Bitcoin Forum

I think it will be approved within Dec last.
What you guys think?

In the remaining ten days? I don't think so. Besides, I don't give a damn. It is clear to me that they will start to be approved sometime next year, which coupled with halving will push the price up but neither changes my plan, which is slow and gradual accumulation until the price breaks highs.

 Well, we've got ten days for this year to be finished. So if the SEC wants to do such, they better get started already. It's difficult to tell when these ETFs will meet an approval because of the way they are dragging their feet, but according to this news I got https://www.foxbusiness.com/markets/sec-could-make-crypto-history-in-new-year-with-first-spot-bitcoin-etf-approval, it looks as if majority of fin companies that applied might get their Christmas package in January.
 If this gets done, it would only mean that the SEC have finally decided to give in to the numerous requests and finally cryptocurrency will receive mainstream adoption in the US.

Rumors are circulating that it will be approved before Jan 10th or so. I don’t think it will be approved in December unless it’s actually approved tomorrow, I don’t even think it would get approved on a Friday because it’s right before the holidays.

And usually nothing gets done between the week of Christmas and New Years. Markets are flat, because people are with family.

So if it doesn’t get approved tomorrow then most likely Jan 10Th or so.

May be the will approve around halving for back to back positive news so that btc cross its Ath.

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Do you think many big whales will start accumulating before ETF approval or after approval ?

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As i know in crypto events happens when we least expect.

Because of what you are seeing? Just like those tweets on X and what you are reading on the news. Making it to look like spot bitcoin ETF will soon be approved. People are expecting the approval to be in the first quarter of next year. But as for this year approval, I do not think that is going to happen, spot bitcoin ETF is not going to be approved this year.

It's very certain that it can't be approved within this few days left in this month of December even till the first week of January is over.

Everybody says what's on their mind inorder to get attention so most of the posters are attention seekers. Sometimes we should get concerned about somethings rumours are too much.

Anyways I have nothing to do with the ETF approval because I'm not a whale so why would I get worried about when it will be approved.

I think Gary Gensler and the four other commissioners can answer this question correctly. Maybe Joe Biden and some members of Congress might also have a glimpse of when it will be approved because the SEC reports to them. The first final deadline will be on 10th January 2024, which is the Ark Investment Management application. The SEC can choose to approve or deny this approval citing more concerns. Which means that we have to wait for the consideration of other applications.

Currently, there are concerns that the SEC is insisting that these ETF providers should use cash to buy shares of the ETF instead of the preferred "in-kind" transactions. However, some ETF applicants are pressuring the SEC to allow them to offer both in-kind and cash redemption. There have been several meetings between the representatives of the SEC and these ETF applicants and several issues have been discussed which have necessitated most of these applicants to adjust the provisions of their applications. My advice is that you become less expectant because it can happen slower or faster than you expect.    

If it happens at the same time, then the price of Bitcoin will skyrocket. But I am certain that next year will be a good period for bitcoiners with or without the approval of ETF.  

You won't have it soon. I believe there will be no approval for Bitcoin Spot ETF before the USA. President Election ending in 2024.

I believe we will have it in future but not too soon and I am not saying I am right about it. You have to think that if my thinking becomes true, what will happen with Bitcoin, will it be correct a lot because its current price reflects the market anticipation for Bitcoin Spot ETF approvals.

I am not spreading fud here but it is one of scenarios, if it happens, don't feel bad about it if you already have plans, reserve money to catch Bitcoin dips. Halving will be in April 2024 and any dip in next four months will be great chances for you to get profit.

I do not have much hope left for an ETF approval.  Nor do I necessarily see it being a great achievement for Bitcoins purpose.  I think there are better things to be much happier about.  Maybe if they decide to finally get rid of Know Your Customer or such thing.

Every body seems to be positive on the ETF yet it has always been like this every year.  We will probably have the approval when every body expects it the least.

According to Digital Galaxy CEO, Bitcoin ETF approval will happened before January. Of course this just a mere speculation but the recent SEC meeting on company that submit ETF and discuss their submission is already foreshadowing how near the green light for all the ETF.

However I’m not sure if the current trend will continue once the hype on ETF approval was already over since we all know how crypto investors think, buy the news and sell whenever there’s already the result. Same scenario during Bitcoin halving and other positive news.

Source: https://cryptoslate.com/galaxy-digitals-mike-novogratz-anticipates-a-spot-bitcoin-etf-approval-by-january-10/

The only thing that we should care about is that we should be buying more bitcoin right now and that no matter what happens we hold on to that bitcoins and wait for the price to go up because there's nothing we can do in this ETF approval besides waiting and speculating, we will definitely see bitcoin go up in prices when this happens and I do hope that it's going to be because of ETF and halving, some people will definitely not be ready for the next ATH and about how high it's going to be and I for one is one of those people that I've mentioned.

In the next three more weeks we should have an answer already, it's possible that the ETFs will be approved and few times already the Discussion of the approval have been talked about with the SEC but I just believe that if they plan to crash the market first, this ETF approval will be a very good opportunity.

I said this because too many people have now rely heavily on the ETF approval, you can't fade the fact that peoples emotion is what shapes the behavior of the crypto market almost all the times.

Also have anyone think about what will happen after the Approval? The buy the rumour sell the news event will take place, this is my own believe, there will be some massive sell off and the price of Bitcoin will still dump, either ways dump is expected to happen.

I do not think within the next 10 days, the SEC will approve a Bitcoin ETF. Holiday season has already started and would continue till the first week of January next year. A lot of speculated news are being circulated, but they are only speculation. If I am correct, only 113 days left for the next halving, so if there is any positive news it will come after halving. That will surely help the market, and we can expect the start of a bull run after it.

I don't think that Bitcoin ETF will be approve this year, as the tear has come to an end and it is time for holiday. According to the the rumor that it will be on January 10th, but nobody knows if SEC will approve it on that day or still delay the approval. One thing that I know is that ETF approval will be next year but I cannot say when exactly.

What I know is that whether ETF is approved or not bitcoin will be doing great next year since the bigger event is taking place which is the halving because it is the halving that will lead to the bull run. The approval of ETF will only make the price to skyrocket more than 100k to maybe 200k. The important thing now is dor us to keep on stashing our bitcoin portfolio for the next bull run and worry less about news in the market.

Bitcoin ETF may be approved by January, but there is no specific timeline. However, even if Bitcoin ETF are not approved in January, the price of Bitcoin will increase. Bitcoin ETF is totally dramatic. But I think it will never be approved in December.

No one knows when the ETF will be approved, but there are filings to that effect and the time to decide the fate for now is on the 10th of January. That is at least the last updated news I read about the ETF. Mind you, it is still subject to approval or rejection as the case may be and not the view of only approval as you think. It will disappoint a lot of crypto dealers if they reject it and the crypto market will be so negatively affected. But if it is approved, it will continue to help the market to appreciate as we see now. However, the chance of approving it is so high judging by the appeal court's verdict about it. Yet, the SEC still have the final say and I believe that it would be reasonably approved this time.

Come to think of it, if Crude oil, Gold and others could have the ETF, why not Bitcoin even if they will not approve other cryptocurrencies? I hope the SEC will consider it wiser this time and do the needful as this can't hurt in any form more than how it is already but is just a further advancement in the crypto space.

Some say January, then there are other speculations in December, what I read from X.com sources that the SEC and Grayscale held a meeting to discuss the approval of ETF, it is still unclear when will determine the exact time unless we just wait.

Do you care about ETF approval or bitcoin accumulation? I think accumulating bitcoin is more important than continuing to pay attention to this news that is still continuing whether or not it will be approved. I think it is still focused on buying before the price is high because it is influenced by the ETF or the Halving that is coming soon. Focus on that with bitcoin purchases.

"Buy the rumor, sell the news" and it is rumor only, no guarantee that SEC will approve Bitcoin Spot ETF applications before or after January 2024 or even in a next year. All we have so far are simply rumors and Bitcoin has a very good rally in 2023 that is good enough for a correction and I will not feel surprised if it has a deep correction in last few days of 2023 or in Q1 2024 before the halving.

Because I don't know what SEC. will do with those applications, I won't make my investment decision or trading decision because of SEC. I know one fact that Bitcoin halving will happen in April 2024 and I know by history that a halving event helps Bitcoin to make a new all time high. It is true with past three halvigns and I believe it will have similar effects in 2024.

I decide to hold my bitcoin and wait for the halving as well as a bull run in 2024.

I don't think it will happen so soon since maybe they just want to create a hype on it so that they can manipulate the market. But you know what will happen next to it when it gets denied again? For sure we can see a price fall since this is usually what happen to bitcoin when ETF submission denied news will spread out so I guess we need to be careful on to much believing and just monitor how this case go so that we can do good actions if certain good or bad effect will happen if ETF will really get approve at that timeline or get denied.

Really great if all officials will agree to accept it since I think we can see bitcoin reach to another level and might for this event we can see the demand rise up and it can help to get a huge bull run especially that year 2024 is possible a good year for bitcoin since many think about more positive to happen when halving season happens.

I heard it will be approved in January. Approval or not, I'm not worried about ETF news. I don't think the ETF approval matter will have any impact on Bitcoin. Many people think ETF will be approved this time. But over the past few years, I have seen dramas being written about Bitcoin ETF, but ultimately the drama is never released. We are now nearing the end of the year and Bitcoin has pumped well. Since there is a Bitcoin halving next year, I think we will see a huge bullrun of Bitcoin without such ETF controversy.

no need to guess, you can see through this news the sec will announce about the approval of bitcoin etf on january 10, 2024
https://www.bloomberg.com/news/articles/2023-12-16/the-deadline-for-the-sec-to-decide-on-a-btc-bitcoin-etf-is-jan-10

whether it will be approved or not will probably have an effect on the bitcoin market, because market expectations on approval are high enough that i think it could be a trigger for whether the market will be bullish or bearish next january.

As far as I know the Bitcoin ETF will be approved on January 1st or January 10th of the next year 2024.

I heard that one YouTuber was saying that Bitcoin ETF spot approval's last date is the 10th of January so I guess the Bitcoin Spot ETF  will be approved on or before that date and it is not that far away now.

The real question should be.. Why is it so important for some people that a Bitcoin ETF be approved? A lot of people believe that it is better for bitcoins to be distributed to more people and not centralized by some rich institutional investors.

We should also accept that most of these institutional investors are just trigger happy speculators and that they will dump large amounts of bitcoins at the earliest sign of trouble in the market. (This cause wild fluctuation in the Bitcoin price and that is not good for Bitcoin as a currency)  :(

No one can say when or what year Bitcoin ETF will be approved. Gary Gensler is the only person who can say a lot about Bitcoin ETF. However, it is unlikely that the Bitcoin ETF will be approved at the end of December this year because there are only 10 days until the end of December this year. It is not possible to get the Bitcoin ETF approved in these ten days, but if it is possible to get the Bitcoin ETF approved in December 2024, it is fine.

Experts predicted a very high percentage (something like 90%) of probability that we'll see the SEC approving Bitcoin ETF till the end of this year, but we're pretty much at the end of the year now, and I really don't see it happening in the very few work days that are left. I'm not surprised that everything is still unresolved with approvals because I initially assumed that the SEC doesn't want to grant an approval and is merely buying some more time for the issue to become less relevant to the public. Maybe I'm wrong, and we'll see an approval soon after all, but I expect the SEC to remain vague for as long as they legally can.

I keep hearing about 10th of January or before. Personally, I think we will see something in the next 2-3 weeks. Although knowing the efficiency of bureaucracy and how such things are handled, it might take months.

Either way, it does not matter to me since I hodl my Bitcoin. The people who trade back and forth between Bitcoin and Fiat or Bitcoin and altcoins are going to be the ones who lose out most, next to the guys waiting to buy Bitcoin at 30k or those waiting on god to give them a sign to buy Bitcoin at all.

Too many flip-floppers, not enough risk-takers.

How I wish it will that time , but aren't we getting tired in expecting this but not coming any
way? why not just let it happen without even assuming when but I wish this will come any time before
halving because of the opportunity seeing the price of bitcoin staying UP while halving is on their way
not like the previous halving season.

You seems to be new on the forum and that's why you're making multiple posts to reply others. I would suggest you to reply all of the posts by quoting the posts in a single post, that way you will not break any rules.

I believe the Bitcoin ETF can be approved anytime, it may get approved on Christmas or it may get approved in the first 2 weeks of January 2024 but we really don't have to think a lot about that. Our main concern should be that how good impact the approval of ETF will have on the Bitcoin's price as that's a better way to look after the ETFs.

I believe the ETF approval can create a FOMO effect for short-term and we may see pump in the price of Bitcoin when the ETFs get approved by SEC. Whether the ETFs get approved this month, the next month, or during halving event the main concern should be the effect of them on Bitcoin and whole crypto-market. And, I'm quite sure that effect is going to be a positive one.

The drama is getting bigger as this event gets closer to the date when the official results must be announced. I have also consulted many different sources, so it will probably be around January when we will know the results of that result. Regardless of the scenario, I think it will benefit everyone in terms of investment opportunities with Bitcoin, but if approved, this will be a big start to the development journey and acceptance of bitcoin in the near future.

Tomorrow, though I didn't even care with that.

According to the last two ATH, it happens near end of the year, so I expect maybe in November-December on the next year. Usually news about accepting, adopting, legalizing etc about Bitcoin happen when Bitcoin price is keep rising.

When bear season happens, they would declare Bitcoin is illegal, just like countries who tend to ban and unban Bitcoin.

Its accurate date confirmation about  Bitcoin ETF will be approve? is rumor right I think become good news and bitcoin have good start in new year with ETF approving will make bitcoin raise to higher price. But I don't really expected with bitcoin ETF approval because this rumor have been in long time but until right now not have good progress. Personally many people and bitcoin holder more expected with the progress of bitcoin ETF will approve or not in short time.

If this news right and bitcoin get ETF approval just waiting moment for bitcoin raising to higher price, wish with close end this year have good news bitcoin ETF approval and expected with bitcoin will be more promising price for bitcoin holder.

Bitcoin ETFs have been rumored for years, but so far no one has actually been approved. Bitcoin ETF is basically a joke and new news updates every day about its approval but in reality it has not been approved yet. Some said approval in November December but December is almost at the end while Bitcoin ETF approval remains incomplete till now. However, if 2023 is not possible, there is a possibility that Bitcoin ETF will be approved in 2024. But Bitcoin will always be considered valuable to me regardless of whether the Bitcoin ETF is approved or not.

Maybe next year, a Bitcoin ETF will be approved, or even 2 years before it will be approved. But there is no need to think about it because the most important thing is to prepare ourselves for the events before and after the halving occurs.
Bitcoin ETF approval may be accelerated if market conditions perform better than now. After all, we see that a Bitcoin ETF will eventually be approved, although we don't know when that will happen.
We can only wait for it and don't need to be too serious about waiting. We'd return to our previous focus on collecting bitcoins before the price really increases.

Strong rumours suggest some time between January 5th & January 11th 2024. It’s also rumoured that they will approve a raft of them at one time, so the SEC isn’t accused of picking winners, facing more legal threats etc. We’ve been waiting for Spot ETF approvals for many years. It seems like the SEC is running out of room & excuses to reject them now. Institutional interest is powerful & they are backed into a corner. I hope it is very soon as it will bring a wave of new capital.

I saw a video on YouTube where an influencer said that Blackrock might have been approved, but it's just a rumor; there's no certainty yet. I don't seem to see Blackrock reacting to this. The rumors about Blackrock could be true.

And there are also many who are hoping that Blackrock will actually be approved in the ETF, and when that is confirmed, it will be very good news for those of us who have Bitcoin holdings, to be honest. I'm also expecting Blackrock to be approved.

I have read some articles and everything indicates that the Bitcoin ETF can be approved this 2024 from January, then this can make a difference in everything, when we generate opinions there are many controversy that can occur, therefore when we are seeing these things In a simple way it can be said that the approvals will come by themselves, one by one and that will make a great Revelation of the price, and for that reason it is that we can generate better events for the market from a bullish point of view.

Of course this is what some ETFs can do, if I consider that an ETF is necessary, they are all necessary, but to give the greatest confidence in the world, credibility for economists who are class something against bitcoin is How can they do things better, that's why the price increase and that's why we must wait, everything has already been done for it to happen, all that remains is that, the approval of in 2024.

this year they will most likely not approve, there are rumors about the date of January 10.I think there will still be more attention on the future halving for the community; it will be a more significant event for which everyone is preparing in advance.The general trend in spring should be impressionable, there is no doubt about it.

Nah, do not just guess things while you have the data available on the internet, it is not just that has been kept hidden from the public everything is public for all of us. For your easiness, let me tell you, the first deadline for ETF is 10th January of 2024. This means if that ETF will be accepted then all other ETFs will also be accepted because there remains no point in rejecting others if the first will be accepted.

But if the first ETF is rejected then the chance for other ETFs will be decreased. but most of the analysts are saying the ETFs will be approved so if approved then it will happen in January not in December.

Who cares? I literally don't and I want you also not to care about the ETFs when you can simply own the Bitcoin by buying from someone via P2P or Exchanges.
ETFs are for the crackheads who are from outside the Blockchain or Technology world and are willing to buy a piece of Bitcoin just because it goes high as compared to their traditional stocks.
F ETFs.

I do not expect the Bitcoin ETF to be approved before the end of the year. There will likely be a session in January at the beginning of next year and I hope it may be approved.

Personally, I do not place high hopes on approval or rejection. I believe that ETF  played a positive role in raising the Bitcoin market, and I expect that the effect has already occurred, so I do not want people to imagine that approval will make the price of Bitcoin go to the moon.

Certainly there will be positivity and some increase, but do not expect much.

That is beyond my control, what's important to me is that it should be approved before bitcoin halving comes as it will also contribute a significant price increase for bitcoin. December is a holiday season, that's why SEC made January as their target month to approve Bitcoin ETF. And probably we will know their answer after January 8, as it's that target date that they will come to approve based on the news update.

As long as there will be positive action for that, that is more important. The bull season would be more festive and joyous if two big events like Bitcoin ETF approval and bitcoin halving will come into reality.

There is no accurate information on when it will be approved. However, i do not see it being approved anytime soon. Infact not at all.

If really the Bitcoin ETF approval woulf be beneficial to Bitcoiners then ut would have been given more concentration. There is no news or blogs currently that is carrying satusfactory information about it. And so many Bitcoin enthusiast do not care about it for now.

Let this month pass and move on to January 2024. It seems that there will be approvals that might happen by that month prior to halving. But that's just a guess and it's still SEC that's going to decide whether to approve any of them or none. But with news like this[1], we've got some positive movement there.
[1] SEC takes new meetings with BlackRock, Grayscale as high-level Bitcoin ETF talks continue (https://cryptoslate.com/sec-takes-new-meetings-with-blackrock-grayscale-as-high-level-bitcoin-etf-talks-continue/)

No, I am not expecting ETF approval this year. The exact time would be determined only by SEC; there are no chances for a forecast. I wish ETF approval after halving so we could see a real bull market. Only ETF approval alone won't push for a real bull, though we may see a short pump. Transaction fees have become a real concern for Bitcoin, which would make us sad in case we see some negative news about it. So I wish to delay ETF approval a few more weeks to normal transaction fees. So everything would be positive, which would help us see a bull market again.

According to the news, it will happen in a few days. That's why it's so hype right now, right? and made many people take positions. But the question is, will it actually be passed or will it be postponed again or will it fail again? Is it true that there will no longer be any manipulation or tactics from them to just play the market? and then they actually make a different decision when many people have already taken a position? I don't know, because after all, it's still a matter of money and which profit is much bigger. As in the past, sometimes what happens does not match what is hyped in the news.
What is certain is to stay calm and be wise about what is happening and the hype. Don't let us go all in on something that is actually still in doubt. The hope is that this will happen, but there is no guarantee that a Bitcoin ETF will actually be legalized soon.

We will know their decision by January 8, not after. At least, that is what it's scheduled to happen. Now if they approve or not is still a mistery. Nobody on news articles dares to predict what they are going to decide. Anyway, I think Bitcoin investors and enthusiasts shouldn't put all their expectations and hopes on it, because it means to give too much power and influence to a single centralized entity, just like crypto investors did in the past with Elon Musk and his temporary support to Bitcoin, which ended in disaster some time later, as soon as he launched an offensive against the digital currency.

If investors are faithful in an ETF approval, consequently they decrease their faith in BTC itself, making the ETF event more important than everything else, including the halving, which should be the main priority of everyone here since now. Other events should be just secondary and not determining for Bitcoin's next bull run.

While the approval or the denial of a bitcoin ETF should not change our approach to the markets, it is also undeniable there are a lot of people out there that care about it, as the recent growth in the price of bitcoin can be attributed in part to the belief that an ETF will be approved soon, and if it happens then I would expect for more ETFs to be approved and this could give a serious boost to the price, especially when combined with the halving since it could allow us to reach a new ATH way sooner than expected.

Yes well said, the effect has already occurred as this was going back and forth so often now that people don't really care. The fact alone that it was up for discussion for such a long time and that the size of the players involved got bigger and bigger, was fact enough for investors to price in the approval that will happen at some point in time in the future. I guess when the "go" is given by authorities, there might still be a minor effect, but it won't end in an unprecedented push for the BTC price.

It seems that one step forward and two steps back. The point is that this news will have its impact on bitcoin and its news relevance may be a matter of minutes. I don't know if anyone commented on it but I'll leave the source here anyway:

^{https://www.nasdaq.com/articles/fox-business:-firms-feel-confident-sec-will-approve-spot-bitcoin-etfs-after-january-8}

Another date that is added to the list, above (qoute) but if you don't want to stay a couple of minutes without finding out, set an alert:
https://support.google.com/websearch/answer/4815696?hl=en    8)

I read somewhere that days ago BlackRock and the SEC got into a meeting to particularly discuss the BTC-ETF so we can say that this is truly coming and it is just a matter of time. However, I don't think it can come within this year as people are already so busy with the holidays so SEC may defer everything to January of 2024. What we can see is that there is a big possibility for its approval within the 1st quarter of 2024...if things can go smoothly on both side of BlackRock and SEC. The other thing I am looking forward in 2024 is the approval of the other ETF filings in SEC...will that be possible or should we wait for years before there can be another one?

Based on this article: LINK (https://www.tradingview.com/news/u_today:7a11972f2094b:0-bitcoin-etf-approval-sec-signals-green-light-by-january-10-according-to-fox/)
Although no specific company has been named in that article, we have an idea of when they will accept the possible first spot Bitcoin ETF. Many prominent companies have filed for a Spot Bitcoin ETF. Companies like Blackrock, Fidelity, VanEck, Bitwise, Fidelity, etc. Of course, I don't want to rely on that information alone, but my safest date on when the SEC will approve a spot Bitcoin ETF would be February of next year.

Since 2019, we have only had one approval (Purpose Bitcoin ETF (Canada)) and it has been described as one of the softer ETFs. As for this ETF, I am not confident either because I don't see the approval as having a meaningful impact on the market as a whole. It is just part of the story and narrative that comes every bull market year, as far as I'm concerned. Elon Musk was an important market influencer in the last bull market, so I want to follow the new market influencers

Bitcoin ETF thing is way down the line and nothing is happening right now. If you really want the perfect details on it, Blackrock applied, a few things were found missing, they were sent back, so right now Blackrock is handling paperwork to fill the parts that SEC thought were missing. There isn't even a reapplying yet, so they are still working on it, considering these paperworks take months, we can say that the next reapply would be either spring or early summer at the very earliest, and the response should end of next year instead. So, it is not going to be all that easy and we are not going to hear about it anytime soon.

Plus, we do not really need ETF to make anything work, we do not need to really end up making anything crazy, we just need to let the crypto world handle it. I get that we all want that to happen, but we have seen this situation to be fine without ETF and it still got up, that should be something that would be profitable for us in the end anyway.

No it won't  be approved before the end of December as this was delayed earlier and there wand ere rumours that it would happen during the month of March or April and then we have latest that it would happen with within first 10 days of January. I think we have to wait for further official announcement but till now but people have been hopeful on spot ETF to bring more goodness to value of Bitcoin.

It would mostly get approved but not sure about the date as it depends on various aspects and it may be delayed further as well.

Or maybe bitcoin holders and investors does not care for now? because we have seen expectation how many years ago but does not materialized and ended to wrong expectation so I will just let the approval happen but these days I will focus in my investment additions so to be ready in what will happen in after halving season .
So Influencer is more powerful than ETF to bring  good impact to the market prices ? I may consider this as an option at least but will assume ETF brings more growth in our market in the coming years.

It seems that in times like this, those of us who are waiting and expecting the approval they will get in Blackrock and Grayscale should hold our breath. When this happens, most of the community holders will see who will have the light for their crypto holdings, be it bitcoin or cryptocurrency.

So for sure, this main event of January 10 is just coming next year. There will be a massive spike in the price value of Bitcoin and other cryptocurrency assets in the market as well.

I think it's an announcement of a decision, and the results may not be approved yet. There's still a possibility of rejection because, as of now, I'm not sure about approval in the near future. It's not about underestimating Bitcoin, but considering how crucial ETF is and the fact that Bitcoin regulations haven't reached perfection globally, it makes me think that Bitcoin needs more time to be fully ready for the ETF.

However, if a decision is delayed, the market will become more volatile, and speculators will increasingly use ETF and SEC news as their speculative material.

According to what is being heard, BlackRock is getting positive signals regarding the adoption of Bitcoin ETF. Grayscale an emergency meeting with the SEC again is also hearing . On the other hand, China, which was against cryptocurrency, is now leaning towards Bitcoin. So there may be some good news in next 24 hours or 72 hours. Maybe some good news can be presented on December 25, which is Christmas Day.

However, it is at the discretion of the US Securities and Exchange Commission when they do so. However, there are rumors circulating in the market and by looking at the price of Bitcoin, it can be guessed that people are shifting investments to Bitcoin. So people investing in Bitcoin is also an indication that ETF approval is near.

Indeed, the Bitcoin ETF drama with Blackrock is lengthy and costly. Dont we see a balance between innovation and regulation? The SEC's alertness isnt shocking; they protect investors in a fast-changing market. Dont lose sight of the overall picture. Bitcoin's journey has never depended on ETF approvals. Its resilience and expansion surprised predictions, right?

Maybe we should focus on the broader consequences of this development. Bitcoin ETF approval might change institutional acceptance, opening avenues for mainstream investors. Bitcoin thrives without it. It proves its value and the crypto ecosystem's strength. We shape the digital asset story as active players.

Remember that regulatory impediments are temporary, but Bitcoin's disruptive potential is permanent. With or without an ETF, we're revolutionizing finance. This complicated trip is ours to conquer.

Well I did at first think it was going to happen before the end of this year. Grayscale is first with the final deadline of January 1. But CEO Michael Sonnenshein is asking the sec to approve all the Bitcoin ETFs at the same time.

He does think we will see $30 Trillion come into the Bitcoin marketcap once this does happen. https://beincrypto.com/grayscale-sec-ceo-approve-all-once/

I can't say categorically if the big whales will take advantage of this news and start buying but who knows? We all know the price went up upon news of an ETF approval and since the aim of every Bitcoin investor is to make profit, maybe they will use every window available to do so.

$30 trillion being shifted towards BTC? Did he mention a time frame for that? This could mean anything if someone throws out a number without saying what time frame they are talking about. Long term I think it will be a lot, but I realize when I say long term that even this time frame is hard to estimate. I guess so far I have been wrong more often than not, but $30 is rather 10 years away than 3 years away would be my guess. $30 trillion is more than double the market cap of gold and while I believe that a lot of institutional investors understand that BTC should be part of their portfolio, we are still talking about a portfolio. It is not like everyone will sell their gold and switch to BTC.

To come up with some numbers here, the global wealth was around $454 trillion in 2022 (https://www.visualcapitalist.com/global-wealth-distribution/). I don't know what the breakdown is in terms of real estate, cash and cash equivalents, etc. I found some info that real estate is about half of global wealth.

But in order for $30 trillion to go into BTC, that means over 6.5% of global wealth would be put into BTC. I doubt that this is going to happen overnight :P I believe that BTC will become a very powerful asset class, but it still means that people have to give up on one class in order to shift their wealth into BTC (they can of course produce more wealth overall and use that). For the sake of diversification, most actors will try to strike a balance they deem reasonable.

I think those who are waiting for ETF approval have already bought Bitcoin and are simply waiting for the moment when after the announcement there will be a pump, perhaps to sell.

In fact, it is very difficult to predict how everything will be, there are many options for the development of events, and I think that it would be stupid to wait for the approval of the ETF and only then buy, I am sure that the whales understand this very well. All you need to know is that they will once again try to trick you, so be careful.

Reports from multiple sources have it that it's going to be between 8th - 15th January 2024, which is just few weeks from now. However, If I should speculate, I'd say first quarter of next year because the hype is way too much. Just yesterday, SEC entered a meeting with BlackRock and Nasdaq to discuss spot Bitcoin ETF.  Same yesterday, Bitwise and Hashdex released their spot Bitcoin ETF marketing ads, so I think it's happening very soon.

I am being late on this discussion, but as far as I understand the windows for the SEC to approve is technically open from 5th of January until 10th of January. So, given the calendar I would say it can happen between the 8th and the 10th of January.

You have a point on this. It will be absurd to wait for an approval before purchasing your Bitcoin, because then you won't be able to maximize enough profits, what with you buying when price was high and all that. For me, Bitcoin is a volatile coin, and although there are factors that can cause it's price to shoot up, it's not really safe to depend on ETF approval alone because that way it would seem as if without an approval, we won't see an upward surge.

You're not. The topic was created a day ago, so it's still fresh ;)
Wasn't Grayscale's deadline on the 1st of January?
I really don't care when they'll agree to it because the trust is not going to open on that day, so whether we get to see it run in February, March or April, it's all fine as long as it gets approved. I'm not even going to use the ETF, but I'd like it to get approved so all the naysayers and critics get a slap on the cheek. I hope you guys aren't too excited thinking when the SEC approves it bitcoin goes up +50% in an instant and you'll make a trade of your life. Buying bitcoin was the trade of your life!

It's gonna blow and explode on January. Let's all wait for the next month because it seems that we're having some positive movement by this time. There is no doubt why everyone is just waiting for it. We're getting some good news right now with these and giving us the idea on what shall happen. But even with that, I don't want to buy with this emotion that I am feeling because it's still possible that a surprising no and rejection might come. Just weigh things.  :)

Over this year, Bitcoin has shown excellent growth, largely due to the news about the approval of the ETF, everything happened only on expectations, I did not see any positive things other than that. Therefore, it is logical for me that such a mood in the market will be supported only by those who already own Bitcoin, those who will benefit from this growth. Do not believe that Back Rock and other players will buy Bitcoin only after the spot ETF is approved.

There is not much time left in the ETF approval and it may happen within a week or two, as the deadline for a decision of the approval or disapproval is in January of 2024.

This will be a big event for Bitcoin and the price will soar high but I do not know how long it will sustain because usually, these crypto events are like "Buy the News and Sell the Events". Let's hope Bitcoin ETF is not such type of event but still I think there will be a lot of volatility both on the buy and sell side, once the ETF is approved.

I think the Feds are enjoying their time leaving the whole crypto space in suspense. Frankly, it is percieved that the crypto space has not gone totally bullish because of the unapproved Bitcoin ETF applications and loads of financial institutions are currently waiting for the judgement before they consolidate on their final decisions on investments.

The Bitcoin ETF is going to possibly be postponed to further keep the space grinded and stop investors from pulling out their resources and putting them into the decentralised space.

the institutions are already buying up BTC without having the ETF approval yet. they know BTC doesn't need ETF approval to make its ATH again.

but based on what we have seen this year, i think SEC will not approve ETF yet even on jan 10 because we all are expecting it. they are teasing the investors. they may only approve it when we least expect it. i suspect they will wait til the halving effect is over and may of us haave sold already thinking the bull run is over before they will approve it. must be a bummer when this happens.

Well if all of the Bitcoin ETF are approved at the same time then it will be a massive event for the Bitcoin and cryptocurrencies. However does it mean that the 30 trillion dollar will come into the Bitcoin at instantly ?
I think even if all the ETFs are approved at the same time still the money will flow constantly and not all it once into bitcoin.

what happens is this
when a ETF is active. ETF sponsor with ALOT of coin already locked, will want to sell off their shares to customers so wont want to have agents applying with new baskets of coin. not until the ETF sponsor has sold majority of their shares

ETF sponsors with low custody will allow agents to buy btc and hand in a basket of btc to the custodian and have the share allocations created to then sell shares..

GBTC(grayscale) has over 600,000btc of locked coins meaning they are not in a rush to add more baskets

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grayscales CEO ommited that the SEC is probably not going to do a "all approved" announcement
the ommission is clear.. because if the SEC was going to approve grayscale at same time as say blackrock.. then why is grayscale ceo saying it would be a mistake in doing so..

if the talks were about mutual approval of many, the CEO would not even be arguing a case of why first mover advantage would be bad


if the signs of "all approval" were told to CEO. he would not need to urge or warn
when he then says "SEC should" by saying "should" soo many times he is revealing the sec is implying approving different ETF at different times
its the age old question.. how many 'shoulds' should be said until it imply's they wont

if customers of a business are shouting the business should do something. it implys the business currently has no plans on doing that thing

That's a tough question to answer. The Securities and Exchange Commission (SEC) has been deliberating on the issue of a Bitcoin ETF for some time now, and there is no clear timeline for when a decision will be made. Some experts predict that a Bitcoin ETF could be approved within the next year or two, while others believe that it could take much longer. It's also possible that the SEC could decide not to approve a Bitcoin ETF at all. Ultimately, the decision will come down to a number of factors, including the current state of the cryptocurrency market, the overall regulatory environment, and the specific proposals that are put forth by ETF....

 The main argument for approving a Bitcoin ETF is that it would provide investors with a regulated, accessible way to invest in Bitcoin. This could lead to increased adoption and demand for Bitcoin, which could lead to higher prices. Additionally, a Bitcoin ETF could bring increased transparency and liquidity to the market, which could benefit all participants. On the other hand, the SEC has expressed concerns about the potential for market manipulation and fraud in the Bitcoin market. They are also concerned about the lack of regulatory oversight and the potential for volatility in the price of Bitcoin. So, while a Bitcoin ETF could have many benefits, it's

I don't see any chance for this year's ETF approval most especially that probably SEC officials are into holidays and are busy with their own family's festive activities. But after this year, hopefully by January we will hear from them positive feedbacks about bitcoin ETF, in which I think has higher probability to happen.

Now, if by chance bitcoin ETF will be disapproved, no worries as there will be another ETF that will surely come out soon for approval. Just as easy as that. But I just hope that it will eventually happen next month as it could also help to boost the price of bitcoin if ever.

I think they will approve it next year, but no one can be sure about the exact date. No matter how long it is kept waiting, it will be approved one day. Bitcoin's rise does not depend on the ETF, but I still think it will have an impact.

As the halving approaches, expectations increase. The ETF may also be approved closer to the Halving. This is just a guess, but something needs to happen for the Bitcoin price to rise.

The key point is >>> keep accumulating and expect the ETF would be approved if not in a closed time but sometimes. The fact is that we are going to be taking unaware because this await approval is no even what the bitcoins experts practitioners could rightfully predict about.
Even without a probability considerations, the ETH approval delays would enhance the accumulators more of interests but specifically on those investors whom hodles til the ETF was approved.
Infact, hodl your Bitcoins like your are securing your assets while the ETF strikes at its time.

Hopefully it'll get approved before this next halving, once that happens then so much money will be flooded into the market. I wonder when it will get approved too, it seems like they just keep kicking the can down the road as long as they can on these things. crypto related financial / gov policy is often reluctant to change because of FUD and association w/ criminal activity / money laundering.

Do you think approval will come within six days? I think this isn't possible because in line with our experience of following ETF news and applications for a long time we have learned that this process takes time and there is no quick response. For this reason, I don't think that there will be a finalization of the application within the next six days. Moreover, since the majority of these six days coincide with the public holiday period, the evaluation will still remain pending.

My personal opinion is that the process will continue for a few more weeks and a decision will come very close to the halving period or a little later. Positive news coming close to or after the halving process will definitely cause the markets to be very lively and the Bitcoin price will be positively affected by this. Of course, it shouldn't be forgotten that we shouldn't immediately think optimistically and that a possible negative response may come and the market may remain volatile with both the halving and negative news.

I reckon there won't be any approval for a Bitcoin ETF this year, specifically not by the end of December. I believe it's more likely to happen someday in January 2024, as that's the final deadline for the U.S. Securities and Exchange Commission (SEC) to approve Bitcoin ETF proposals for immediate trading. This could be a significant boost for the cryptocurrency market overall and Bitcoin in particular at the beginning of 2024. The likelihood of the SEC continuing to postpone and not approving at this point is quite low, which might lead to legal issues between the SEC and major entities like BlackRock, Grayscale, or Ark Invest.

This year? Maybe you are not following the news, everyone knows this already and it has been finalized that if it would not be approved in November this year at the height of the tension, it would be shifted to January next year which everyone has focused upon ever since then. The actual date of the approval or the confirmation for it should be on the 10th of January, and this is another fateful day that will again shape and determine where crypto assets will be heading. As for the approval itself, I can't say much about it because it is either SEC approves it or rejects it. But the fact that the court has sided in the favour of ETF ruling, the SEC might not have much reason to reject it. Come to think of it, if you have been following the case from the beginning, you might have known that the SEC doesn't have a valid reason for rejecting the ETF, they were only "beating around the bush," only for the reason best known to them, perhaps, the top guys there are anti-crypto. In my opinion, it is best to strictly regulate cryptocurrency and its related products than to outrightly reject it for any reason.