Chances of Bitcoin ETF approval gone up

[HideYourKeys]

There are many folks excited about the ETF news and so on... But I am not so sure that it will be good in the long run, we will see about it

[gunhell16]

We already know that the spot Bitcoin ETF allows investors to watch the price of Bitcoin without having to purchase it. The issue now is, "Why?" That is, to raise Bitcoin's rising demand.

The SEC has previously approved Bitcoin ETF applications. Looking at them again, the SEC appears to be hesitant to approve them. It's simply that in certain cases, it appears that the situation is different, which may be due to the SEC, as if they have already authorized some of the applications that have the potential to be approved.

When this occurs, the cryptocurrency will benefit greatly. It would also indicate that Bitcoin is becoming more mainstream and embraced by the financial sector. Apart from increased demand, I believe that liquidity and institutional investment will rise as well.

[n00ber]

The ETF will definitely be passed, it's almost inevitable but as many have said, it won't happen this year and we have to wait until at least Q1 2024. I also believe that the best time for the SEC to approve an ETF is the bitcoin halving. I don't believe they don't manipulate the market to make a profit because no one hates a lot of money. Don't think too much about ETFs this year, focusing on accumulating bitcoin will be better.

[Essential10]

It sounds like you're considering the potential impact of news, particularly related to ETFs, on the cryptocurrency market. News events can indeed have a significant impact, causing price fluctuations. Keeping an eye on regulatory decisions, such as the SEC's stance on ETF approval, is crucial in such dynamic markets. It's a prudent approach to evaluate your positions based on your risk tolerance and market conditions. If the ETF is approved, it might lead to a bullish trend, while a rejection could result in a market downturn. Monitoring developments and adjusting your strategy accordingly seems like a thoughtful decision.

[adaseb]

I don’t know what games the SEC is playing here. They keep making these amendments and the filers all make the adjusted changes, then a few weeks later they require more changes.

So I would be very surprised if they rejected it after all this. Seems they want to work together and get it going. However knowing how all these etfs went in the past, we were all convinced that it should be approved and they were all denied.’

[Majestic-milf]

 For me, Cathie Woods is just saying that keep her hopes up because for sometime now, all we have heard is an approval is in the works and I'm a bit sceptic over if the SEC will hasten the process. With so many investors awaiting the approval of these ETFs it's safe to say that if it gets approved, prices will not only shoot up, but it will help for increased adoption but I'm beginning to believe that we might see another delay since Gary Gensler is suggesting that these ETFs do a cash creates instead of crypto simply because broker dealers can't deal in Bitcoin. I mean, wtf! Is this some kind of compromise or condition these institutions need to agree to before their spot ETFs are approved?

[Minecache]

I don’t know what games the SEC is playing here. They keep making these amendments and the filers all make the adjusted changes, then a few weeks later they require more changes.

So I would be very surprised if they rejected it after all this. Seems they want to work together and get it going. However knowing how all these etfs went in the past, we were all convinced that it should be approved and they were all denied.’

ETF will definitely be approved but it will not be easy, they will demand and demand many more amendments until the right time comes to announce approval. Have you ever thought that the SEC is also collaborating with whales to manipulate the market? Like some discussions I participate in on other social networks, many predictions also suggest that no ETF will be approved this year. They will find ways to prolong and delay until the halving because that is also when bitcoin's 4-year cycle repeats. Many thought it would be the perfect time to announce the approval of ETFs and would trigger a super bullish cycle.

[Publictalk792]

Thanks for sharing this information about the pending applications for a spot bitcoin ETF. It is interesting to hear that the SEC is expected to make a decision as early as November 17. This is an important date because it is the first time they can make a decision since Grayscale court victory. The SEC has a limited time to decide on all 12 applications and this time period ends on November 17. It will be interesting to see how the SEC handles these applications and what impact it on the cryptocurrency market.
There are all Bitcoin ETF application approval final deadline is in the month of April 2024. And there will be halving too. Here is the detail and the final deadline dates. There is third deadline is in January 2024. So Seyffart can be correct in his confess that SEC can approve ETF applications in January.

[electronicash]

they want cooperation with exchanges coz they wanna know whos selling and buying but it will impossible to do since there are tons of exchange that is not under their jurisdiction. the more they demand this, the more ETFs less approved.

viewing the whole situation, its not just SEC whos blocking this. while investors are eager to make profit thru ETFs approval, retail investors are wrecked because prices are dumping.

[Bushdark]

The ETF will definitely be passed, it's almost inevitable but as many have said, it won't happen this year and we have to wait until at least Q1 2024. I also believe that the best time for the SEC to approve an ETF is the bitcoin halving. I don't believe they don't manipulate the market to make a profit because no one hates a lot of money. Don't think too much about ETFs this year, focusing on accumulating bitcoin will be better.

No matter how long they keep proposing when to pass the bill, I believe they would have no option than to subscribe to what we want and how we want it. The sec had really acted in a way that make things hard for the Crypto market but I believe soon, Bitcoin ETF would be available which is going to trigger the crypto price to a level that many people would be surprised how come and how it happened. We all want to make profits from the market that is why we need to accumulate enough Bitcoin now for the bull market loading.