Will another ETF be immediately bullish for Bitcoin?

[mv1986]

Whenever an ETF is approved, whether it is sometime next year or a few years from now, it'll definitely cause a large spike in price. After the spike could be some people will try to sell the spike to crash it back down some, but the overall price effect will be very positive.

And that's just of course the news of an announcement. Once the ETF(s) start operating and billions of dollars start buying up Bitcoin that'll of course also cause a large price spike.

If we do have that success ETH or approval on January 2024 then it would be a huge spike.

‘Mark Your Calendars’—Date Revealed As Huge $17 Trillion Bitcoin ETF Countdown Suddenly Begins, Heralding Ethereum, XRP And Crypto Price Chaos
Source

ETF is good yet institutional would really be that flowing into this market but i dont really like when we do speak about its cons.
Anonymity would really be that somewhat will be an issue. Am i right?

I think one of the important criteria will be how those ETFs are structured and what the reserve requirements will look like. I haven't looked into any of the specifics of those big ETAs that are scheduled or due to be decided, but if anyone can provide some insight as to what that means in concrete terms, I would appreciate that. If an ETF has a certain volume, what will the Bitcoin reserves be that the ETF provider/operator has to have at any given point in time? This could also shed some light on interesting numbers in the future when financial institutions and other corporations have to be transparent about that.

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[Rasa nanas]

In my opinion, the mass introduction of ETFs will start in March-April 2024, by the time bitcoin halves, which will start a new bull run. A bull run doesn't start out of nowhere - you need some kind of infopod. And this information occasion is always prepared in advance

So you mean the next halving will occur in March-April 2024? just like most people say that the next halving will occur in 2024 and I also believe it. but in my opinion March-April is still too fast, maybe it takes a little longer between October-November. apart from that problem I believe the introduction of an ETF will have a very good impact on the price of bitcoin.

[tygeade]

Whenever an ETF is approved, whether it is sometime next year or a few years from now, it'll definitely cause a large spike in price. After the spike could be some people will try to sell the spike to crash it back down some, but the overall price effect will be very positive.

And that's just of course the news of an announcement. Once the ETF(s) start operating and billions of dollars start buying up Bitcoin that'll of course also cause a large price spike.

IDK if what is the status of it now but we can see last time, that even if it was just a rumor, the price already skyrocket, so how much more by the time it was approved for real right? Not sure how effective ETF for BTC mean, but it seems positive. And helps BTC to be among with other established companies or their assets/stocks. It makes it more popular and many investors will not be afraid on it anymore.

It's not that people are crashing it because they want to buy less, but people naturally sell in order to earn a massive profit. Apart from BTC, there are also rumors that ETH will be approved too as an ETF. Each are different but both of them were still a crypto, so BTC and other coins can still benefit with it.

[khiholangkang]

Just remember that when there was a fake news published by coin telegraph about the acceptance of blackrock bitcoin ETF, the market was triggered and experienced a significant price spike, this shows that today's bitcoin ETF has a different sentiment, because the asset management company that launched the bitcoin ETF is a large company and has the largest managed assets in the world, of course it will increase the narrative and different sentiment, than the previous one.

If it does happen, the mainstream media of the financial world will report on bitcoin ETFs, mechanically it will provide a broad introduction in the traditional investment world and I think it will trigger a fairly significant adoption of bitcoin, but I think this is not easy, because the SEC continues to delay and delay about this, and maybe we will be made bored.

[electronicash]

if all those who buy ETF understand withdrawing their BTC out coinbase, the circulating supply would decrease. price usually goes up when the demand is larger than the supply.

it must be different in the Asian market, we don't haave this ETF yet so anyone from the East is selling BTC, I guess it's going to be dumped to those who are buying from the West. Blackrock and friends i think will still be buying, however.

[bbc.reporter]

If after the approval of the ETF bitcoin will not immediately pump, I speculate what might pump bitcoin higher are the ads that will give more attention to bitcoin hehehe.

Google has updated their policy to allow ads for bitcoin ETFs. This will certainly cause google searches for bitcoin to pump which has always been correlated to the price.



Google’s crypto policy update is due to be enacted in the same month many anticipate the approval of spot bitcoin exchange-traded funds in the U.S. While the policy is expanding to include “Cryptocurrency Coin Trusts,” Google said cryptocurrency ETFs and ETNs can already advertise on its platform in the U.S., provided they comply with local legal requirements.

The next deadlines for the Security and Exchange Commission’s decision to approve, reject or delay applications from firms including BlackRock, Bitwise, WisdomTree, Invesco, Fidelity, Valkyrie and VanEck are expected to fall in mid-January.

Source https://www.theblock.co/post/267006/google-crypto-ads-spot-bitcoin-etf

[YUriy1991]

if all those who buy ETF understand withdrawing their BTC out coinbase, the circulating supply would decrease. price usually goes up when the demand is larger than the supply.

it must be different in the Asian market, we don't haave this ETF yet so anyone from the East is selling BTC, I guess it's going to be dumped to those who are buying from the West. Blackrock and friends i think will still be buying, however.

This may happen if Asian markets adopt ETFs where upward pressure on prices occurs due to increased demand, but talking about the potential reversal of Asian Markets, I don't think anyone is monitoring the valuations, thus making them very volatile.

Market conditions can also be very responsive to changes in demand and supply, significant selling actions can trigger price declines even though large institutions such as Blackrock continue to buy and the chicken and egg question arises in our minds, which comes first?

[mich]

Yes I do think another ETF is going to be 'bullish' for Bitcoin right away. And now the world's largest crypto index fund manager has released a new commercial about spot Bitcoin ETF.

Do you guys remember 'the most interesting man in the world'? Well now we have 'the Most Interesting Bitcoin Video in the World'.

https://www.youtube.com/watch?v=KTDyYxynpMU

[Alpha Marine]

Yes I do think another ETF is going to be 'bullish' for Bitcoin right away. And now the world's largest crypto index fund manager has released a new commercial about spot Bitcoin ETF.

I am tempted to agree that a correction will happen. I have no technical analysis to back this up, it's just a non-professional opinion. In other words, it's just a theory.
If/when ETF is approved, Bitcoin price will rise, but I believe it would just be a short-term impact at first. This will be because there will be so much demand for Bitcoin forcing the price to rise, but after a while, there may be a huge amount of sales causing the price to drop.
The price will go up again because of course after a lot of people have started buying the dip.

This theory depends on when it would be approved, and the time between the approval and Bitcoin halving.
Not many investors would want to sell their Bitcoin when they know a halving is close.