Bitcoin ETF in the US - happening?

[CSquared Collective]

Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?

Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).

Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.

[arwin100]

If this one gonna happen it will happen but since there's no confirmation has given to support this claims then we shouldn't believe it since sometimes jerks using this issues just to spread fud on the market so better not to look at it for now so that you will not get hype on what they are spreading.

[TheUltraElite]

Could you share the source of where you got this news?

Keeping a watch on previous events, the craze for Bitcoin ETFs occured after the forking of bitcoin into Bitcoin Cash and Bitcoin Core. The entire bitcoin discussion board was full of speculation threads on who is going to do that. But in the end none of it happened and ended up being a crackpot idea.

Although what is more important is that institutions began to take interest in crypto and that probably help in an organic price rise over the next two to three years till today.

Dont forget that SEC still does not consider bitcoin as a security but also does not persecute someone for owning crypto. The best thing to do is to just buy bitcoin at lower prices instead of being all the secondaries - by secondaries I mean index funds, ETFs, mining hardware and so on, if you get my point.

[CSquared Collective]

Could you share the source of where you got this news?

Although what is more important is that institutions began to take interest in crypto and that probably help in an organic price rise over the next two to three years till today.

Dont forget that SEC still does not consider bitcoin as a security but also does not persecute someone for owning crypto. The best thing to do is to just buy bitcoin at lower prices instead of being all the secondaries - by secondaries I mean index funds, ETFs, mining hardware and so on, if you get my point.

Totally agree that all the institutional development and adoption is probably more important than an ETF. I do hope the SEC evolves quickly when dealing with crypto. Regulations are fine (and could even be good) to provide a framework for innovation. Just don't put up unreasonable obstacles that will stifle innovation in the US and lag behind vs. the rest of the world.

I read that years ago people thought Gensler was going to be easy on the banks because he was ex-Goldman, but when he became the head of the CFTC, he really went after folks and regulated.

[icopress]

Could you share the source of where you got this news? [...]

Well, this is not news ... or rather news that has no semantic meaning. I stopped tracking news around ETFs a long time ago, as almost every fund or other similar type of organization constantly makes empty statements on this basis. Yes, outside of the US, several funds seem to have received approval, but their activities without the approval of the US Securities Commission seem to me to be a dummy. + I am sure that neither this nor next year will any fund in the United States receive approval, since this whole politicized machine has long been rotten, without saying that at least one approval will create a precedent for mass appeals.

[TheUltraElite]

Well, this is not news ... or rather news that has no semantic meaning.

OP seems to be new to this, thats why I asked. None of the well known crypto niche news sites seemed to cover any such recent news. Probably OP found a article somewhere about it.

I stopped tracking news around ETFs a long time ago, as almost every fund or other similar type of organization constantly makes empty statements on this basis.

Mostly they were "thinking about" "might start" sort of thing. Not any concrete approval that a certain ETF has been launched and is being publicly traded on such and such exchanges.

Yes, outside of the US, several funds seem to have received approval, but their activities without the approval of the US Securities Commission seem to me to be a dummy.

The usage of bitcoin as per country data shows North America among the top. No ETFund being set up there is a bad thing.

+ I am sure that neither this nor next year will any fund in the United States receive approval, since this whole politicized machine has long been rotten, without saying that at least one approval will create a precedent for mass appeals.

The craze for the ETF did die down very quickly and I remember at that time every place on the internet was talking about ETF as if right now the ETF would be done and market was rising as well. But then it died out and after a long time I see someone talking about it on this forum again.

[Taskford]

The craze for the ETF did die down very quickly and I remember at that time every place on the internet was talking about ETF as if right now the ETF would be done and market was rising as well. But then it died out and after a long time I see someone talking about it on this forum again.

Its been so Iong I didn't hear any discussion about ETF since everytime some people attempt to push it they fail and dump follows after that, so maybe many people are done looking at it since everytime they hope about it they always fail. Maybe its time to forget about this since provably we cannot see this happening for now maybe there are group of people in government block this for some certain reasons.