Will ETFs pump BTC to $100k soon?

[Abiky]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

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Grayscale is about to launch a Bitcoin ETF soon.

The grayscale bitcoin trust is in form of bitcoin ETF but it is not Bitcoin spot ETF.

They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

With bitcoin spot ETF people in the stock market will be able to buy bitcoin. Bitcoin price is expected to go up. But I am more thinking about bitcoin halving which would be enough to cause FOMO and bull run that can take bitcoin to $100000.

With bitcoin ETF, I am expecting $170000.

[zasad@]

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

[Inwestour]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

I assume by cryptocurrency you mean bitcoin?

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

Since the beginning of the year, even without "big" news, bitcoin has been able to rise from 16k to 30k, so if anything significant, like the ETF be able to have an even more significant impact.

[Sim_card]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Bitcoin price depends on demand and supply, and if Bitcoin ETF is approved,this is indeed a big news for bitcoin because many people will adopt bitcoin,which will bring a significant in the price of bitcoin. There are some people who can't buy bitcoin presently due to some reasons, they will be free to buy then and also many will people who are scared of buying bitcoin due to the inefficiency of keeping their coins safe will be encouraged to buy too. It will be a big blow for bitcoin price because the higher the demand,the lower the supply. If it is launched before the halving, I expect to see bitcoin price above 100k+.

[DeathAngel]

I think they will approve Blackrock’s one first or at very worst at the same time as others. I do not think there is any chance that they approve others before Blackrock. I think that once we have a spot ETF, finally it is a path into bitcoin for institutional investors, we have been missing this so far. The price will pump hard on the news & coupled with the halving we should see a massive cycle top at some stage of 2025.

[Z-tight]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC.

Grayscale won the case to convert their Grayscale BTC trust into a spot ETF, but the decision to approve any proposal of a BTC etf still rests with the sec. The sec have missed the first deadline on the applications in the waiting list, and we now have to wait for the second deadline and possibly down to the final deadline which is sometime in 2024, but with recent events there is a higher degree of optimism that a BTC spot etf would be approved in the U.S. next year. This is a full list of BTC spot etf applications and their deadlines: https://beincrypto.com/full-list-spot-bitcoin-etf-applications-deadlines/

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"?

Yes it will; but i thought not your keys, not your coins . By the way, there have been too many topics about BTC spot etf's lately, it may be better if most of the discussions are held in this thread created by OmegaStarScream: https://bitcointalk.org/index.php?topic=5465517.msg62789444#msg62789444

[Yamane_Keto]

If there is a good possibility that Bitcoin will reach 100k without a Bitcoin ETF, then we will definitely get there faster with a Bitcoin ETF, but in any case, there is a good chance that we will reach that price. I don't like to be overly optimistic, but there are no indications that there will be a Bitcoin ETF soon. All discussions are speculation.

BitcoinETF topic Discussion Bitcoin Spot ETFs

[arwin100]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Provably it will happen but to make the chance more higher it should be backed up with halving since by this two events happened for sure we can see bitcoin reached for $100k+ or even more. For now let see the updates regarding on the news they created since what they do is somehow good development for bitcoin since this can generate demands for people always seek for good news.

Positive news now starting to come so maybe accumulation stage is slowly starting.

[Baofeng]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Depends on the timing of the approval though, if this happens in after the block halving or at least we are in the bull run cycle, possible that this could be the biggest catalyst for a prediction of 6 digits in the next bull run resulting in a new all time high.

We for now we can't say for certain though, it's really one of the biggest news in the next coming years as we all know that BlackRock has the reputation to back their application up. So everything rest on the hands of SEC.

[tabas]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term?

I guess so, we can just take a look back on 2021 where many institutions have jumped to the bandwagon of Bitcoin and that's likely to repeat. And for the long term effect of it is like we're going to have a new all time low. Yes, new lower price which seems to be higher than the bottom that we've seen.

Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

I hope so. It was like the prediction on 2021 but it didn't happened way back then. So, with another push and some reasons and force to push the price of Bitcoin higher and that's going to be likely that we'll see Bitcoin once again reaches another ATH and for the first time of hitting a 6 digits price.

[kryptqnick]

I might be wrong, but I think they won a lawsuit, which means that the judge agrees that the SEC failed to justify why Bitcoin futures are okay, but ETF isn't. Winning the lawsuit doesn't grant a permission to launch an ETF without the SEC's approval, and I don't think a big company like that will risk it. They still need an approval, just like BlackRock, but the SEC is now in trouble and needs to either up its argumentation or start approving ETF applications. I don't know which option they'll choose, but until the first SEC approval is granted, I don't think there will be Bitcoin ETFs in the US or impact on Bitcoin's price. If the SEC finally budges, I think it's reasonable to assume that it might be enough to trigger a bull market, and a $100k price at the next bull market sounds very reasonable as well.

[Vaskiy]

Even without the approval we can expect good rise in the price of bitcoin during the days of halving. The bitcoin spot ETF approval will be an added element to the rise in the price of bitcoin. On approval of bitcoin spot ETF good number of investors/traders who hadn't tried cryptocurrency will have their participation. This will surely have a huge inflow causing demand and the reflection can be experienced on the price. So, approval of bitcoin spot ETF will surely have positive impact on the price increase. To what extent the rise happens is unpredictable.

[Davidvictorson]

They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

The bitcoin spot ETF are for the people who want to own bitcoin but do not want to own bitcoin.  That is bitcoin spot ETFs gives them lower risks than investing directly in bitcoin. The is room for a increase in percentage of bitcoin price due to it. Aside the halving which many people are already talking about and getting set, there are other factors in addition to the ETFs that will take bitcoin to $100k soon.

[Rikafip]

Grayscale is about to launch a Bitcoin ETF soon.

While I do think that its just a matter of time, I don't think that it will happen soon as I have a feeling that SEC will try to delay it as much as possible, probably into 2024 (unless by "soon" you meant any time before halvening).

Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Nope, I do not see that happening. While I do expect some sort of price increase in case it happens before halvening, 300% pump just because of that and before halvening imho ain't gonna happen. Then again, I've been historically very wrong when it comes to bitcoin price predicion (usully underestimating) so let's hope I am wrong yet again.  

[Aanuoluwatofunmi]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

There's a little and more likely possibilities that bitcoin can surge if their application got approved by SEC, but should we consider thus as a major push on the bitcoin network markets, i don't think the major reason why we should experience a bull is on this because if you can recall on the previous days, something like this source out and suddenly pump the market to #27,000 before it gradually comes down to $25,600 where we are today, something far bigger and more anticipated for is in bitcoin market demand and supply as we are getting closer to halving.

[tranthidung]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same.

Winning that lawsuit does not mean SEC will approve a Bitcoin Spot ETF from Grayscale. People expect more from BlackRock which has very good successful rate from their previous ETF applications, only fail 1 / 600 applications.

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Breaking a current all time high and making a new one before a Bitcoin halving, is unprecedented. I don't think it will happen because I believe in history and also believe that a first Bitcoin Spot ETF approval in the USA will happen in a bull run, after the halving.

My thinking is like above but I won't be shocked if what you ask will happen before the halving. We already witnessed a first time, Bitcoin dropped deeper than its previous all time high, during this 2021 to 2023 bear market. In previous cycles, it did not fall below its all time high of one previous cycle.

[flyingcarpet]

Grayscale is about to launch a Bitcoin ETF soon.

The grayscale bitcoin trust is in form of bitcoin ETF but it is not Bitcoin spot ETF.

They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

With bitcoin spot ETF people in the stock market will be able to buy bitcoin. Bitcoin price is expected to go up. But I am more thinking about bitcoin halving which would be enough to cause FOMO and bull run that can take bitcoin to $100000.

With bitcoin ETF, I am expecting $170000.

I would also like to be optimistic, but considering the economic conditions in the world, I do not think the Bitcoin price can reach this high. If the conditions in the economy change, then there is a chance to reach the prices you mentioned.

We all want the price of Bitcoin to increase, but this increase needs to be based on logical reasons. We cannot think of Bitcoin independently of the world economy, so the price of Bitcoin will not increase unless the country's economies recover. Even if the price increases, it will not be permanent. Halving will have an effect on increasing the price, but the course of the world economy at that time will also significantly affect the price.

[m2017]

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

I don't expect bitcoin for $100.000 before the halving. Most likely it will happen later than this event, as it happened in previous cycles.

Even if bitcoin ETF could push bitcoin's price to $100.000, it would only be a short-lived event. After which there would inevitably be a strong decline. All the same, I would like to see the price of bitcoin to $100.000 a little more stable. To keep the plus or minus at this level, as it is happening now in the range of $25-30.000.

It seems to me that the hype around bitcoin ETF is overrated and it will not have a strong impact in the long run, but it will make a small contribution to the popularity of bitcoin, which, in general, is already good.

[Lucius]

~snip~
It seems to me that the hype around bitcoin ETF is overrated and it will not have a strong impact in the long run, but it will make a small contribution to the popularity of bitcoin, which, in general, is already good.

People start behaving very irrationally when they read about all these companies that manage trillions of dollars and are interested in Bitcoin, as if that means that all of their clients will suddenly go crazy for Bitcoin and start buying shares in these funds, just because such the possibility exists. We have such ETFs all over the world and generally there is very little interest in such investments, but apparently the US market is the only one on which most people expect to behave in the complete opposite way.

There should be no doubt that the news of the first approved BTC ETF in the US will resonate in the media space, because we saw the effect of the news that the court ruled in favor of Grayscale recently. Therefore, I think that the news will be sold very successfully, but the real question is how much the clients of these companies will actually be interested in such an ETF, and how will these same companies buy BTC on the market, given that it is an ETF that will have to buy BTC and store it in custodial wallets in order to be able to sell shares in the fund.

If these companies do these transactions via OTC, it is possible that the effect on the price will not be as strong as some think, and considering that BlackRock has signed a contract with Coinbase regarding the custody service - we already know from the past that the same company performed the purchase service for MicroStrategy via OTC.