Bitcoin ETF Approval - What Are Your Thoughts?

[bullishreport]

Hi everyone, I'm new to this forum. Enjoying the content so far!

What do you guys think of the BTC Bitcoin ETF Approval by the SEC?

Are there any potential downsides you feel like sharing?

Thanks!

[OgNasty]

We have just witnessed the birth of a new asset class. Something that we never again see in our lifetime. It is a big moment for Bitcoin and one that will be noted in the history books. Good cause to be happy.

[bullishreport]

1000% Agree! Lets go! BTC

[legiteum]

This cements Bitcoin's place as a pure meme investment connected to absolutely nothing tangible. It's awesome!

This is a classic case of a technology that was invented to solve one problem, but solved a completely different one even though it was a failure at what it set out to do originally. You can't get any further from Bitcoin's original vision than an ETF traded through a highly regulated stock broker with strong KYC rules and tax forms built right in .

[Essential10]

Great, the EFT has been approved and is now ready to process. With the approval of Bitcoin ETFs, investors will now have a new way to invest in cryptocurrencies through regulated and traditional investment channels. This could potentially bring a new wave of institutional and retail investors into the cryptocurrency space, further legitimizing and stabilizing the market. The immediate availability of trading for Bitcoin ETFs is expected to create an impact on the market, potentially increasing trading volume and price movements for Bitcoin and other related cryptocurrencies.

[Jegileman]

Hi everyone, I'm new to this forum. Enjoying the content so far!

What do you guys think of the BTC Bitcoin ETF Approval by the SEC?

Are there any potential downsides you feel like sharing?

Thanks!

It is a good development as it’s a win-win game for both short term and long term investors as well as professional traders. We are about to witness a new dawn in bitcoin and we are all awaiting to see the greatest surprise of how bitcoin will turn into in some time from now. Conclusively, bitcoin ETF approval will trigger the market and we will see more move in bitcoin which will increase its trading volume as more investors will be pumping money into it. It was just approved yesterday, and we have already witnessed a good increase in price already, let’s await to see how the market moves for some days more.