Bitcoin Forum

Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important.

I believe it will still take years for bitcoin ETF to be released.
The sector needs more regulations, as quadriga CEO case showed us.

Sec is already looking at ETFs applications and I  believe this is generating a healthy discussion for the whole ecosystem

What are the implications of this? what does that mean for crypto?

The approval of a bitcoin ETF would be one thing for sure, though I don't think it would be great of an impact to actually ignite a bull run. Most people have already forgotten their desire to see a bitcoin ETF come into play, knowing that the fad and the hype would just fade after a few weeks/months. Similar to what the futures did to the market, it only generated hype for a short span of time and ends up being forgotten after the bull run was over. Frankly, we don't need an ETF to start the next bull run but rather wider adoption for the masses and services alike.

It's possible if a bitcoin ETF were to ever be approved that it becomes the catalyst of a bull run. It will not be the cause of the bull run though, as that is dictated by market cycles still.

Personally, I think that bitcoin ETFs will come as a matter of time. However, I don't think that short term prospects are that good at the moment for any ETFs approvals to be incoming our way, as the previous rejections of various ETF proposals in recent years have suggested.

Also, it's important to note that ETFs will likely not contribute tangibly to the development of the bitcoin network, but rather be somewhat of a point for traders to hype up. At the end of the day, it's going to be a tool for institutional investors to make their money, it's not going to increase the network's capacity or anything like that.

This is long over due now and some of the investors are now tire for this ETF thing. Do we really need it? I started to doubt now because of the delays or what. I know bitcoin can go higher again without ETF and that’s the most important thing but if ETF will be approved this year, then so be it.

At first, the news about bitcoin ETF brought a lot of hype and people were waiting for this event. But over time, it seems to me that everyone has lost interest in him. Its adoption was constantly postponed and people stopped waiting for it. I agree with the opinion above that in order to start bull run we do not need bitcoin ETF.

Not sure where the fascination with ETFs comes from. Institutions trading crypto does not mean institutions being bullish on crypto - just higher volumes. In fact futures can crash the price, too. I'd personally rather focus on adoption.

After a long time, ETF will be soon to be approve! but i hope this will continue and there will be no problem again like before.
This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.

you have to be careful who you call "experts"! most of those whom you see online spreading bullshit pretending to be "experts" are either idiots trying to make buck or actual experts that are spreading misinformation to make millions.

as for ETF, i think at some point in the past people disagreed about whether it is going to be approved or not but now they all agree that it is not going to be approved anytime soon as we have all seen how SEC rejects all of them and is not planning on changing their course.
as for the "bull run" since the market is ready i'd say if an ETF was approved it may help start the bull run unlike before when market wasn't ready so its effects could not be anticipated.

Well everyone says that an ETF will boost the price again because institutional money will flow to the ecosystem. But we can't really say for certain unless we really get to see an Bitcoin ETF getting approved, maybe it is, but we don't know what timeframe so for now it's just a speculation and the real effect will only be felt if one day we can eventually see a seal of approval, so we need to wait.

The buttom line to the approval of Bitcoin ETF is this paragraph in the cited article.

SEC is After The Safety Of Investors

In buttressing his view on the rejection of Bitcoin ETF, Jackson stated that he would not want his parents for example to buy the type of Bitcoin ETF rejected. Also, he stated that he takes seriously putting the American stamp of approval on any investment product. Until the laid down, rules are met the approval will not be seen.

You will agree with me that there is  reason for great concern in investing in the crypto space at this time.

It has positive and negative implications for Bitcoin. On the positive side it will push up the Bitcoin price, because massive amounts of institutional investment funds might be flowing into Bitcoin. On the negative side, it will attract a lot of trigger happy speculators that would dump large amounts of coins at the slightest hint of trouble. <A lot of fud is spread about Bitcoin, so this will happen regularly>

Wild volatility is not conducive for a good stable payment system. <Currency>  >:( 

I don't pray for the approval anytime soon, why? Because if it gets approved now it will only bring short term price surge not bullrun ,there should be a perfect time for such valuable news ,I know SEC worries more about the safety of investors but I believe that till the end of time cryptocurrency will always be a high risk investment and not a get rich quick scheme ,If every investors have this at the back of there minds they will learn to trend slowly,easily and cautiously unless there is a way to eradicate scam projects for good

Expert would always try to drop there opinion on issues like this knowing it would stir up interest.
But even expert can get it wrong or be a catalyst of FUD.
The bitcoin ETF is something that is well over due and this would be like the breakthrough we have all we waiting for

The ETF will does help the market but it wont the only major reason for the market to reach $10,000 because the market has cliched the price range of $20,000 without the help of the ETF. However, the ETF approval will take longer than your presumption because some governments/bankers still dont like the idea of bitcoin.

I'm more inclined to think that it is an instance of stovepiping

Maybe, this SEC commissioner himself has bitcoins and he decided it might be the right time to pump Bitcoin a little (it may also be any altcoin). Maybe, someone close to him asked this dude to say a positive thing about Bitcoin. As far as I understand it though, it is not considered a good practice when officials make premature statements about things which could strongly affect prices. We may have to wait for a rebuttal coming out soon (like people and mass media having misinterpreted his words and he didn't actually mean anything to that tune)

You nailed it.

I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.

The difference with this statement is that it's a real live commissioner.

However 'eventually' could mean a century. I find it very pathetic when Bitcoin fans imagine there's some sort of SEC conspiracy against them. The simple fact is that the markets are shit and crooked filled with crooked shits.

There's zero reason for the SEC to lower their standards. The crypto market needs to become less disgusting and the door looks like it's open when that happens. It's down to us, not Them.

And how does it change things to the better? Other people who are saying about Bitcoin are not real or what? My point is that just the fact that it is a real live commissioner doesn't necessarily make him a good person at all (or the whole SEC board, for that matter). Besides, the SEC is not the only pebble on the beach out there. We also have the CFTC which somehow looks like a bit more loyal toward cryptocurrencies

Are they lowering their standards?

Bitcoin ETF could be a catalyst for a bull run,.but it would not bring about long term price stability and consolidation should it eventually be approved.
Many investors are unaware of the contents of the various ETF proposals or the reason for the rejections, and it would only be attracting investors who are already in the crypto space, not new investors.

Bitcoin's ETF approval will indeed be a milestone and the acceptability of bitcoin will be greatly increased. Unlike many people, I do not believe that this takes a very long time to happen and I think that this approval will be given in the medium term.

I think the major stumbling block for SEC approval of bitcoin is how to get rid of manipulators in the market, this has to done to protect  investors funds, SEC had to screen and scrutinise any issues that might likely jeopardized the interest of their investors, SEC approval of bitcoin might take more time as they not in a hurry  to accomplished it every thing must be put in order.

I think that the adoption of bitcoin ETF will not have any impact on the crypto. At least it won't exactly cause bull run. This event has already been postponed too often and has therefore lost its importance. In my opinion.

Bitcoin ETF is a confirmation for approval from this world. People think that though via ETF market will grow again, but I don't think so. Once approved, everything will be managed based on some provisions from the ETF which will limit Bitcoin's growth.

It's inevitable. People will be getting more compliant exchanges and custody solutions with full kyc that will report their every move to the authorities and at that point there won't be much the SEC or anybody else will be able to do. They will have to approve it. I don't think the ETF will change much. It will get more people into Bitcoin but it won't be such a huge number to suddenly make Bitcoin double in price.

Hahaha...let's not get so happy with this information guys. it did not say that the Bitcoin ETF would be approved but rather there is a possibility. And just as there is the possibility of its approval there is also a chance of it being declined again. But i am very optimistic that when this is finally approved there is going to some rise in the crypto market.

It was a different scenario then, the price reached $20k because of the CBoE and CME Bitcoin future contracts.


Yes, that's why I don't know why the big fuss about this news. It's a open statement, and people already assumed that it will be approved. I guess I'm too tired of this s**t that I don't even care, of course it has a net positive effect, but we can't measure it at this time.

the market is small but it is not that small! it is still big enough for any ETF or anything like that to not matter. we are no longer in early 2010-2011 where there weren't that many exchanges and volumes were too small. right now an ETF with all its size will only be a small percentage of the total market volume. not to mention that they don't directly link to the actual market, instead they take the price from it. so they can't change anything.

The thoughts of bitcoin holders are divided regarding bitcoin etf. Some bitcoin holders really believe that the approval of bitcoin etf will trigger the much awaited bull run thinking that etf is a great sign of recognition by the government. And this recognition might bring security for the bitcoin trading.

How do you actually know that the market is really that big?

What metric are you using exactly? If you are using something like market cap or even trading volumes, these can be misguiding. Market cap is heavily misguiding on its own (even deceiving), while trading volumes are most likely fake (at least, a substantial part of them). Indeed, the market is not like it was in 2010-2011 as back in the day there had been no market at all, strictly speaking, but that alone doesn't automatically make the current market suitable for ETF's

As far as I understand it, many ETF's actually own the underlying (say, gold bullion), so it is not like they can't change anything. Besides, paper markets (like cash-settled futures) may also affect spot markets

The impact of an ETF will be as big as the halvening or even more. You can even say that the US endorses bitcoin openly. Can you imagine what that means? Some countries like Japan saw this coming years before and they acknowledged bitcoin and nowadays it is Argentina that accepts bitcoins in public transport.

When people said bitcoin will be the world reserve currency years ago I had very big suspicions but now, It doesn't look that impossible.

Bitcoin Etf is turning out to be the most anticipated event for crypto market news even sec is also showing positive towards etf and ico regulation more positive news anticipated in coming days

Yes, BTC ETF will be approved by SEC and Government, but they will stall it till they can, they will approve it when they will see no other option and when BTC goes giant as peoples favorite currency.

That recognitions might bring more interest and possible investment, ETF approvals can bring Spark and lead the market to another good movement up, there's a lots of hopeful investors and traders who's still positive for sec position regarding to ETF approval.

We need to be positive and keep showing interest, buy more and store it, so when ETF finally approved and market start to rise high, benefits will be huge.

This is a very long case to resolve but it must be resolved eventually, we need this for us to move forward and yes I am for partial regulation there must be some sort of regulation, this is to protect investors money, we do not want people losing their hard earned money because of failed ICO.

All the best for bitcoin and we all want see the market pumps again so this is why we are still hoping for the ETF and a great regulation from the government. I’m confident that bitcoin will be more aggressive to achieve a higher price now, be confident about bitcoin and earn profit for sure.

the bitcoin etf seems to be continuing to be delayed, possibly sec still a lot to consider about the ethics of bitcoin.
My prediction ETF will be available in 1-2 years to come

There is no timetable for the ETF approval. This SEC people are probably just playing around. For me, it is better to ignore them for now and just wait for the official announcement. If it does happen (ETF approval), it'll definitely move the market. I'm not just sure if it will trigger a bull run.

it can happen if trading manipulation will be limited
but if any other country will like to launch ETF than SEC will speed up with his decision
For sure Wall Street already see bitcoin ETF like a great opportunity
Impact on price will be huge .Question is what will be after
I see danger that bitcoin trading can be frozen same like gold trading is frozen now
It can happen if bitcoin ETF will be yet another derivative

There is a shift in the mood recently because there seems to be more of a chance that the ETF is going to be approved soon. The application by vaneck is looking more solid than before, and it's just weeks away

Yes, hopefully our hopes will come true with the approval of the ETF by the SEC, because if that happens it will be good news and will spread throughout the world, and hopefully that can affect the price of Bitcoin.

Even though there's no timetable (after all SEC are regulating, not working on ETFs) the very fact that they're optimistic about allowing one eventually is very reassuring.

Yeah I dont want to get my hopes too high, there has been so many times, the sec rejected the etf and the commissioner only talk about there will be possibility that it will be accepted, it will be great for all of us if the proposal really being accepted, it could make people regain trust and bitcoin price could go up high again, but until there is an official announcement, I don't want to see any false hopes

people always talk about etf . how much more if it has been aproved ? im sure people will be crazy and this can easily have a major impact on the overall crypto market .


it can . etf is not a joke  it is a big event and all crypto enthusiast are waiting for this .


it maybe rejected for many times but this does not affect the perseverance of people to continue hopping .

Bitcoin ETF might take more time to gain approval, currently a lot of scam projects and exchanges pervert this space. The war against bank the decentralized system has been fighting and aiming to win seems to be on the loss side as we have started calling for regulation by the same enemy that created this current brutal on sided financial system. If Cryptocurrency is to thrive in a real economy, then regulations is inevitable to curtain fraud. Bull run will bring more liquidity and make the market very healthy.

the problem is that ETF have been pulled back because when the first ETF did not find a good point and there was no agreement so ETFs could not be implemented in bitcoin and in my opinion ETFs could never be used in bitcoin.

Actually this Bitcoin ETF if it runs according to the schedule will greatly affect the current market conditions, if only according to the initial schedule (without any delay at all) Then it will be able to make a bull run and be able to recover ATH due to the many traders and investors.
Bitcoin ETF at this year ? I am not sure about that, seems only create temporary hype

https://www.coindesk.com/etf-tied-to-bitcoin-futures-withdrawn-after-sec-staff-request

Another one died today. It sounded pretty stupid and kludgey but another ones bites the dust all the same. What's notable is in the past hopes were higher for futures based stuff because it doesn't touch actual Bitcoin.

Nope.

No wonder! They are just competing against crypto, this is a big investment and maybe they just need money to work with its ETF approval.
I wasn't expecting it to be approve easily cause they never want crypto to replace fiat which could affect their businesses. Lets see if there is another push for it.