's even worse this situation with waiting to be approved or not could last almost forever.
Anyway, if it will be approved to my opinion it will cause positive movements and bigger demand on Bitcoin market but only temporary, I don't expect that to last too long. So, don't expect too much, ETF is not some kind of miracle that will make Bitcoin market to instantly recover.

If ever there will be an bitcoin ETF approval this year, it will be positive move for the cryptomarket and prices might react positively also. But I doubt if bitcoin ETF might get approval this year because of the recent US government partial shutdowns due to funding gap period. ETF and the BAKKT are supposed to be the ones that will help boost the prices in the cryptocurrency market but their launch is yet to be materialized.

I also think this is the most possible scenario.
but also if we consider the fact that bitcoin has been ready for a rise for some time now and in fact a rise can be considered long overdue, then we can see if a positive thing happens that can lead to a rise (no matter what that is) then that rise can act as a way of bringing back the confidence to the market and help with the subsequent rises that will take the market out of this slump of uncertainty state.

No it didnt make the market worst because even before , there is no etf's  or whatsoever but the price still go down due to fluctuations  .  this etf sucks too much , they keep us waiting all the time .  

I dont think that btc will ever got approved ,  they must not make alibi's .  if they dont like bitcoin then why cant they just tell the truth . reject or reject . wtf  .

Btc can stand on its own  and the price can rise and recover even without them .

Most likely, that will happen because ETH approval is one of the positive news that will increase the good potential of crypto.

That's the thing but I don't believe that will affect ETF, applications has been increasing and been modifying their application to fit on what the SEC need, so eventually they will be able to hit the right spot to make the officials give their green signal.

Its going to be a negotiation then.  But I realize someone there maybe the twins are already negotiating what must be in the proposal to get it approved. There were several of those who made some proposals all are denied, the government will have to take it if its going o favour on their side of course.

If Bitcoin ETF gets an approval from the SEC, the market may return bullish again because of the new investors that will also want to be involve in Bitcoin trading.

it will never happen because the ETF does not match the first goal of creating bitcoin and bitcoin can never be controlled by anyone. I hope the ETF cannot be applied to bitcoin because that will make bitcoin a danger.

i think your opinion totally wrong.etf approval would not make bitcoin danger.i could not imagine in which side bitcoin become dangerous thing after SEC approved ETF.it will good news for crypto community when ETF approved.

There is still no assurance if the crypto market will go bullish again after the SEC approves the bitcoin ETF. If the approval is recieved positively by the crypto community, a price uptrend might be happen but it be short term and the market will dump again after few days.. Both ETF and the BAKKT can turn the whole market into a temporary bullish mood.

ETF proposals should never be implemented in bitcoin or applied for the circulation and use of bitcoin because ETFs will make people not free to have bitcoin and will be full of very complicated regulations.

Depends from how people and investors will interpret this news, if more will buy and start investing due to this information we will see positive
trend and start some pumped around the market, and yes it can only be a temporary pumped and uncertain movements and possibly followed by
more dumped when those who able to gained a lot will start selling and another cycle will be past.

After Friday announcement hopes for ETF approval  came back
There is still possible to have ETF approved that year
If you ask for price prediction than i think bitcoin can set up new ATH
One day bitcoin ETF will be approved
I think that Bakkt is much more important for Bitcoin than ETF only
As for now we can pray to avoid yet another USA shutdown

If the situation like you said, take the opportunity to buy then sell to get short term profits
but don't regret if the price of bitcoin continues to rise :P

ETF approval would have been a turning point in crypto market but now it is postponed till future notice.



USA Government shutdown will not remain forever and i think it can be approved later this year, maybe in the 2nd quarter 2019. Don't lose hope.

Bitcoin ETFs are likely to be approved this time. This will be fueled well if the price of bitcoin keeps its present price stability. This is what the SEC need to make sure that bitcoin is not just a piece of manipulated coins as said by haters.
I personally, do not think about approvals or rejections but looking at the statements circulating, it is highly possible.

Don't be sure and confident with that, they are still not yet polished and all of those news were just rumors.

SEC changes their mind anytime.

We actually don't need this, bitcoin can survive even with these ETF's. But as part of the bitcoin community, I'll just go with the flow and whatever happens let's just be grateful whether another rejection gets because bitcoin is becoming more mainstream.

people said it many times,but the fact now only ETF approval that could attract investors comeback to cryptocurrency market and buying bitcoin.in any forum or group we heard this, they need ETF to add their confidence and comfortable investing in crypto.and dont forget the highest ever marketcap on cryptocurrency market was supported by institutional investors.they could back to market if ETF already approved.

that's right, ETFs are not needed in bitcoin, the movement and use of bitcoins should not have limits or ETFs, programs like this ETF will not be suitable for bitcoin.

I can't picture it out on what's the full effect of it once it's implemented but I'm all basing with the past events which we don't care about ETF. The market survived and did pretty well even having no ETF but people starts to like it and rumors gave that effect so there's or there's none, I'm okay with any of them.

If that will add the confidence to the investors, let's just wish for the best to bitcoin. We will have the halving soon and I'm more hyped with the result of it than ETF.

I am sure that sooner or later Bitcoin ETF will be accepted, but now it is a political tool and no one knows how long they will play with it.

No doubt that good news always boosts the market, so I hope that ETF approval will also put a very good effect on bitcoin price. I hope that it will even boost the entire market, people will become more confident and those people who are sideline from the market for a long time will hopeful join the market again, which will defiantly give a very good support to the market.

If it gets the approval it will give a very good effect to the market. Expect that boost but don't think that it will turn the market into bullish that quick. Expectations for the ETF's are too high so that's why I don't want to have that high hopes with it.
If it turns out to be a bad result, we will don't care at all but if it gets the approval that will create that effect that we are waiting for.

The SEC knows that those group behind those ETfs will not stop until it got approved so they'll make an agreement with them to make this happen. My theory is that they will be many rules within the aprroval that the SEC will ask and hopefully this that year and I hope they make the timing very good.

Well eventually one of these etfs will get an approval and it's likely to be this year. Though the effect may not be what some of us here are expecting. Of course an approval would probably trigger an increase in price since people might think it'll bring confidence back to the market by the bulk. And it likely will but i doubt if it can be sustained for a long time.

There are lots of predictions to bitcoin's future as long as ETF will be approved but generally, in its effect, it's all about bitcoin's rise and fall. If ETF can really push bitcoin's market cap and value drastically, then it is also the right time to buy more of bitcoin this time since bitcoin's price plunges down deep.

Okay so is true that they can actually sell bitcoin with just certificates or a piece of paper that tells they own BTC and this can make the price plunge down. If BTC goes down, shall the price of any altcoin can also go up like those utility and security tokens?


I felt bad learning all that but at the same time perseverance matter.

The market cap of bitcoin or the price of it should be focused on increasing it via mass adoption and not just expecting an ETF approval. Personally, i think that an ETF will bring more fluctuations in the market because there will be more whales that will have an impact on the bitcoin price.