Predictions if Bitcoin ETFs are approved

[BitMaxz]

We never know until things already happened, but in terms of price surely it will spike up after the approval, most expectators will begin to buy in when things shown positive, effects as investors will be more widely even new big whales will start playing buy and hold, those people who will accumulate and allow the price to pumped up are just waiting for the right timing after this decision.

Since there are many ETF's coming and another coming rejection the price will pump and dump and this crisis will not be going to stop until the ETF approves it. According to the SEC they need further improvements before SEC approves it. So, there's a chance for ETF to be approved in the future.

That is why there are big investors playing the market and keep investing every time the price drop and they don't let the price drop below $6k there is a strong support at $6k so, ETF will be approved, but we don't know when, if it happens I'm sure the price of bitcoin will burst increase and maybe the price will touch again back to $10k that is why many big investors keep buying before the SEC making decision.

[Deamindit]

An ETF approval will start a new bull rally IMO. I think we can hit a new ATH

Easily. I think when we have a Bitcoin ETF, that the price will go to 50.000 USD.

[livingfree]

It is not their fault! Since they have been hearing about some ETF approval all over the place, they just assumed it would be a saving grace for the market. Whether it is a saving grace or not, I guess time will tell. However, it is always normal for newbies to be enthusiastic about gains and will always want to come up with their own theory of how they expect prices to be at certain point in time.

I'm not blaming them, I saying that they are believing mostly that its the only way for the price increase of bitcoin. I've been there as well and I know what they feel but they have to understand that its not the only thing that we can hope for some heads up in the market. Decision will be coming out next year's Q1 so that's still a long way to go and I won't be shocked if they will delay it again.

[el kaka22]

another discussion would be the market reaction in which case the type of ETF wouldn't matter. the market may see the news as positive or a buy signal and start buying hence push the price up as it works with any other positive news.

Up till now, I still do not know why we still so much give so much attention to the price of bitcoin associated with ETF as the case may be, and I do not even believe any serious conclusion regarding that will be made this year, but absolutely because of the speculative nature of the market, people will always want to assume some possibilities for the market. The market has been doing well without ETF and I do not see any reason it should stop doing well without it in the long run.

I think when we have a Bitcoin ETF, that the price will go to 50.000 USD.

You must be wrong. Why not 100,000 USD or even millions ? I believe before an ETF gets approval, we are going to see prices to breach $30k levels too. I mean SEC may take some time and in between times bitcoin will prove its own capabilities.

[thecodebear]

If/when an ETF is approved I think the hype surrounding that news will result in an immediate maybe $1000 spike and perhaps a corresponding rally for a couple weeks. When the ETF actually goes begins I think it won't really create a huge move but just add continuous upward pressure to the price that will help strengthen the next bull run over the next couple of years.

[joyclicks]

I lost a huge sum being bullish on the first ETF proposal I wont make the same mistake again I am cautiously optimistic for a price spike on a ETF passing

Many hype before about the ETF and I think now its over, what ever the decision is, people are already learn from this thing. Do we really need this thing? or its just another thing to hype this market. I still believe on bitcoin of course, but I don't want to feel the excitement again, so I will just wait for the final decision and I will keep on buying at a dump price of bitcoin.

We had the same hype about CBOE and before you know it, people started realizing it still does not have much impact on the market except that the market fell hugely afterwards.

Speculation is a norm in this market, and we will always get to see people say something they want to believe about the future, but as it is, I would rather just take the ETF approval as just another normal development in the market, and just allow the market to do whatever it wants to do.

[zazarb]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

It is hard to say, how the all market will react after announcement of the verdict , no matter what it will be. The only solution and the right answer to your question would be,  that we we have to be patient, and wait for the verdict so that we can see for themselves how the market will react.

[andrei56]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

If that happened we will probably see a small bubble forming because people are going to be very optimistic about the future of bitcoin if that happened, but that growth is not going to last and then like always we're going to see a crash and we will go back to levels similar to the ones that we have right now, that is why I do not understand why people want ETFs approved because were not going to get a lot of benefits out of it.

[cakravothy]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

Bitcoin-ETF will provoke more speculation and manipulation of its price.

The price of Bitcoin will rise to 15-18K, then the investors will want to fix the profit.

There will be a swing, with a greater price of Bitcoin, if the market capitalization increases.

i think not instant after approve bitcoin price can reach to 15k dollar
but need wait time maybe until end year bitcoin price can reach to 20k dollar, maybe above 20k dollar, if bitcoin approve

[xuan87]

The price will up if etf is accepted because the investors feel more secure and they will put more funds on crypto,but it will be a temporary effect, if the etf being approved it can create a positive growth of crypto which will be good for all of us,but I am quite pessimistic about the etf proposal

[stellgod]

If I were you OP, I would not expect much from ETFs since they won't impact the market that much because:

I'd like to say the same thing as well that don't expect too much with it but understand what really ETF's are. It will determine a small price pump but just like what others said that you have to know the details regarding it. Just like what's with bitcoin futures before, a lot of people doesn't have an idea about and is only thinking about the spikes. I also agree with those that said it will create a short term pump and later on we'll be back on where it used to be. Well, I don't know if SEC is playing with this they keep on delaying it.

Yeah it could very well be a simple kick to excite newbies if it does get approved but nothing like what they're expecting. It won't have a lasting significant effect that's for sure, considering that many crypto supporters aren't really in favor as well of etf.

Because of most of the newbies are only thinking that if ever ETF's would be approved there will be a rise in price.

They don't care about the other things or they don't even know what does that ETF really means. That's creating a domino effect for others so they are in favor of the ETF and only thinks that its the only hope that we've got to be able to make the price goes up again.

We will always have those people who are so fond of looking for every means to give themselves hope, which is a good thing, but sometimes, just focusing on one thing so much than focusing on things that are so much relevant, will always make people to lose their main focus and goal, while trying to see the outcome of something.

Bitcoin ETF may be a good thing or not, but I believe this is something that only time will tell but for what it is worth, the approval should over time usher us into some mainstream level of adoption anyway.

[raven7886]

It will be too late for any of you, none of us will ever know what the price will do if it gets accepted because the price will be affected way before the acceptance and we will know even before the results comes to us.

When we read the news that it is accepted the price would have probably already skyrocketed. People with insider info will buy as much as they can afford and let other friends know afterwards, they will buy and let others know, with that going about when it reaches to us it will be way too late to do anything about it. Do no expect a sudden change whenever it is accepted because you will not profit from it, whales will.

[ERossin]

The price will be able to rise up higher but it will not be like last year However The ETF accepted will increase all investors' and users' failth and this fact will lead to bigger extension of bitcoin . After that bitcoin is possibly considered as future assets .

[adaseb]

I think it will be no different than what happened with the Bitcoin futures last year. It will be buy the rumor and sell the news.

Basically it created alot of hype. People were thinking that people with their 401K pensions would be buying into the BTC futures and it would make the value sky-rocket and instead the opposite happened.

Even if you look at the volume and open interest for the CBOE and CME futures, its still very low. Compared that to the Gold markets which is huge.

An ETF is no different. People right now can buy BTC anyways if they really want to. Most will be scared to invest in BTC due to the huge volatility that it has experienced this past 9 months.

[el kaka22]

The price will be able to rise up higher but it will not be like last year However The ETF accepted will increase all investors' and users' failth and this fact will lead to bigger extension of bitcoin . After that bitcoin is possibly considered as future assets .

Do not be so sure yet, so many people said the same thing when the CME and CBOE futures contract was going to be launched and I saw a lot of people even calling $1m.

ETF or no ETF, the market has been growing and nothing will change the fact that even without it, the market would still not continue with its steady growth over the years as well as development, so I really do not see much effect even if there is any at all when it comes to ETF being approved.

We should focus more on seeing real life usage, than just assuming that ETF approval will just save the day for people who are looking to acquire wealth in the short term. Institutions are not dumb, they will get the weak hands out of the way to gain a better position in the long run.

[timerland]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

At first there will definitely be hype.

People in the short term will buy up this news due to FOMO, in my opinion. However, in the long run, it's safe to say that there will essentially be no longlasting effects that an approved ETF would bring. Perhaps, it could lead to more market manipulation, even.

And that's only given that the unapproved, upon review ETFs are going to get approved. At this stage, it's very unlikely even though deadlines have been postponed that there is a serious possibility that previous precedents would be reversed.

[Altcoins enthusiast]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

A day is coming when this ETF will be approved and by then we would see how bitcoin is going to react to it.  However,  I am thinking ethereum will be the most beneficial as many ETF tokens will be louch on it.  Bitcoin will actually go bullish and it might get another moon because of the new investors coming into the market.

[adaseb]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

A day is coming when this ETF will be approved and by then we would see how bitcoin is going to react to it.  However,  I am thinking ethereum will be the most beneficial as many ETF tokens will be louch on it.  Bitcoin will actually go bullish and it might get another moon because of the new investors coming into the market.

For ETH to get an ETF of its own Bitcoin first needs one. It won't be the other way around.

However I don't see an ETF for ETH anytime in the near future due to the problem that it still might be considerered a security.

Another issue with ETH is the tokens that it supports where a large portion of them ended up being pure scams. This won't go well with the SEC.

At first a BTC ETF for a few years to test stability and volume and active interest and then maybe an ETH ETF might be in the works.

[beerlover]

It will be too late for any of you, none of us will ever know what the price will do if it gets accepted because the price will be affected way before the acceptance and we will know even before the results comes to us.

When we read the news that it is accepted the price would have probably already skyrocketed. People with insider info will buy as much as they can afford and let other friends know afterwards, they will buy and let others know, with that going about when it reaches to us it will be way too late to do anything about it. Do no expect a sudden change whenever it is accepted because you will not profit from it, whales will.

At the end of the day, it would just be another FOMO period and the same rinse and repeat cycle kicking in again.
People tend to think that the approval of bitcoin ETF will all of a sudden just bring about a huge change in the price of bitcoin and massive adoption, but all these things take time.

I would not see anything different from now when compared to when everyone was calling moon because of the futures contract. With ETF approval, I do not see anything happening that would not have happened anyway without it.

Yeah, we will get to see some whales try to instigate price movement because of the news, knowing a lot of FOMO will kick in again, and may be afterwards is when we will get to even see the capitulation phase, when the market gets driven down hard the more.

[BlackSociety]

If the bitcoin ETF can be approved, the price of bitcoin will definitely increase, I think it can at least increase by 40%!