Bitcoin ETF by 2nd quarter of 2021?

[bbc.reporter]

I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.

I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.



The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.

Read in full https://www.sec.gov/news/press-release/2020-184

[cryptomaniac_xxx]

You should put a least a poll and see how members think of ETF by 2021. If I'm not mistaken, it's been a hotly debated topics in the community way back and people are still divided but members are in at the majority of would like to see the Winklevoss ETF being approved.

Remember back that it is anticipated in March 2017, pushing the price to four digits. However, their ETF has been rejected many times already. So let's see if those commissioners will give it a go.

[gentlemand]

Even though there ETFs based on much, much shakier things than BTC I don't see it happening any time soon. Those shaky things happen on markets under the SEC's full control. The Bitcoin market never will be. Dunno how they'll ever square that circle.

The Jay geezer going is helpful to it, but one or two commissioners agitating for it will still be outvoted by others. Even if those who outvoted them like the vague idea of it, they like the idea of not rocking the boat more.

[royalfestus]

Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.

[btc_angela]

Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.

I think that hype has died down already. I mean people grew tired of waiting from it, and then we enter the bearish trend and we totally forget about it. And then we are now in a bull run and there is a renewed interest again.

However, the argument that we don't need it seems to hold though. We have went for like 2 years of bear trend and without any news of this ETF and we survived. Now that we are in a bullish trend, we do actually need it? And that is the big question.

[buwaytress]

Q2 2021? Maybe. By that time the new government (or current one) would also have been properly sworn in, and even if it's still Trump, his administration wasn't exactly fighting to throw out these ETFs.

At least we'll have something to look forward to once Defi hype dies down heh heh.

[LFC_Bitcoin]

Bitcoin doesn’t need an ETF to succeed further & to be honest I’ve given up hope of one being approved any time soon. Governments are afraid of bitcoin so they’re not going to do anything that’ll help it gain further adoption & credibility. I got my hopes up a lot over the years about various ETF applications & every single one has been put in the bin.

[samcrypto]

Q2 2021? Maybe. By that time the new government (or current one) would also have been properly sworn in, and even if it's still Trump, his administration wasn't exactly fighting to throw out these ETFs.

At least we'll have something to look forward to once Defi hype dies down heh heh.

Many are waiting for this but because of many rejections, the hype dies so this news can give another chance to those who support ETF.

The hype on DeFi will die soon, and the cycle will continues so at least we have something to look for next year since we are close to end the year 2020 with a lot of challenges. Let’s see if SEC’s will favor on ETF this time or this is just another hype to pump bitcoin, we’ll find out.

[Juggy777]

I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.

I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.



The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.

Read in full https://www.sec.gov/news/press-release/2020-184

Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.

I think that hype has died down already. I mean people grew tired of waiting from it, and then we enter the bearish trend and we totally forget about it. And then we are now in a bull run and there is a renewed interest again.

However, the argument that we don't need it seems to hold though. We have went for like 2 years of bear trend and without any news of this ETF and we survived. Now that we are in a bullish trend, we do actually need it? And that is the big question.

@bbc.reporter I had completely forgotten about this product, and honestly I’m not even excited for it unless SEC makes an announcement stating that they’re officially approving it. Also let’s say that it does come out in 2021 will people actually care for it, because I’m pretty sure that like me they too would have grown tired of this drama and may have lost their desire to invest in it.

[davinchi]

By April of 2021? I was expecting bitcoin ETF by 2018/2019 to stir up market but we are already into bullish mode hence I assume we are slightly to have first bitcoin ETF wrongly timed. Because, I expect bitcoin to be trading around $40,000 levels by April of 2021. This way I will welcome if first ETF will be happening by any time of 2022. Because, the bullish trend of four year cycle of bitcoin will come to end by December 2021 and then we must need another positive news to hold the investors.

Anyway, bitcoin got its own potential to stand on its own legs. These positive things may boost the adoption at some significant levels and we cannot expect anything more than that. So, we need to be prepared to enjoy all bullish things if ETF will be approved at any time .

[gentlemand]

Also let’s say that it does come out in 2021 will people actually care for it, because I’m pretty sure that like me they too would have grown tired of this drama and may have lost their desire to invest in it.

It's not for Bitcoin drama brats. It's for everyone else out there in the real world who otherwise wouldn't consider BTC. If it pops up through their usual investment channels they're going to be far more compelled to take a look.

I expect by the time an ETF ever did arrive, and it's going to be many years, there'll be multiple workarounds and better alternatives so it'll turn up with a squeak rather than a clap of thunder.

[thecodebear]

Totally forgot about Bitcoin ETF haha. Too many times getting hyped about it only for the SEC to say nope not happening any time soon.

It'll probably happen eventually, and would certainly be very good for Bitcoin's price, but I'm not waiting for it to be some catalyst for appreciation of BTC price. When it happens that'll be cool, but it could very well be several years from now or longer.

When it does happen, cool, until then no reason to think about it. Between the halving, more institutional investment gradually coming in, based on MicroStrategy possibly the start of companies using Bitcoin as reserves instead of cash to offset higher inflation, DeFi starting to get popular and use wrapped Bitcoins for DeFi, and retail investors coming back as the price rises, we're all set on a bull run without any ETF.

[OgNasty]

It would certainly help create the perfect storm for another bubble in late 2021.

[bbc.reporter]

Bitcoin doesn’t need an ETF to succeed further & to be honest I’ve given up hope of one being approved any time soon. Governments are afraid of bitcoin so they’re not going to do anything that’ll help it gain further adoption & credibility. I got my hopes up a lot over the years about various ETF applications & every single one has been put in the bin.

Agreed! I was only speculating on when the first one might be approved by using crypto mom's appointment as SEC commissioner as basis.

I also disagree that the ETF hype is dead. It will come back again, all of you wait.

@OgNasty. Hehe yes it will. It might help create most of it.

[bitgolden]

Winklewii twins were always rich people, they were never poor and they studied at harvard and come from a family that has been rich for the longest time, even their last name reeks out money for crying out loud.

However, what they have managed to do with the money they got from facebook is incredible, dudes actually managed to get into bitcoin a ton very early on and right now one of the richest crypto people on earth, hell for a while they said they had 1% of all crypto in the world and I know it can't be right now but that is $180k right now, that was around $40k or so back in the day.

Whatever it is they have, they are definitely super rich thanks to it. If they get to do an ETF, they are rich and old money, I am sure they will get theirs accepted before anyone else can.

[enhu]

The consideration in the past years and during the bear market just died and now the talks about ETF have again resurfaced while its now almost in the bull trend. While its will be great to have ETF approved, its best not to expect or just be disappointed over again. If it's going to be reconsidered, I think they will just approve a lot of crypto ETFs at once.

[exstasie]

I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.

I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.

Hester Peirce has already been a commissioner since 2018. Nothing new there. Who is Caroline Crenshaw? Any indication of her position towards crypto? A quick Google search doesn't turn up much in that department.

Also, why give the first ETF to the Winklevoss twins when they could wait and hand it to some legacy Wall Street institution? That's how these things usually go.

[dothebeats]

I don't think we'll see an ETF this year. Most efforts will just be focused on the repairs of Wall Street and other financial institutions severely hit by the pandemic. No matter how good the Winklevoss twins' presentation is, the SEC would still sit on that application even though you already have 2 commissioners which are likely to agree on that positive decision, with 2 others obviously not really buying the crypto game and a newly-sworn person which do not seem to share her views with crypto yet.

The Jay geezer going is helpful to it, but one or two commissioners agitating for it will still be outvoted by others. Even if those who outvoted them like the vague idea of it, they like the idea of not rocking the boat more.

This is true. They don't want to touch it any further unless they see actual reward for it. In this case, there's not much in for the government but only for the people and those who run the ETF. Lots of years in, we still don't have a clear definition on what the SEC really wants to approve a single ETF.

[The Sceptical Chymist]

Do people still talk about ETF with regard to bitcoin?

Apparently, yes.  When I opened this thread, I though it might have been necrobumped by someone from three years ago, but nope--the bitcoin ETF is still a thing.  I'm not sure how much people care about the success or failure of them anymore, but it's been an issue that never got any resolution.  Sure would be nice if it could be put to rest one way or another IMO. 

I wouldn't invest in any crypto-based ETF, but that's just me and I know they'd be popular among a certain class of investors who prefer trading on stock exchanges rather than crypto ones.  So in so far as that's true, I do hope these ETFs come to fruition, much as I was hoping that Bakkt would launch successfully even though I knew I'd never use it. 

It's not for Bitcoin drama brats. It's for everyone else out there in the real world who otherwise wouldn't consider BTC. If it pops up through their usual investment channels they're going to be far more compelled to take a look.

As always, you put my thoughts into words more eloquently than I ever could. 

[exstasie]

I'm not sure how much people care about the success or failure of them anymore, but it's been an issue that never got any resolution.  Sure would be nice if it could be put to rest one way or another IMO.

Unlike 2017-2018, there is no anticipation of imminent approval. That hype train sputtered to a stop a long time ago. If/when an ETF approval does happen, it's a huge, huge deal though.

Retail investors don't really touch pink sheet or futures/options markets. They need openly accessible funds, especially those that can be held in conventional retirement accounts. An ETF will be a game changer in that respect.

I expect it to happen eventually. For now I think the SEC is keeping the market on ice until more volume flows into regulated markets, and probably until some bigger legacy players apply.