bitcoin ETFs

[SyndicateLabs]

An ETF will provide many tax benefits and savings for accumulating bitcoin in the long run. You need to consider carefully before deciding to invest in an ETF.
You should thoroughly research the operation and management of the fund, and check the fund's portfolio and periodic expenses to ensure the transparency and safety of your investments. Large fund management companies such as Vanguard and BlackRock have a good reputation and long history in fund management, however, you still need to research and compare to choose the fund that best suits your needs and investment goals.
As a result, bitcoin's dominance in the cryptocurrency market and its stability over the long term should help mitigate these short-term fluctuations. The accumulation race should not significantly affect the stability of bitcoin, if managed properly.

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[darkangel11]

The race to accumulate bitcoin is already the name of the game ever since, specially from early adopters. It's not the question of how we accumulate, it's the question on when we accumulate and when we are going to sell to make profits.

I hope one day you'll realize that you have profit holding bitcoin. You don't have to get rid of it to be able to say that you have profit.
Really, I don't get why so many people treat bitcoin like stocks.
When you own stocks you can't exchange it into goods or services just like that. You can't press a button and have a new computer or a plane ticket booked in 10 minutes. You can do it with bitcoin though, so it's not your average security that you need to call your broker to sell for you, or send money to an exchange and wait for them to approve your withdrawal, so a day or two later you can use your fiat bank account to finally spend it. You can spend bitcoin directly, which means your profit is there when it's there.

[tranthidung]

With renewed interest in bitcoin ETFs,

I doubt you can find a month in the last 5 years when there weren't at least 10 articles about an ETF.

This is exactly what happen in a previous bear market. Back in those years like 2018 to 2019, Bitcoin ETFs were rejected many times and news about Bitcoin ETFs were used to dump the market.

Bitwise ETF is only one of failed ETFs in a previous bear market. We have a bigger Bitcoin market after 2020 - 2021 bull run but again Bitcoin ETFs are back with psychological effects on weak hands.

A little bit farther into the past, in 2017, SEC denied the Winklevoss twins’ Bitcoin ETF

Bitcoin ETF is not a magic stick to help Bitcoin rising towards $1M or a nuclear bomb to kill Bitcoin market. If people understand this fact, they will be less panic and FOMO.

[woez]

Bitcoin ETF is not a magic stick to help Bitcoin rising towards $1M or a nuclear bomb to kill Bitcoin market. If people understand this fact, they will be less panic and FOMO.

Yes. I think a rational approach to investing and Bitcoin ETFs and their existence does not guarantee a price outcome and it is possible that the SEC will review the clarity and details regarding the sharing of custody agreements in applications filed by asset managers, including BlackRock and Fidelity.

[ImThour]

I don't think there is any demand from institutions right now, I don't see it on price chart as of now, maybe in the upcoming weeks? sure.
These implementations take some time to reflect on the price of Bitcoin. ETFs are just a legal way for these big institutions to stock up Bitcoin. Nothing changes for a regular user, it's for boomers.
And If you ask me, boomers don't love to invest in Bitcoin. They hate it lmao. So, let's be real.

[tabas]

If there is a renewed interest in Bitcoin ETFs and an influx of institutional and retail investors into the cryptocurrency market, it is likely that there will be an increased demand for Bitcoin. This increased demand could potentially lead to a race among investors to accumulate Bitcoin, as they seek to benefit from its potential price appreciation.

And that's what we're seeing, the influx of money coming in from different sources just because of the filing of Bitcoin ETFs has came to the market. But to mind everyone, this is not yet what we're expecting and there's more to it. So, it's just going to be a matter of time until it's approved. And the bigger influx of money will come if any of many of those ETFs filed will be granted and approved because in the past, there have been a bunch of it but AFAIK, none of them got any approval.

[Outhue]

Don't believe in what the media is feeding you, it's possible that the ETF will be rejected or probably another style of manipulating the market, either ways I am thankful that they are doing this because they are keeping the price down and if you are smart to should have taken the advantage already.

There is no need for worries because these people understand the market and they can manipulate it, so if they plan to approve the ETF they will when they feel it's the right time, but it's good that bitcoin doesn't care about the approval or the disapproval, Bitcoin will still do well without it.

[Kemarit]

Don't believe in what the media is feeding you, it's possible that the ETF will be rejected or probably another style of manipulating the market, either ways I am thankful that they are doing this because they are keeping the price down and if you are smart to should have taken the advantage already.

There is no need for worries because these people understand the market and they can manipulate it, so if they plan to approve the ETF they will when they feel it's the right time, but it's good that bitcoin doesn't care about the approval or the disapproval, Bitcoin will still do well without it.

As reported here, SEC Says Spot Bitcoin ETF Filings Are Inadequate.

So most likely it will be rejected or those who filed will need to do a better job so the chances of a approval will be high.

But perhaps maybe we can consider this as very positive sign, at least SEC is giving feedback instead of just blatantly rejecting it without further explanation.