Bitcoin Forum

SEC gives the green light to a Bitcoin investment fund, is it a good sign for Crypto investment?

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In recent news, regulators have given the green light to a new form of cryptocurrency investment known as a Bitcoin exchange-traded fund (ETF). This approval has sparked hope among crypto companies that it will bring cryptocurrency into the mainstream. However, critics are expressing concerns, fearing that investors might not fully grasp the associated risks.

ETFs are investment funds that trade like stocks, and they make investing in Bitcoin more accessible. Cathie Wood, the CEO of Ark Invest, recently received approval to launch a new Bitcoin ETF. This is one of a total of 11 such funds. ETFs are already popular investments, constituting a $7.7 trillion industry. These new funds will track the price of the world's most well-known cryptocurrency, Bitcoin.

According to Wood, an ETF simplifies access to Bitcoin and will likely increase the popularity of cryptocurrency. She believes that Bitcoin is a revolutionary idea that will transform the way we conduct business. Wood, a staunch supporter of digital currency, notes that her firm purchased its first Bitcoin in 2015 for about $250, and today it's trading above $43,000.

Read more...
https://www.cryptocrit.xyz/2024/01/sec-gives-green-light-to-bitcoin.html (https://www.cryptocrit.xyz/2024/01/sec-gives-green-light-to-bitcoin.html)

This section is for discussing altcoins, not bitcoin. Please move your topic to the Bitcoin Discussion section, here Bitcoin Discussion (https://bitcointalk.org/index.php?board=1.0). Or you can move your topic to the news section, here Press (https://bitcointalk.org/index.php?board=77.0). And please do not confuse the sections from now on.

This has been discussed several times in the past few days when the news about approval of Bitcoin ETFs broke. Just look up some threads in the Bitcoin discussion board and read about member's opinions instead of creating yet another Bitcoin ETF thread.

1. [2024-01-08] Ark Invest CEO Expects Spot Bitcoin ETFs to Attract ... (https://bitcointalk.org/index.php?topic=5480925.msg63466661#msg63466661)
2. [Discussion] Bitcoin Spot ETFs (https://bitcointalk.org/index.php?topic=5465517.msg62789444#msg62789444)
3. Big SEC Decision on Bitcoin ETFs: What's Your Price Prediction? (https://bitcointalk.org/index.php?topic=5462935.msg62680429#msg62680429)
4. [2024-01-10] Wired: Bitcoin ETFs Have Arrived. Here’s Who Stands to Get Rich (https://bitcointalk.org/index.php?topic=5481368.msg63487412#msg63487412)
5. Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? (https://bitcointalk.org/index.php?topic=5481197.msg63479169#msg63479169)
6. How will Spot ETPs effect the economics of Bitcoin and existing Bitcoin markets? (https://bitcointalk.org/index.php?topic=5481167.msg63477987#msg63477987)
7. 2024-01-10 CNBC - SEC approves rule changes that pave the way for bitcoin ETFs (https://bitcointalk.org/index.php?topic=5481138.msg63476543#msg63476543)

Don't buy a word from (SEC)

Let's be honest, we already have several time they always prohibited crypto and then do the opposite. IMO, I never believe anything these type of news from (SEC). The same things like (CHINA) ban Cryptocurrency.

The news is being used over and over again especially on the bull-run momentum.

Indeed SEC always have been playing with investors through these kinds of news. I would say these kinds of news are just for the trap you also may have experienced they used to do different things according to what statements they give. I mean opposite thing happens when they give any statement (not all the time)

A few days ago, They played game by saying on Twitter that the SEC had approved the Bitcoin ETF and we noticed the market was bullish and after some time they gave the statement that Their account had been compromised like what rubbish haha.... well, anyway I would say just don't do quick action on what they say.

That play was discussed, I think this is quite normal because this issue is really an important event proud that the SEC did that and not against everyone's wishes, and now the market is in the starting stages but still needs time for things to really go into a new cycle. It can be speculated a bit that the bitcoin price momentum has increased since this news was rumored, and after its approval, it must be understood that it is a way to create liquidity for those who came first. It's always a financial game, where those who come early and use their ability to direct attention, although I don't have too much hope, between now and halving 2024 we will still witness many SEC-related dramas many

This is the altcoin section so even though this news is focused on entirely on bitcoin we could instead discuss how etf approval would affect the direction of altcoins in the next following months

It is expected that there would be an increase in cash flow into the crypto world and not only bitcoin and ethereum will experience this because huge investors investing in bitcoin or ethereum will spark an interest from the general public and they will try to go look for other alternatives other than bitcoin or ethereum

Yap, that's why not really care at all.

Not buying anymore because the HYPOCRITE + with he accident hack on (SEC) and make a fake post from their official resource. Many people are not believe anymore, these news is really booming a few days ago.

Feell bads.

that was one of the meanest accidents they pulled out and no sorry was ever said. because of that tweet where they say a hack just happened, people lost a lot of money when it was dumped.

they have been faking ETF approval for a long time but yep since ETF is already approved i guess it will also take time before they give another green light. and it could mean in the next cycle.

It surely gives bitcoin another level of legitimacy and establish it as an legal assets if not a tender. It would  enable ones skeptic investors to take advantage of bitcoin investment on their terms and with ease. This would solidify the ground for introducing other crypto ETF.
Not only would it be good for the ETF investors but also the long term hodlers of bitcoin as more and more bitcoin would be out of circulation as short and long term investment. This would create a premise for the next bull where all good crypto would have their share of stardom.

And also the Op can't take this to the Bitcoin discussion board because they are lot of threads overy there so the best way for the op to do now is to lock this thread. This is one of the problem of the newbies, they don'take research before creating thread. He would have make some  research on Google Search Engine so that it would have been easy for him to make comments there instead creating thread in the wrong board.