Bitcoin ETF Available Eventually

[linzerdshaffen]

Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important.

[bitmover]

I believe it will still take years for bitcoin ETF to be released.
The sector needs more regulations, as quadriga CEO case showed us.

Sec is already looking at ETFs applications and I  believe this is generating a healthy discussion for the whole ecosystem

[solarcrypto]

What are the implications of this? what does that mean for crypto?

[dothebeats]

The approval of a bitcoin ETF would be one thing for sure, though I don't think it would be great of an impact to actually ignite a bull run. Most people have already forgotten their desire to see a bitcoin ETF come into play, knowing that the fad and the hype would just fade after a few weeks/months. Similar to what the futures did to the market, it only generated hype for a short span of time and ends up being forgotten after the bull run was over. Frankly, we don't need an ETF to start the next bull run but rather wider adoption for the masses and services alike.

[timerland]

Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important.

It's possible if a bitcoin ETF were to ever be approved that it becomes the catalyst of a bull run. It will not be the cause of the bull run though, as that is dictated by market cycles still.

Personally, I think that bitcoin ETFs will come as a matter of time. However, I don't think that short term prospects are that good at the moment for any ETFs approvals to be incoming our way, as the previous rejections of various ETF proposals in recent years have suggested.

Also, it's important to note that ETFs will likely not contribute tangibly to the development of the bitcoin network, but rather be somewhat of a point for traders to hype up. At the end of the day, it's going to be a tool for institutional investors to make their money, it's not going to increase the network's capacity or anything like that.

[Dreamchaser21]

Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important.

This is long over due now and some of the investors are now tire for this ETF thing. Do we really need it? I started to doubt now because of the delays or what. I know bitcoin can go higher again without ETF and that’s the most important thing but if ETF will be approved this year, then so be it.

[Eildosa]

At first, the news about bitcoin ETF brought a lot of hype and people were waiting for this event. But over time, it seems to me that everyone has lost interest in him. Its adoption was constantly postponed and people stopped waiting for it. I agree with the opinion above that in order to start bull run we do not need bitcoin ETF.

[BurgerCash]

Not sure where the fascination with ETFs comes from. Institutions trading crypto does not mean institutions being bullish on crypto - just higher volumes. In fact futures can crash the price, too. I'd personally rather focus on adoption.

[cherryganda]

After a long time, ETF will be soon to be approve! but i hope this will continue and there will be no problem again like before.
This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.

[pooya87]

"Experts" are divided on the matter, and the opinion of down to earth guys is important.

you have to be careful who you call "experts"! most of those whom you see online spreading bullshit pretending to be "experts" are either idiots trying to make buck or actual experts that are spreading misinformation to make millions.

as for ETF, i think at some point in the past people disagreed about whether it is going to be approved or not but now they all agree that it is not going to be approved anytime soon as we have all seen how SEC rejects all of them and is not planning on changing their course.
as for the "bull run" since the market is ready i'd say if an ETF was approved it may help start the bull run unlike before when market wasn't ready so its effects could not be anticipated.

[Baofeng]

Well everyone says that an ETF will boost the price again because institutional money will flow to the ecosystem. But we can't really say for certain unless we really get to see an Bitcoin ETF getting approved, maybe it is, but we don't know what timeframe so for now it's just a speculation and the real effect will only be felt if one day we can eventually see a seal of approval, so we need to wait.

[MainIbem]

The buttom line to the approval of Bitcoin ETF is this paragraph in the cited article.

SEC is After The Safety Of Investors

In buttressing his view on the rejection of Bitcoin ETF, Jackson stated that he would not want his parents for example to buy the type of Bitcoin ETF rejected. Also, he stated that he takes seriously putting the American stamp of approval on any investment product. Until the laid down, rules are met the approval will not be seen.

You will agree with me that there is  reason for great concern in investing in the crypto space at this time.

[Kakmakr]

What are the implications of this? what does that mean for crypto?

It has positive and negative implications for Bitcoin. On the positive side it will push up the Bitcoin price, because massive amounts of institutional investment funds might be flowing into Bitcoin. On the negative side, it will attract a lot of trigger happy speculators that would dump large amounts of coins at the slightest hint of trouble. <A lot of fud is spread about Bitcoin, so this will happen regularly>

Wild volatility is not conducive for a good stable payment system. <Currency>   

[joseyphil82]

I don't pray for the approval anytime soon, why? Because if it gets approved now it will only bring short term price surge not bullrun ,there should be a perfect time for such valuable news ,I know SEC worries more about the safety of investors but I believe that till the end of time cryptocurrency will always be a high risk investment and not a get rich quick scheme ,If every investors have this at the back of there minds they will learn to trend slowly,easily and cautiously unless there is a way to eradicate scam projects for good

[Upgate]

Expert would always try to drop there opinion on issues like this knowing it would stir up interest.
But even expert can get it wrong or be a catalyst of FUD.
The bitcoin ETF is something that is well over due and this would be like the breakthrough we have all we waiting for

[suzanne5223]

After a long time, ETF will be soon to be approve! but i hope this will continue and there will be no problem again like before.
This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.

The ETF will does help the market but it wont the only major reason for the market to reach $10,000 because the market has cliched the price range of $20,000 without the help of the ETF. However, the ETF approval will take longer than your presumption because some governments/bankers still dont like the idea of bitcoin.

[deisik]

Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important

I'm more inclined to think that it is an instance of stovepiping

Maybe, this SEC commissioner himself has bitcoins and he decided it might be the right time to pump Bitcoin a little (it may also be any altcoin). Maybe, someone close to him asked this dude to say a positive thing about Bitcoin. As far as I understand it though, it is not considered a good practice when officials make premature statements about things which could strongly affect prices. We may have to wait for a rebuttal coming out soon (like people and mass media having misinterpreted his words and he didn't actually mean anything to that tune)

[BitcoinGirl.Club]

"Experts" are divided on the matter, and the opinion of down to earth guys is important.

you have to be careful who you call "experts"! most of those whom you see online spreading bullshit pretending to be "experts" are either idiots trying to make buck or actual experts that are spreading misinformation to make millions.

You nailed it.

I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.

[gentlemand]

You nailed it.

I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.

The difference with this statement is that it's a real live commissioner.

However 'eventually' could mean a century. I find it very pathetic when Bitcoin fans imagine there's some sort of SEC conspiracy against them. The simple fact is that the markets are shit and crooked filled with crooked shits.

There's zero reason for the SEC to lower their standards. The crypto market needs to become less disgusting and the door looks like it's open when that happens. It's down to us, not Them.

[deisik]

You nailed it.

I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.

The difference with this statement is that it's a real live commissioner

And how does it change things to the better? Other people who are saying about Bitcoin are not real or what? My point is that just the fact that it is a real live commissioner doesn't necessarily make him a good person at all (or the whole SEC board, for that matter). Besides, the SEC is not the only pebble on the beach out there. We also have the CFTC which somehow looks like a bit more loyal toward cryptocurrencies

Are they lowering their standards?