What do you think About the Shifting of Bitcoin ETF Approval

[Z-tight]

If the SEC approves the ETF.So bitcoin will become legal asset.

BTC is not an illegal asset in the U.S., if the sec approves the proposal for the BTC spot etf, it simply means that the company with the proposal can now issue BTC spot etf's to their customers who want to buy the shares because they don't want to hold their keys or use crypto exchanges.

I am not too comfortable with Spot Bitcoin ETF. I know it will attract a lot of investment to the sector but why can't people buy or mine bitcoin to own it?

I am not interested in BTC spot etf's, but a lot of people are, and they have their reasons which we have discussed many times on the forum, those of us who want to own our keys and don't care about etf's shouldn't be worried about people who want to buy through etf's, they may be buying BTC in the wrong way, but it doesn't affect the network in itself.

[teosanru]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath. I've been talking to some folks, and opinions are all over the place. Some are like, "This delay is killing the momentum. We need that ETF to surge the market!" Others are more cautious, saying, "Maybe it's good to take time and get things right. Quality over speed, right?"

And let's not forget the impact of the first US BTC futures-based ETF listing on NYSE back in 2021. That thing kicked off a bull run like nobody's business. People are wondering if history might repeat itself. Could we see another surge if the SEC finally approves this one too? It's like waiting for a sequel to unfold, with fingers crossed.

This a mix of excitement and anxiety. People are speculating about how the price might react. Some think the uncertainty will lead to a temporary dip, while others believe it's just a bump in the road, and the long-term trend will keep moving up.

Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.

I think it would be easy now for SEC after Europe has issued their ETF as well. But I think right now SEC is just kicking the football in the field and waiting until a global decision has been taken on cryptos and how are governments around the world going to take it. Once that is done in some forum only then it will be decided that how does SEC wants to keep it's ETF.

[alastantiger]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath. I've been talking to some folks, and opinions are all over the place. Some are like, "This delay is killing the momentum. We need that ETF to surge the market!" Others are more cautious, saying, "Maybe it's good to take time and get things right. Quality over speed, right?"

The news on this is implying that the delay is systematic. The SEC 's decision to delay the approval and the outcome of this as they have said will be based on the case between Grayscale and the SEC regarding a previous Bitcoin ETF proposal.
Experts have said that the SEC is definitely going to approve the application by January. We should be expecting an early bitcoin bull run.

[panganib999]

As with other people here, I'm gonna wear my tinfoil hat and sleuth my way into a theory.

The fact that this has been a long-running issue, Bitcoin ETF has been years in the making mind you and it's only within this year that we saw some significant movement from the SEC, is a testament to how uneager they are about bitcoin and the progress it brings no matter how much they preach about bitcoin being a good cryptocurrency or whatever the fuck they are saying about bitcoin these days. Other peeps here could be right as well about SEC postponing its approval up until a date that's closer to halving to ensure that wall-street bankers and insiders are able to gain profits quickly and dump their holdings when they feel like it which is not good. All in all, we can only guess on what the real thing is especially when everyone's being secretive about the details.