Bitcoin Forum

What if Bitcoin ETF is not Approved

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

It is indeed a game of patience. If Bitcoin ETFs are not approved, we may see a drop in price but for a long term investor that would present another opportunity to score more Bitcoins at lower price. So speculators may get disappointed, but for long term value investors, it is just another opportunity.

Bitcoin price is not going high just because of the positivity around ETF approval. There are multiple other things in play here. The next Bitcoin halving is around the corner. For me, it is more important than ETF approval and potential have more impact on Bitcoin price.

Who cares with Bitcoin ETF, either it's accepted or not, there's no reason to buy Bitcoin ETF since it just an IOU.

Why it must be 2026? do you think Bitcoin went to $0 in 2027? ::)

Bitcoin price will keep rising in long term, sudden dump or bear season is inevitable, but that doesn't enough to stop Bitcoin to rise and break new ATH.

This news was 4 days ago: https://cointelegraph.com/news/sec-spot-bitcoin-etf-updates-deadline

If you read the news and what has been happening before that time, you will know that United States SEC will approve bitcoin spot ETF in early 2024.

There is not need to discuss about if it will not be approved or not because it will be approved.

Nothing will happen if ETFs doesn't get approved by SEC, the long term investors will continue to hold their Bitcoin and they will also try to accumulate more Bitcoin if the price of Bitcoin get some dips. Look at MicroStrategy, they always shock us with their investments into Bitcoin and they'll continue investing in Bitcoin like that.

Now till 2026 but till so many years Bitcoin will show positive gains and the investors who are holding their Bitcoin will reap those positive gains. Just be optimistic about Bitcoin and you'll see yourself that how it gets higher in value over time. The ETF and the next halving will increase investors confidence but if ETF doesn't gets approved the investors confidence won't break over night.

I don't think there would be sudden drop in price of Bitcoin and even if there is any drop it wouldn't be significant or sustainable drop as market is building up for post halving bullrun and everyone's accumulating Bitcoin gradually. One single factor never decides market movement unless it's something very critical and spot ETF doesn't quality for this. There would be some impact but not something we should be worried about and to be honest the fuds are something we should be worried about.

Price is consolidating below the weekly supply zone, and it couldn't even reach the equilibrium of the zone. This only means that there are more selling pressure than buying pressure in the supply zone. If ever the Spot ETF was not approved probably the price will going to retrace and possibly reach the strong support. Well, this will not immediately happen because traders and institutions doesn't want it happen. But we have to remember that Bitcoin is no longer easy to manipulate. But I believe this time if SEC reject the approval of Spot ETF surely there will be a big dump of the price.

nothing will happen, no need to panic too much.

but maybe the market will experience a slight shock, this is very natural considering that bitcoin etf has been awaited by many people and the rejection may surprise investors a little, but it will not make the price of bitcoin fall quite badly. i think the market will remain bullish towards the bitcoin halving. the point is just to be patient and don't need to speculate too much, if you are patient you will definitely be able to make a profit.

Do you consider that BTC reached 42K because ETF is going to be approved? Maybe ETF approval has some influence, but the market is supposed to grow which is why BTC is here. If ETF does not get approved, nothing will happen. Even if we see a sudden dump, it won't last long because of obvious reasons. If Bitcoin goes down again, a lot of people will find another buying opportunity and it will bounce back again.

So, as I said, nothing will happen if ETF does not get approved. We are heading to a most speculated Bitcoin halving. People are awaiting for the halving event and most crypto researchers believe we will see a bull run in 2024.

You are very correct that everyone in the Bitcoin space is anticipating that the SEC will approve the Bitcoin ETF. Indeed these institutional investors have met almost all the criteria for the approval of applications. Recently BlackRock conceded to SEC's insistance that they should include cash redemptions in its proposal. But you don't have to put your hope on the ETF approval because the SEC also has the power to disapprove it. Gary Gensler and the other four commissioners cannot be trusted because they can give several reasons for denial. If you have anchored your predictions on ETF approval but you now scared that it will not be approved, you can cash out if you are on profit. But if you want to take the risk, we might see Bitcoin hitting $100k.

However, if it is not approved the effect will be that the price might drop slightly and it will also recover after a few months. Bitcoin might be affected by some economic policies but it will also recover, it might just take more time. Bitcoin has a system that guarantees profit but it is unpredictable. This is also why we are advised to invest only what we can afford to live without. Don't forget that we will also have the Bitcoin halving next year, showing a profitable 2024-25.    

In 2018 the Winklevoss twins application for a bitcoin ETF was rejected Securities and Exchange Commission. It was their second attempt. Did you know what happened? Yes just what you have written. The price of Bitcoin dropped. You know at first, rumors of its approval made Bitcoin's price to increase.  Even this may not be the case with BlackRock's applications as there is a green flag, at least we know what would happen.

You can read about it here.
https://www.google.com/amp/s/www.cnbc.com/amp/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html

I wouldn’t be surprise to see the fall because most people have actually invested in the past few weeks or days base on the FOMO because of the hype around bitcoin ETF approval bringing in large adoption to the space. Personally I am not in awe of this because something tells me that the SEC sees this spot as an opportunity to discourage anonymity in bitcoin investors more like the KYC platforms. A disapproval or even an official postponement would lead to a little retracement in the bitcoin price by those who are in for a short term profit. But for most people especially old investors they are definitely looking towards the halving period and it’s potential bull run

I remember when the last bull run was, was there a Bitcoin spot ETF? As far as I can see, even if that is approved, it does not mean that the price value of Bitcoin will not increase. Now, many communities will be disappointed in this matter because there are many who believe that this Blackrock is expected by the majority to be approved.

I even watched someone on YouTube say that the influencer said that Blackrock was approved, so he is still silent and will only speak at the right time and opportunity, but he is not sure. Besides, I'm also expecting, but my expectations are not high.

You seem to have forgotten that bitcoin never needed ETF to rise and it is not about to start now. The price has gone up 4 billion percent ever since the inception (from $0.001 to current $42k) and all that without ETF or any centralized crap like that.

Even if SEC were to reject ETF, it wouldn't have been the first time and nobody would care. The only thing that would have done was to scare some newbies to panic sell.

Bitcoin Spot ETF applications were rejected by SEC. It happened many times and in many years.

What happened the last time SEC rejected a Bitcoin Spot ETF? (https://bitcoinmagazine.com/markets/what-happened-last-time-sec-ruled-bitcoin-spot-etf)

It is already 10 years since a time of first Bitcoin Spot ETF application submitted. It's 10 years and do we need to see how Bitcoin adoption and price have grown in the last 10 years?

We have two sharply curves for price and adoption.

https://pbs.twimg.com/media/EoYvM70UUAAP0Qf?format=jpg&name=900x900 (https://twitter.com/woonomic/status/1334809917211873285)
https://i.ibb.co/23M4M9F/Yearlycandle.png (https://buybitcoinworldwide.com/stats/yearly-candles/)

What if China isn't want to accept Bitcoin? look where we're, Bitcoin still create a new ATH after halving season, other country dare to accept Bitcoin as legal tender etc, such bad news won't affect Bitcoin in the long run, never.

Sudden dump is normal because there are many traders or it just a normal volatility as we know Bitcoin is a high volatility asset.

I think bitcoin ETF is just one of the momentum to see bitcoin increase with a very fast time but even if there is no bitcoin ETF I think the situation will still be the same just whether this will be a rapid increase or indeed slowly the same as usual then this is the question even though there is or is not a bitcoin ETF everything I think will remain the same just because of our fixation on prices then this becomes very important.

When the ETF is not approved then we will definitely see a decline that occurs again because inevitably it must be accepted considering that it is an impact that occurs because of an unfavorable decision for bitcoin even though in fact it can also be a momentum for us to buy in the end because indeed for the long term this will still be very profitable so in this case the bitcoin ETF is just a bridge whether bitcoin prices will soar quickly or not.

I find an ETF rejection to be realistic, and that can upset some people. So yeah, maybe we'll see a small and temporary price decrease, but I hope it won't be anything big because nothing changes in practice. It's not the same as with Tesla a few years ago, when Musk actually announced a big investment in Bitcoin and adoption of Bitcoin as payment, and then pulled out. This time, an ETF was not approved and then rejected; the price went up in anticipation, not because of real change, so I'm hopeful that a rejection won't have a major impact.

Good question, personally I don't think there will be a big impact if the Bitcoin ETF is not approved, maybe others think this will have a very bad impact on the market but it's not for me.

Certainly, there will be some negative impact and the price will decrease temporarily due to the big negative news, but most likely it will recover soon and things will return to normal, because Bitcoin is present and strong with or without an ETF, so I do not think it is a big issue for Bitcoin.

Then I'd continue stacking BTC regardless. The ETF offers a potential to boost the price and make many an average man/woman fairly wealthy if they've been investing intelligently up to that point. If it doesn't, it doesn't really mean much other than a slightly less intense upward climb over the same time period IMHO.

The milestone for investors to come into the crypto market happened long ago and that's the reason why the whales play their market manipulation game with altcoin/meme coin while they hold their BTC bag.
If the milestone hasn't happened we won't see the country that legalized BTC as a legal tender. The spot ETF will lead to a billion inflow in the BTC market but it will also lead to an increase in restriction, KYC, and more because the leading investment company in the world (BlackRock, Fidelity, and others) will want to be the market major player. An example is the reason why they are after the CEX chairman who could be a threat.

Nah. One true major factor remains the Bitcoin block halving. Never forget that is always the effect behind the ATH price not the spot ETF that started overnight.

Bank on yourself, not BlackRock spot ETF which will treat BTC like a fungible token. If the spot ETF is not approved it won't stop BTC from reaching another ATH price next year because Satoshi has designed the block halving as a means to control inflation in the BTC market.

The market can turn bearish in a short time before things return to normal. ETFs could certainly have a big impact on rising bitcoin prices in 2024 and beyond - but having ETFs as the sole reason is also never true. Please remember - the halving will also happen in 2024 - so positive sentiment can be expected from it instead of just from bitcoin ETF.

A game of patience? It's possible - but believe me, bitcoin is one of the most sought after investment assets in 2024 whether or not the SEC approves of ETFs. I'm optimistic the ATH will be hit after the halving - even if the SEC rejects a bitcoin spot ETF.

do remember that even without bitcoin ETFs, this market has been gaining interest from the community and increasing its presence in the mainstream. so with or without approval, bitcoin will continue to expand its scope. we are not relying on ETF when we talk about adoption. it may increase or contribute with the adoption but it is not the ultimate answer to adoption.

the following events/media/venue/entities for me are other means of btc adoption -
> halving
> known personalities / stakeholders / financial institutions that are joining this market
> countries such as el salvador making btc as legal tender
> social media influencers
> social media platforms

this is why for me, btc ETF is just overrated. there are so many means of adoption in this market. it is not a loss of this market if they won't approve this ETF. that's my take on this situation.

We still don't hold guarantees that bitcoin ETF will gain approval this time. It could be approved, or it could not. And the only possibility to happen if its not going to work this time is most probably we will see bitcoin price in a sudden decline. If ETF fake news approval has made an instant price surge, then most likely we will see the opposite when ETF approval gone wrong. However, this is just my personal point of view. No one actually knows what's going to happen if ever bitcoin ETF approval will not happen this time.

Since the talk about the Bitcoin spot ETF, it has made many people indecisive on the next plan to take on their investment strategy. The last time there was a news that bitcoin spot ETF was approved, we saw how bitcoin price rose indiscriminately. That alone has made a lot of people to be hesitant and see the outcome of SEC on the approval of the Bitcoin Spot ETF. I am also waiting to see the final verdict about it by January, so that one can know what to do next.

Institutional investors are overrated.  US-centric emphasis is overrated.  Wouldn't care in the slightest if the SEC rejected every single last one of them.

I don't know why people think Bitcoin is the only boosting chemical that will accelerate bitcoin price to where they want or should we say that's the back wall bitcoin price manipulators are hiding behind to do their dirty work and to say that we have Bitcoin spot ETFs in some countries already but US is now a fundamental they see as a growth for Bitcoin price to shoot up but my question is what will happen after the price reach another milestone? They will drag it down to push the price again.

I'm in support of anything that will make bitcoin use even in the Whitehouse but the way we have been saying ETF this and that is becoming annoying as if that's the only thing bitcoin need. We should also try and stop selling to avoid price dump everytime.


SEC has been in the game for long and I know how this game will played. Acceptance of these ETFs means bitcoin will pump and you think they will allow that to happen. If they are convince to accept these fillings, then they one day it will be accepted but not as everyone want it to be. Even January will bring nothing good but the incoming having might still hold the price.

In my opinion, long term investors will not consider the ETF for their position. It doesn't matter what happens with the ETF, there will still be a bull market and everything will go as planned. The difference with ETF is the different momentum that will come from it. Consequently, holding bitcoin will reduce the risk factor in the long run until it reaches the level of some other SOVs in the asset class.

If the Spot ETF is denied, I'm certain that we'd seen a shaep drop in the value of Bitcoin. This wouldn't be the first time an ETF is denied for Bitcoin but this might have more negative impact because Bitcoin enthusiasm is high this time around and everyone is expecting it to be approved only to get hit by that shocking turn out of event? Price dropping is almost certain but it wouldn't be for long because the macro trend is hyper bullish with or without the spot ETF. I mean, Bitcoin's last ATH was achieved without ETF.



I don't too but I'd be happy if it was approved. It would give me more conviction about being on the winning team and of course, my investing thesis prior to ETF.

It can also happen when an ETF is authorized, sell the news will happen again and again. So your scenario is realistic, but also is my. I think an ETF will come, it is just a matter of time. I think 2024 will be a very interesting year for Bitcoin. The halving, ETF, the bullrun, a new all-time high and a big drop? But until the middle of January, the ETF news will come.

Same thought here but if it happens that Bitcoin Spot ETF is approved, it will supplement the boost given by the incoming Bitcoin halving which probably result in boosted Bitcoin price in the coming months, but regardless, I also think that there will be no changes on the price of BTC if ETF is not approved (if there is it would be minor and probably will be outweighed by the coming Bitcoin halving) because just as many of us believe, Bitcoin had been thriving without ETF so it does not bring any difference if the batch of ETF application is not approved.


Bitcoin value will only go down sharply if some group manipulates the market to artificially react to the news while spreading FUD using the rejection of ETF to create panic sell. 

Why is that? because of the money that came due to the pre-approval discussions and news? I don't think that it will fall because we've got some corrections already.

I agree. But on 2026, it's said that based on the cycle, that will be the time that the bear market shall come. And with the next 2 years, with or without the etfs bitcoin will go through a bull run.

Even if there comes an ETF approval we will see a fall in the price of BTC and that is inevitable until the authorities will not come up with some way. And that's because the victims of MT Gox exchange will receive their amounts and it is in billions of money and AFAIK the amount in BTC is around 2000 maybe. And all this amount when will is dumped into the market it will crash obviously because these long-term waiters are not going to hold it anymore.

But there is a way to solve this problem and that is if they dump this amount in parts or in some other equal amount of current like YEN as according to the latest news on Reddit. Well, stop at this point and I hope you got what I meant to say, by why a downfall is inevitable until governments will not come up with some way.

And if ETFs get rejected then BTC will fall and after that, it fall due to MT Gox and which means it will fall two times, but just TBH I don't think they will be rejected but still if they are then what it is what is, we don't have any other option. All we can do is remain safe with proper risk management.

It won't be the end of the world; Bitcoin did fine without it for many years; it's not a requirement for it to function. We'd certainly see a price correction, but it will only be short-term, and recovery would most likely take a little longer than it did with other negative events, such as the FTX shutdown, but it'll eventually recover.

ETF approval is something that has been anticipated by investors for quite some time. It'd be positive for it to finally be approved; its price will certainly be boosted by quite a lot, but if it's not, for whatever reason, Bitcoin will do just fine.

The whole crypto market will not mourn if bitcoin ETF will not get its approval. There are still next time for that and that won't stop bitcoin from reaching another peak price since the whole concept of bitcoin is actually focus on its value appreciation, and we can only achieve that through gradual price increase in the market. Although there will be some price correction that will surely occur when this ETF approval will not happen, but we all know that its not going to take forever but just for a short time. So I think patience is a lot needed when that happens.

After all, the main event by next year is not the bitcoin ETF approval but the bitcoin halving so we should not be totally carried away by negative emotions. Just think that if its not going to hit next year, then there might be some valid reasons for that, and I think better opportunities are coming for bitcoin and the crypto market.

For me yes but overall Bitcoin is fine, the best example already happened before, remember when Bitcoin ETF was first introduced in the market it was really hype but after multiple times Bitcoin ETF was not approved, price reacted but Bitcoin is not going to zero, and it recovers also.
So for me, with or without Bitcoin ETF, Bitcoin will stay.

Earlier, the discussion topic was Elon Musk's decision to invest or not and now the hot topic is about ETF approval. I would say it will have the same effect on Bitcoin as it has on Elon Musk investing or not investing. Actually I want to say that ETF approval is not that big matter for Bitcoin. So I want to say that nothing gonna happen if Bitcoin ETF doesn't get approval.
And if it does have an effect I think it will be for a short time.  And then Bitcoin will start moving again at its own pace. Moreover, I think that Bitcoin ETF approval is going to be received early in the new year, because of such news from multiple strong sources.

In the cryptocurrency or trading world I think everyone should think a little differently. We all have ideas and are fully focused on bitcoin ETF. Many of us assumed that Bitcoin ETFs would be approved. But it may not be. And if not, then we should have an idea in advance about what situation the market may go. But the most positive thing here is that if Bitcoin ETF is not approved then we will get bitcoin halving event which will play a major role in creating a bullish movement in Bitcoin and if ETF is approved earlier then this movement will add more strength. There are many investors who are waiting for the approval of Bitcoin ETF.

Don't do anything. Continue to live as before. All this fuss about Bitcoin ETF seems overrated to me. You can enjoy all the benefits of bitcoin without Bitcoin ETF.

The BTC-system previously existed safely without all this, right?

Everything will take its course. As before. Even without Bitcoin ETF. 

Bitcoin works great without Bitcoin ETF.

Did bitcoin have few falls? One more thing won't change anything. One way or another, bitcoin will regain its position.

I think news is just there to legitimize the market movement, and the same goes for Bitcoin ETF. It's undeniable that this news has heated up the cryptocurrency market and Bitcoin since mid-2023 until now, and it will likely continue until mid-January 2024. It has also been reflected in the prices, but one thing that newcomers to this market might not know is that whether there's news about Bitcoin ETF or not, this is the preparatory phase for the market price increase in the 4-year growth cycle.
Newcomers might think that it's because of Bitcoin ETF that the price has surged to this level, but I believe that's a misconception. If you review the market's development process, you'll understand. So, whether Bitcoin ETF is approved or not, it might only impact the prices in the short term, and I think it will be a healthy correction coming soon, regardless of the approval of Bitcoin ETF.

We care if Bitcoin ETF is accepted. I made a post concerning the timing of event which I would like you read;
https://bitcointalk.org/index.php?topic=5474531.msg63178407#msg63178407

Why 2026? I have put into consideration several factor. One major factor is the Halving and another is the Bull run. There have to be a gap for possible eventuality.
I agree with you that Bitcoin prize will keep rising in a long run.

Hopefully it won’t get approved. Institutionalized bitcoin will be useless to the masses. It will be censored and fully KYC’ed which is no different than the CBDC’s. Bitcoin should be censorship-free and provide some privacy. If these features are removed from btc, it will be just another government currency. I don’t care about the price. You can’t name a price for freedom.

3 words. IT'S A DISASTER!!!!. Just Kidding.
The question is "What are the chances of the SEC rejecting a spot Bitcoin ETF next year?" The answer is low to zero percent chance.

When they accept even just one of those Spot Bitcoin ETFs, it will create a domino effect and other Bitcoin ETFs will be accepted in the future as well. I also believe that there will be one or more that will be accepted next year, and I don't see any reason why they will not. A Spot Bitcoin ETF will be a catalyst towards Bitcoin's price going even higher. The question now is what are the benefits of a Spot Bitcoin ETF to us investors? Or we will see more negative than positive effects of it?

I don't care about the Spot Bitcoin ETF getting either accepted or rejected, but I only care about the price of Bitcoin. :D

Bitcoin doesn't care bitcoin ETF approvals.
SEC has set several date deadlines for Bitcoin ETF approval but has not yet approved Bitcoin ETFs. The SEC has taken January 10th as the last date. If this date fails for any reason, then whether Bitcoin ETF is approved or not, Bitcoin will not have any impact on this matter. Whether an ETF exists or not, Bitcoin ETFs and the SEC's various lawsuits on the price of Bitcoin cannot influence Bitcoin.
But no matter how much the SEC talks about the Bitcoin Spot ETF, the Bitcoin ETF will most likely be approved by the beginning of the new year. No matter how many negative thoughts we think Bitcoin ETF approval or not Bitcoin is likely to hit 100k after the next halving.

It was not the SEC that picked January 10th, it is the law that gave the deadline for the approval or disapproval of ARK 21Shares Bitcoin ETF. Other deadlines for the other applicants will be based on the timeline of their application. But I also have the same mindset that disapproval of the application might not have any major effect on Bitcoin, although the price might temporarily drop slightly. However, approval might take the price to ATH, especially since it might coincide with the Bitcoin halving. The only thing we have to do now is to wait and see what will be the decision of Gary Gensler and the other decision-makers.      

Bitcoin and ETF are now so closely related that if there is any negative news, it will definitely affect the price of Bitcoin. There are high chances of ETF approval by January 10, but the SEC may delay it further. Even if this issue is delayed for two to four months, the chances of Bitcoin price falling are still high, because just a day ago, a fake news was spread that the approval of ETF is not possible due to which The price suddenly dropped from $45k to $40.7k.

When a fake news can dump the price of Bitcoin to around $5000, what is the impact if it actually gets rejected? It is by no means intended that this effect will last very long, but temporarily, it may drop the price of Bitcoin. As for the bull season after that, the price of bitcoin will definitely go to its all-time high after the halving. For now, whatever decision the SEC makes regarding the Bitcoin ETF will definitely affect the price of Bitcoin.

For this year I think it has too much influence on the positive crypto trend. the reason is because this year the main course of the positive trend is the halving 2024. meaning the ETF will be number 2 after that if it is rejected maybe bitcoin will experience a slight decline but not badly I have seen this even in 2023 they have not approved a bitcoin ETF but bitcoin remains solid, what if the halving will become an explosive trend, maybe the Bitcoin ETF won't see the effect.

The question is: what is the reason for the fall of Bitcoin? Because when it was Matrixport's report that the SEC would reject all spot bitcoin ETFs, they agreed with their interview. Well, the report they made is actually contradictory. Why?Because on January 2, 2024, they said, "Bitcoin Spot ETF Approval Is Imminent, Btc to Jump to $50,000." Then they followed up with a report again on the same day and date, saying in their report, "Why will the SEC reject Bitcoin sport ETF's again?".

But K33 Research Senior Analyst believes that it is not because of the flash crash report but because of overleveraging in the market. Because the funding rates and future premiums have gone up by 50%, So the report only served as a catalyst to wash out the overleverage of the long position, so the price dropped almost 10%, so many liquidated.

And many analysts are against Matrixport's report because it is unlikely that the SEC will approve the bitcoin spot ETF because the SEC will be sued if they reject it.

Let's go for the worst case scenario and in that, the EFT is rejected or delayed. Then what will happen?

For the time being the bitcoin will dump but it won't be the end of bitcoin. We will still have halving, and we will still see the Bitcoin all time high and the bull run. Previously bitcoin was performing well with ETF and it will continue doing so. So for the Bitcoin community, denying ETF does affect much.

Nothing will happen. There will be some panic sells, as usual, that's it.
Bitcoin never depended on this ETF stuff, and it never will be. Sure it's a setback but that's it. We have seen so many setbacks and btc always recovered, that's the way this business works.

I don't see why the halving is a thing to look forward to, it's not gonna be the saviour if ETF fails.

Bitcoin is here to stay, ETF or not.

I'm still surprised to see people say what if? whether is approved or not bitcoin itself is always fine with or without every other features that can help in increasing the price.

in as much as we want it approved doesn't mean if it goes side ways Bitcoin won't survive it has been in existence without the ETF so it's just an additional benefits for us.

Though if the ETF is not approved there will surely be a decrease in price for a while but after then it will bounce back to normal.

If Bitcoin ETF isn't approved, I doubt it would do much to affect the adoption or implementation of its programs already set aside like the halving set to happen soonest this year 2024.
The ETF is an investment fund that tracks the price of Bitcoin and as such it is a step closer to the actualization of making BTC a currency that is tradable, just like forex is. The price currently would drop if it isn't approved but it doesn't stop BTC from existing or having more users.
What do I know, we just got to observe how it plays out first.

Bitcoin ETF is always been denied for so many times already, so I wouldn't be surprised if it is going to be denied again this year.

Nonetheless, Bitcoin will always be the same, it will dump but it is normal and another opportunity to buy even more for long term investment. It's the same situation as always, people will doubt bitcoin, spreading FUDs saying Bitcoin's price will go to zero, etc. And for those who really know how cryptocurrency works, it's a gift to make more profits in the long run.

If Bitcoin ETF are not approved, there may be some dumping in the market. Fake Bitcoin ETF are completely dramatic. There is probably a hearing on January 10th, I think Bitcoin ETF will not be approved at this hearing. But I am not at all worried about Bitcoin ETF because if ETF are not approved there will not be much dumping in the market and even if there is more dumping it will be very beneficial for long term investors as they will be able to hold on to the Bitcoin investment.

It is true that many people bought more bitcoins because they heard the news about ETF, so many people placed high expectations on this ETF and if it is not approved, I see the price dropping below $30,000, but after April the price will start recovering, this is because historically whenever there is a Bitcoin halving in the following months the price rises a lot, sometimes as it approaches the day of the halving the price has recovered, only to increase a lot after the halving, which is why even if the ETF does not is approved and the price drops a lot, yet in the coming months we will see a large price increase.

This issue about the bitcoin ETF is starting to reach a very scary level in terms of predictions and thanks to this the price has fallen a lot and then recovered, for example what happened a few days ago when a certain company said they would not approve the ETF and this caused the price to fall from $45,700 to $40,700 in a few hours, and the price only recovered when the same company went public with its retraction. But the damage caused by the press has already been done. Today I read this news:


source: https://cointelegraph.com/news/rumor-mill-heats-hopes-spot-bitcoin-etf-approval-tomorrow

every person is trying to predict whether or not it will be approved and this is also because these analysts want to gain more attention. but when you look at the chart:

https://www.talkimg.com/images/2024/01/05/s6u8f.png

It's a sign of what's to be expected if a Bitcoin ETF isn't approved

I think he meant the bull run continuation, but 2026 is not feasible for the continuation of that bull run judging by what has happened in the past. For those who are conversant with how Bitcoin has behaved in the past, there are bullish and bearish seasons and the bearish season is longer than the bullish season to the extent that the coin would seem forgotten before it comes back to life again. I expect this to continue but it will be safer if anyone holding Bitcoin can make a decision to liquidate in the first half of 2025. I do not think it can surpass that time.

But we should still engage our trading charts and other speculative means to ascertain what to do. Again, no matter what happens in the ETF saga, Bitcoin will live on. People are overrating the ETF of a thing and if eventually rejected, Bitcoin might only suffer some temporary setbacks and get to overcome it afterwards. Peradventure it is approved, it is still a win-win for the coin. Regardless, halving is another key player here that will bring back the needed FOMO to the market, and no matter what happens with news including the ETFs, Bitcoin will still find its way up over time.

In this case, the ETF is used as a manipulative tool, we saw this very clearly from the beginning of the year, when the news first gave Bitcoin an impetus for growth, and then caused a decline. This was all done through manipulation in anticipation of the ETF, and it is obvious that this is not the last attempt by manipulators to make money in this way.
If the ETF is not approved, then they will simply continue to play on this, new applications will be submitted again, new approval dates will be announced, maybe they will shift it somewhere after the halving, or somewhere else.

It's reassuring to know I'm not the only one feeling this way.  Bollocks to the Wall Street and Hedge Fund crowd.  They don't matter.

Most of the hype is from people who care more about their fiat profits from trading than they do about the long-term future of Bitcoin.  I don't care in the slightest if they end up disappointed if the SEC end up doing the same thing they've done before and reject everything at the last minute.

It remains uncertain whether the Bitcoin ETF will be approved on January 10 or not. It can be approved and there is also an option to reject or delay it. In my opinion, if ratification doesn’t happen, it could significantly reduce the value of bitcoin. While this factor may not have a huge impact, but the market crash has been made worse by the hype it has been created in. However, you are right that if the market goes down here, it could be a long-term investment.

However, people who don’t have much capital to buy will prefer ETF approval. Some people won’t mind, but there will be plenty of people who aren’t prepared for this situation. Currently it is up to the SEC to approve or reject Bitcoin ETF.

There's still a reapplication right? If there is, then it's a good thing for many people in the bitcoin market because that means that you can still buy more bitcoin so you can get more profit because you've grown what you've accumulated so far, trust me that if I am right about the reapplication then that's a time extension for us. ETF approval seems to be delayed though which means that we can still buy more bitcoin if we have the ability to do so, don't forget to DCA though so you're making great value along the way.

It means I have a good time to accumulate Bitcoin because there's will be a short dump if SEC isn't approving ETFs, now what we need to discuss? even SEC approving ETFs and it makes Bitcoin price suddenly rise, I won't sell my Bitcoin since I'm looking for long term holding.

Though we are very hopeful that the spot Bitcoin ETF will be approved in the early stage of this year but should it not be approved then definitely, the price of Bitcoin will surely dip thereby giving some long term Bitcoin investors another edge to buy and hodl at a more lesser price after which the price will still skyrocket as a result of massive investors buying and Hodling at a cheaper rate so it's just a matter of time as patience is what is required before a favourable result can be ascertained.

Moreover, Bitcoin have stood the test of time without spot ETF approval considering when it was introduced till this time so if it's been disapproved, then the only investors that will be afraid is new investors that haven't hodl for a long time or just want to hodl for a short while as they might try to sell off their coins because of fear of a dip, while it will be a welcome development for long time investors to still continue to accumulate in a more considerate price.
So definitely with time the price is still gonna skyrocket because of high quest to acquire more Bitcoin by long term investors and some investors that have been waiting for a dip before they accumulate.

Yeah that's true, because this rejection is something that has been going on since I don't why if the sec rejects this time own any difference will be made. So many people are tied down to the opinion that the sec must approve the ETF if not something going happens but am surprised because even without the sec approval of the ETF Bitcoin has been growing and reaching new height so my expectations to this approval is way down to the minimal and it's not gonna make me sell off coins that I hodl although many new and anxious HODLers will think different in respect of this sec and ETF approval saga.

Doesn't matter if ETF or any ETF's gets approved. The reason being these ETFs were applied was to utilize the potential store value of Bitcoin. These financial institution will keep on applying as they know the potential  earnings an ETF of Bitcoin will generate. Considering that it is the government that wants cash on the revenue of Bitcoin ETF. I feel one of them would get approved.

Did you notice the recent movement we had in the market just because some media spread the info that the SEC is going to reject all the ETF proposals? Bitcoin lost $5K value in an hour and altcoins were bleeding at that time. I am glad that Bitcoin has recovered very quickly and alts also recovered. So, you cannot deny that the news has a big influence on the market.

If the real news coms out today or tomorrow, we might see another big dump or a big pump on the market depending on if it's positive news or a negative news. Bitcoin will recover, but nobody knows how many days it could take to recover from such dump.

Fuck Bitcoin ETF.

Your explanation is very nice, I also think that the same thing could happen if things get out of control and they cannot approve the bitcoin ETF by January 10, everything remains a constant observation, speculation and what we can say and Because the event can be very delicate, if they see that the price is starting to go down, they will buy, only the smarter ones will buy, but this can trigger a lot of distrust in some of the investors who have Bitcoin, but in what They are small investors, but if they approve it that will be very good for the price things will be seen differently, what I can expect is that I am not going to sell, I will remain in hodl mode and that's it.

If this does not happen, the recovery of this ETF must be kept Calm and do not allow yourself to despair over things, there are always ways to wait for everything to go well, just calm, patience because the Price will Rise Anyway , You just have to think that the halving will happen very soon and that is very good for the Price.

If Bitcoin ETF fail to get regulatory approval, it could have several implications for the cryptocurrency market. The absence of an ETF may have contributed to bitcoin slow mainstream adoption among institutional investors. Declining Bitcoin ETF could increase volatility and uncertainty in the cryptocurrency market, as investors may respond to the disappointment by adjusting their strategies and positions.
But I think the market may not have much impact. Because this year there is Bitcoin halving which is a plus point for Bitcoin.

There isn't an absence.  Spot ETFs already exist in the world.  Just not in the US.  Why is half the forum seemingly blind to the fact that the rest of the world exists?

If these institutional investors are that desperate to invest in some IOUs that represent Bitcoin, they can just hop in one of their private jets and head north of the border to Canada and speak to a broker there.  They currently have 6 Bitcoin ETFs, I think.

It is what it is regardless of or not if Bitcoin ETFs get approvals,  and we may likely see a relatively low impact of that on the price of Bitcoin,  which may not likely be that significant to notice it in the long run,  Bitcoin have independently served the market all the long and being able to attract both institutions and governments which to me is enough approval to build on for a better future for the entire Bitcoin ecosystem,  much more also is the fact that due to the so much anticipation of the bitcoin ETFs approvals,  there have been so much buy in pressure from investors and speculators who want to take advantage of the current price so as not to lose out if and when the approval happens.

A long wait isn't a bad idea at all.

This is a very big question and everyone needs to ponder over it. Although, it is certain that ETF approval will happen, but then we have the liberty of thought in any direction, that's what makes us humans.

How about if we ask ourselves this question also; What if halving bull run fails?
I have also thought about this and my conclusion was scary until I remembered the ETF approval. See, what happens, if bull run fails, the ETF approval will push the market and of ETF fails, bull run will come in for us. We are somewhat safe.

Yea, it is certain that it will be approved but I am always skeptical whenever it is about the government and bitcoin. Anything can happen anytime.

because no one cares for or uses canada's market

just google the top 8 exchanges in the world. most people stick to the top 3-4, as thats where the bulk of international trades occur
big companies like blackrock want to be listed on one of the top 4 for a reason

heck even the london stock exchange is larger and more popular then canada.. for good reason
heck even UK prudential prefer to trade LSE and also african/asian markets before even thinking about canada


one reason:
most institutions are american based. EG blackrock. so they prefer american exchanges for compliance, legal and tax reasons

if you want to play whataboutisms
you are pretty much comparing easy access national chains offering baked beans nationwide. and then shouting but what about this small local shop in lands-end that sell beans too

We have two strong events coming up this year, The Bitcoin spot ETFs and Bitcoin Halving, So due to many hypes about this ETFs approval, and if not approved, Fundamentally it will only have a short-term dump in the Bitcoin market but will not change the long-term Bitcoin's direction, a correction in my opinion, and worst-case scenario maybe towards the area of $31k we left untouched after we claimed that very area of resistance in November which should now be acting as very strong area of support if the price come back into that zone.
Therefore, I see no reason to panic, and only fools will sell their Bitcoin at this point in time of market we are few months away from the halving event or likely those that bought Bitcoin only because of the spot ETFs.

Obviously, bitcoin will drop a significant amount which I think is not bad at all as it gives new opportunity for us and for those who wish to enter the market and invest in bitcoin. With that, even if bitcoin ETF will not be approved in the future, bitcoin's volatility will never be stopped and bitcoin will still follow the same path just like before, and will always continue to long for its new ATH, which I think is the most awaited of all bitcoin investors.

If ETF is not approved, price won't crash significantly but it will go down because to my mind, whales will use that advantage and sell Bitcoins to keep profits, this will cause sudden price crash that will scare newbies and they will start panic selling, Bitcoin's price might go down to 30K, then whales will buy bitcoin from 30K and price will be stable between 30-35K for a long time and then god knows what news we will get. I think that people follow too much tweets and they act according to the hyped tweets, like, buy the dip before ETF gets approved. But somehow Bitcoin still can't keep higher than 45K USD price. It reaches that level but immediately goes down, I have no idea why that happens especially after so many hypes and expectations in the whole internet.

It will exist the same way when there is no Bitcoin ETF. It's true that Bitcoin ETF rumours push the Bitcoin price a bit, and in the event of ETF rejections, we may see a large number of sell-offs. This means the bitcoin price would significantly drop. It's because the pump was due for ETF approval, and the dump will be for ETF rejection. The rest will remain the same, and we can see a real bull market after the halving, even if all the ETF applications get rejected. Bitcoin is a highly volatile cryptocurrency, and I believe it will exist same way.

It could help to approach this question from a different perspective because now that this ETF story has been out for years, it seems to affect investment decisions. But if this had not been circulating for so long, I think Bitcoin would still be where it is now. ETFs are a good vehicle to bring in both institutional and retail investors alike. Yet I am sure that the influx of new capital into the Bitcoin network would have taken place anyway. It is not like there are not enough options for people to participate. I know that the market deems this some sort of verification from the highest political or authority level if the ETFs get approved, but Bitcoin has gone through some serious crises in the past and always came back stronger than ever before. This whole ETF story is a bonus and I understand why it would have an impact on the price if it gets denied (because of herd behavior and people who want to take advantage of insider knowledge and leveraged position), but everyone who studies the whole Bitcoin story knows that this is not as big of a milestone as it is currently discussed.

Life goes on, just because Bitcoin ETF isn't approved doesn't put an end to the industry. Bitcoin has grown this far without the need of an ETF so it won't be a big deal if it gets rejected. It'll just have a short term impact on the market as the market will have some corrections due to fear from others selling thinking the market will dump as the Bitcoin ETF proposal was rejected. The market will bounce back though as we're in a season of positive momentum for Bitcoin due to its halving and bull market expected in coming months.

The market will be overbought as we head closer into months to Bitcoin halving, and an expectation of the price of Bitcoin to increase if the ETF get approved would have made a lot of people to buy Bitcoin. When things don't go as they have planned they'll panic and sell thereby leading the market to have a correction and that's all. Anything that happens if Bitcoin ETF get rejected won't kill the market, it'll only have it's impact as other negative news has had in the past.

No matter what the outcome of this Bitcoin ETF situation will be it'll present a positive feedback for we holders. If they get approved, Bitcoin price will likely explode and if it gets rejected and Bitcoin price decrease, that's an opportunity to accumulate more Bitcoin so it's a win win situations for us hodlers.

Good explanation there since a sell off will usually happen since maybe there are some people will get disappointed for that result and they think that disapproval can hurt a little bit that's why there's few people will dump their coins. But newbies should not worry about it since even if ETF is not approved still bitcoin will exist and there's still a high chance for a pump. They should remember that we are heading for a possible bullrun since the hype of halving effect is more stronger than the fud brought by ETF disapproval or other negative elements which they think can affect bitcoin.

They should not look only for ETF approval since there are more bigger picture about it and the real action that we want to see is surely gonna happen when halving season is nearly approaching.

The kind of confidence most people have on the approval of bitcoin ETF is just something else if it’s not approve lot of things might go wrong like on those who might have used because of the hype that comes with the ETF news accompanied by there greed and confidence they invested heavily on bitcoin with hope to see the price pump at least two times after its approval a disapproval news will definitely break there heart as the market will move side ways which will not be in their favour.

This increased demand will likely drive up the price of Bitcoin, as more people will be interested in investing in anticipation of potential gains from affiliated ETF. If I follow the past, I can see that the value of Bitcoin has increased without the need for an ETF. Bitcoin price is driven by various factors including market demand, adoption and overall sentiment. While ETFs have the potential to attract novice and retail investors, they are not a prerequisite for Bitcoin's success. Temporarily allowing a Bitcoin ETF to facilitate profits, short-term, will further increase demand and potentially increase prices. But  Regardless of how the ETF issue progresses, I don't think ETFs will have any impact on Bitcoin in the long term.

There are still areas that are not clear in the article. All the applicants had until December 29th to finalise their application but according to the article, none of them had an important part of the require as at 22nd December. See below:

Hopefully before the deadline, some would have gotten the AP agreement in place. If that be the case, there are high chances of getting the ETF approval as expected.

In case of an ETF deny, retesting the 27K level is most likely. This is the price, from where the current bull market started. Not the local bottom, but we were in the 26-32k range for long.

Simply put: just another buying opportunity before the halving

$27k is still high IMO and if it gets a retest there, that's fine and everyone is getting their chance to buy at a low price.

Definitely, that's what will happen when the ETF is gonna be declined and it's not even a huge problem for the long term holders here. We've got other hope on this bull run and that's the halving all of us have been waiting for.

Having this scenario, looming above our heads, it's definitely one of the key things that could shape different HODLers, especially the new ones, if they are paper hands or diamond hands type of thing. Because I know a lot of people wanting and hoping that they could "sell" at a higher price regrets when it came down but then regretted selling it, thinking that it wouldn't go up anymore.

It's more of a test towards people who really believes in BTC.

Exactly you nailed it.
It just that now days people are like zombie's they cant think for themself or act or do anything they have a mindset "I cant" so they just follow others all the time, it's weakness and sad.
Good statement and I agree. Bitcoin don't need this Trojan Horse ETF. Fuck them. Insecure people crypto is not for you, you should hire an assistant that do your life for you. Stop be weak, get strong.

I can't believe people are still going on and on and on about ETFs. Do you guys realize it's been 5 years since ETFs started coming out and rejected? And did Bitcoin ever fail in all those times when ETFs got rejected?

In fact, did Bitcoin pump to 1 million whenever there WAS ETF approved?

So why are we still thinking so highly about these stuffs?

If the Bitcoin spot ETF is not approved, it could have a short-term bearish impact on the price of Bitcoin. Analysts anticipate cascading liquidations and a potential sharp drop in Bitcoin's price, possibly around 20% in the short term . However, it's important to note that Bitcoin's long-term investment case remains strong, and the absence of an ETF does not undermine its existence. The rejection of a spot ETF may necessitate a period of adjustment and realignment in the market, as it would need to decouple and forge a new narrative moving forward While the rejection of a spot ETF may have short-term implications, Bitcoin's resilience and long-term value proposition are not solely dependent on the approval of an ETF

What if? The growth of Bitcoin continues, yeah that's right.
I could see that ETF approval is just like a manipulation power of the market as it drags people to invest thinking that this would increase the price of Bitcoin. Yet, they never knew that it was not the only factor affecting the price increase and not only a reason for its continuous adoption but instead, it was because of its function in the crypto space.

If the SEC disapproved ETF, nothing change as people still buy Bitcoin and hold it.

I agree with you that the short term price impact on bitcoins, if the ETFs are not being approved, should be negative and some investors might lose their motivation to stay in the crypto markets for the near future. However, long term I don't think this going to have an serious impact on the bitcoin price. First of all, just because the ETFs won't be approved doesn't mean they don't come at a later stage. It could just take a few more years for all the big ETF companies creating their own crypto departments. Secondly, investors who are looking for exposure to bitcoins are not going away. If the investors can't buy ETFs, they can still buy coins directly. I would expect to see a rise of spot investors to buy the coins the ETF companies would have bought. The long term trend for Bitcoin is going to remain positive and investors will use other forms of investment to get their desired exposure. 

The Bitcoin market was manipulated a lot with news about Bitcoin Spot ETFs and many reports that this time, SEC. will approve Bitcoin Spot ETFs in the USA. With this belief, people think that it will bring massive new capital into Bitcoin market because USA. is a biggest economy.

If SEC.'s decision is different, the market will be affected, very pessimistic when the news is announced by SEC.

However, it is big short term effect. In long term, Bitcoin will continue its growth to a time we will have Bitcoin Spot ETFs in USA.

Actualy Bitcoin investors must do their research about it and will not lose their belief in future of Bitcoin only because SEC's denial on all Bitcoin Spot ETF applications.

If ETF is not approved, the price may drop temporarily but it will not last long. Bitcoin price has not increased since 2021 but will halve this year due to which BTC price will increase. The halving is only 3 months away and before that, several major US investment platforms are waiting for Bitcoin ETF approval. Many big companies have approached the SEC and they are confident that the SEC will give ETF approval to those companies even if it takes time. If approved then halving will take Bitcoin's ATH to a larger level and if not then naturally Bitcoin will exceed its prior ATH. If bitcoin is approved then good but if not don't be disappointed. Because Bitcoin doesn't depend on ETFs.

What you say is not wrong, without ETF, bitcoin would continue to grow and increase in price over time and that has been proven over the years. But we can't deny the influence ETFs have on bitcoin in the short term, so it's no surprise that many people are still interested in whether ETFs will be approved or not. We are approaching another bull season, and if ETFs are approved, it could also be a significant catalyst to create a super bull cycle for bitcoin. The last thing people care about is the bull season and the rise in bitcoin's price, not the ETFs.

Nothing too bad won't happen if ETF isn't accepted. I don't think that BTC will drop to $20,000 or below again. Simply nothing will change for us.

I don't believe it won't be approved, but let's consider this hypothesis.

What would happen is that everything would continue as it always has been, but the volatility would take much longer to stabilize. I say this because, when more people participate in a financial market, the more stable it becomes over time.

ETF not being approved, we would continue to see volatility for many more cycles. Everything has its good side and its bad side.

I'm not complaining about the volatility, it's great and I really like it! volatility is something extremely valuable for those who know how to use it correctly

If it gets no approval from the SEC, there is a reason for that but also, we have a reason to stay buying, holding, and trading Bitcoin despite disapproval. The fact that we are not reliant on ETF approval, Bitcoin transactions in or out continue and remain outstanding.

But the talks about approval have already been made early this year, maybe we just wait for the exact date of it. Maybe it was exciting but honestly, I was even more excited about the impact of halving than this.
Therefore, we have to stop making assumptions - what if because at the end of the day, our crypto life continues.

What you said is a summary of the situation we are in right now. If the ETF is not approved, we will continue to buy, trade and hold Bitcoin for a long time, as always. Our days will be spent with Bitcoin and we will continue to do so. If the ETF is approved and the price starts to increase, which I think there is no guarantee it will increase, we will still choose to accumulate Bitcoin or take some profit if it comes to the price we want. ETF is not a deciding factor for me.

As you said, Halving excites me more and shows that the bull season will come at the end of Bitcoin cycles. I'm more interested in this. I prefer not to deal with the market's preoccupation with the ETF and the disappointment that would ensue if the ETF is not approved.

The worst that could happen is temporary price tetracement and things will return back to normal after a while, and also those who have been waiting for some pull back will finally be able to buy some Bitcoin for lesser amount.

I don't let this bother me at all, because Bitcoin have already won it's biggest war years ago, the only way it can be defeated is making people to stop using or adopting Bitcoin and since no one can control the mind of all human in the future world it's impossible to stop Bitcoin.

you call that worse thing?
i call it discount opportunity to buy more before 2025 ATH


have you not read the sponsored dev politics of wanting people to lock up value with middle men and off ramp utility to other systems/subnetworks

core are the central point of failure of the direction bitcoin users follow.. they named the brand core(center) for a reason, and it sure aint in their plans to scale bitcoin onchain to allow more genuine bitcoin transaction count utility onchain

If the ETH is not approved yet as expected, I don't still see any potential lost in the Bitcoin. The state of Bitcoin rate according to its volatilities still maintains the potentialities nature of cryptocurrencies and yeah, it is still profitable pending on investors who are accumulating and tends to sell.

ETFs approval would have a positive impact in BTC price on short run, while its disapproval would have an opposite impact, I think we can't avoid that. However, what really matters this year for Bitcoin market is the halving event. This is the most powerful catalyst we have under our disposal to make Bitcoin shine and enter a strong bullish season. When we think about this major event, ETF approval or disapproval becomes a little detail without much influence on the bigger picture. The focus of Bitcoin investment has always been the long term, so there is no reason to get worried or distracted by short term events, especially the ones which are highly manipulated by regulators.

If the ETF is not approved I see a dump as well, and to be honest I would be quite happy because it would give me more time to buy more satoshis, unfortunately I wish I had more and I see the price that just keeps going up and up, so a dump for me would be more than welcome. Anyway let's not forget that the ETF approval could also be a sell the news event, so we could have a dump either way.

I like you being optimistic there, while many investors or bitcoin holders fear that if ETF doesn't approve bitcoin, then bitcoin price could experience a great decrease in price, but for us who are seeing this happening as an opportunity, an opportunity to buy more satoshi and to invest more so that after some time when bitcoin price gets back from its price before the fall, then its a profit for us. But still, I don't think that even if the ETF doesn't approve bitcoin, it will affect the bitcoin price too much, because over the years, even without its approvals, bitcoin has shown its potential, kept on increasing in price, and kept on setting a new ATH, so I'm confident that bitcoin will still remain at its current price or remain in its zone of price. Anyway, let's wait for the result. Either way, we investors can benefit from it. If approved, then bitcoin might increase more; if not, then we can bring more bitcoin and wait for the increase in price.

I think nothing will happen if Bitcoin ETFs don't approve. But there will be some shock in the market and this shock may last for a long time, and may bring the Bitcoin market to a very low point. Anyway, since the Bitcoin market is in good shape right now and the Bitcoin ETF is expected to be approved next month, let's see what's going to happen next. Besides, there is no need to be so anxious about this matter, as the time for our half-life is approaching, and it is not too late. When Bitcoin halves, the sire season will already begin in the market and the price of Bitcoin will quickly reach highs, and peak ATH.

We agree that Bitcoin's strength isnt dependent on ETF approval. Bitcoin has defied financial conventions and shown tenacity. See its history: Bitcoin's value has reached record highs due to its decentralization, limited supply, and active community, not institutional acceptance.

Bitcoin is more than a currency or investment. Its novel approach challenges financial systems. ETF or not, Bitcoin is gaining popularity because it changes how we see and handle money. Decentralization frees it from single entity decisions and policies. The autonomy is a major draw.

Bitcoin always thrive without ETFs. Powerful on its own. Investors and believers in its potential should study its technology and ideology. Knowing the market's fluctuations helps us make smart decisions. Im eager to join Bitcoin's revolutionary finance.

The rejection won't hinder the progress of the Bitcoin Halving, which is my current focus point. The disapproval of the ETF is quite understandable, as getting approval for it is indeed a hard challenging process. Therefore, I'm not expecting too much from the ETF, so my expectations won't plummet drastically. Prepare for the worst-case scenario in case the rejection news is announced soon.

But also, pay attention to your moves. Do you want to buy or sell when the market turns bearish? Remember, we'll soon be welcoming the halving, and that's a strong reason why, even if the prices crash, there's at least another reason to hodl or even add to your assets.

But that's my entire point. Why do we care about the short term?

And even the supposed longterm effect of institutional demand has been proven wrong time and time again. Every ETF that was hyped and eventually came, did it really push Bitcoin up? Not even in medium term!

So if most of us are holding and investing, why are we constantly hyping up ETF? It's as useless as McAfee predictions.

Bitcoin does not need ETF at all...

ETF is a KEY THING for institutions. For Bitcoin? Not at all, It would be just a nice bonus. :)

It is indeed, a game of patience.
To be honest, the hopes are really high that the bitcoin spot ETF will be approved, but for me, I am honestly not banking on that, atleast, this is a kind of measure for me to avoid being over disappointed just incase the ETF is not approved at the anticipated time or date, which many believe to be 10th of January 2024 (a day after tomorrow being Wednesday).

I am already holding bitcoin in anticipation for the ETF approval, and I also have some usdt in my portfolio just incase the ETF is not approved, I will gladly buy more bitcoin at a cheaper rate in anticipation for a pump during the halving.

I don't see any reason why they can't delay it. after all they've been doing that for 4 years. Bitcoin ETF is not a new thing. it has been going for 4 years. they have been delaying it over and over every time. this time however the buzz is way more than previous times. maybe this time they get pressurised and finally aprove that..
Otherwise they could delay it again.
BTW it is 2nd week of 2024. they've been concluding meetings with stock exchanges and big companies. but so far there is no final news about approval. don't you think they are intentionially taking too long?

Non approval of Bitcoin ETF would spark a sudden dump in the price of Bitcoin from fundamental point of view of the market immediately when the news was announced, of course that impact would be momentary, however how far the downward trend would reach is unpredictable after the announcement, however the price recovery is sure because Bitcoin halving is coming up soon thus there is would be a gradual price recovery as we approach the halving this is based on the fact that price history repeat itself in every cycle of Bitcoin halving it is usually accompany and synonymous with high rise in it price.

The price will dip for a bit, then it'll continue its climb upward regardless.

Most probably, because of the hype that if ETF will be approved, there will be a high price increase for bitcoin that could lead to its new all time high, not realizing that bitcoin will do the same even without bitcoin ETF. The problem is it might be delayed, but we still really don’t know what’s the future holds for bitcoin as it still moves mysteriously. One thing is certain, when bitcoin has reached its top price in the previous years, there was no ETF approved that time, so most likely, it’s still highly possible this year or in the following years to come.

You said nothing to happen but you assume there will be a shock in the market. What do you mean exactly?  ???
Sure, there will be something to happen if Bitcoin ETF won't be approved. At least, there will be a drop in the price of Bitcoin temporarily. But it won't last a long time because Bitcoin ETF isn't the only factor to trigger Bitcoin price skyrockets. We have Bitcoin halving in the next few months, it is actually the main factor to trigger Bitcoin for achieving its ATH. So, we shouldn't be so afraid with the news from Bitcoin ETF. I don't think the market will be in a very low point. It is not the end of Bullrun hype if Bitcoin ETF isn't approved!!

We all witnessing the hot movement despite the fact that the Bitcoin ETF hasn't been approved and yet Bitcoin is still standing Strong and I am sure that will also be the case if the market continues like this. The high expectations and the much expected price increase due to possible ETF approval is something that every Bitcoin enthusiast have clinged unto and whenever I reads these information or news they all make it sound as if the ETF is the one thing that's pending the price increase of Bitcoin.

If the ETF is not approved, there will certainly be a significant dumping across the entire market and I believe growth will stop even if the halving occurs. While the halving is the biggest catalyst to create a bull season, if you look at the past you can also see that the real bull season will only come 6 months or a year after the halving finished. It doesn't happen immediately, so if the ETF is not approved, dumping is inevitable. Furthermore, expectations for this ETF are very high and if it does not work out as expected, the market will panic.

I can't really understand that logic. Bitcoin is growing since it was first started in 2009. The bitcoin ETF is supposed to bring new investors into bitcoin that are not able or willing to buy real bitcoins. If however the ETF is not approved we will not see these investors in bitcoin. That will simply mean that everything will be the same and nothing changes. In my opinion we will see a bullish pattern with the ETF and if there is no ETF then there will be the same pattern that we saw before (also bullish).

I think if they dont approve a BitcoinETF it shouldn't make people panic or make the price of Bitcoin suddenly drop there will be a news effect after it will gain again. Even though approving a BitcoinETF could bring in more investors and the price go up we should remember that Bitcoin has done well without an ETF in the past. It has shown that it can bounce back and grow on its own.
Bitcoin has shown that it is a good to have and it has done well in the past. Its value doesnt just depend on a BitcoinETF is approved or not.There are other reasons why Bitcoin is valuable like the technology it is built on more and more people and companies using it and more people seeing it as a way to keep their money safe. These things make Bitcoin have a good future.

Then it will be approved in the future... It is inevidable ;)

The time has come and this has been in the headlines for all who are involved in cryptocurrency as a whole.
Many bitcoin spot ETFs have been approved in many other countries, but the US since 2021 has had only future-based ones. Nothing more.

Having a thread (https://bitcointalk.org/index.php?topic=5307057.0) on this topic for the past three years goes to show you just how many rinse and repeat moments getting a spot ETF has been for bitcoin.
But here is the latest of those headlines about how it is going so far, with $100ml in liquidations as the bell toll looms ahead on its approval soon as January 10th hits:
https://www.coindesk.com/markets/2024/01/09/bitcoin-etf-approval-expected-soon-bears-lose-100m

I created a bit of a misunderstanding, what I mean is that the bitcoin price increase will soon stop if ETFs are rejected even as we are getting closer to halving. In the long term, bitcoin will recover and continue to grow over time as long as demand for it continues to grow steadily.
I know many people on the forum are not interested in ETFs but if we look at the overall picture of the market, we see that the majority of the market is very interested in this news. Therefore, I think if it is not approved, a round of dumping will be inevitable.

the news about bitcoin ETFs is really interesting news and of course if there is positive and negative news it always affects the price of bitcoin, and of course for people who invest short term in btc then news about bitcoin ETFs is really needed because they can buy at the right time and sell at the right time. But for me personally and as a long-term BTC investor, I don't care about whether the Bitcoin ETF is approved or not because in my opinion, the BTC halving and Bull Run will certainly be enough to make BTC rise and have good potential in the future.

But if the bitcoin ETF is approved, that is something we want because the BTC price has the potential to rise high, but if it is not approved, the BTC price could fall very deeply, but for long-term BTC investors, of course they won't worry and can even take advantage of the decline in BTC prices by buying. btc when btc experiences a price decline.

Yes, it's true that if the Bitcoin ETF is not approved there will be a sudden decline, but we have to be patient and don't panic. The point is, we have to be patient and only sell BTC when we already have a profit. But of course we also have to be able to analyze and have to actively read the news so that we can predict and analyze BTC price movements.