What will SEC delay on Spot ETF approval do to Bitcoin's price?

[kro55]

If you believe that approved ETFs will have a positive impact on bitcoin prices, then don't be surprised that delayed ETFs will also have an impact on bitcoin prices. Are you a long-term or short-term investor? If you are a long-term holder, you don't need to pay too much attention to ETF news because even if the SEC denies it, it won't stop bitcoin from rising in price and making a new ATH. Bitcoin's price increase is inevitable, it's just a matter of time. So you should focus on accumulating bitcoin rather than worrying about whether the ETF is accepted or not, it really doesn't matter that much.

[yudi09]

The reason for the SEC's suspension of ETFs was said to be a form of caution. Apart from that, postponement is no longer a decision that can make the market volatile because what is awaited is approval. The approval of a Bitcoin ETF by the SEC may have an effect on increasing the price of Bitcoin.
This week the ETF was postponed again and the price did not decline below 35K. I can say that only approval can have an impact on increasing the price of Bitcoin.

[Wapfika]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

No one expect any early approval either since this type of ETF was rejected/delayed many times by SEC prior to blackrock application. I believe the only reason why the current pending application significant is because the company involved now is too huge for SEC to denied without a proper legal battle.

The approval this time is inevitable so the SEC will surely just use the remaining time they want to possibly delay this because they don’t want Bitcoin in general. Delay will not gonna cause any major dip anymore since this is expected. Only reject or approve is what matter now.

[target]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

No one expect any early approval either since this type of ETF was rejected/delayed many times by SEC prior to blackrock application. I believe the only reason why the current pending application significant is because the company involved now is too huge for SEC to denied without a proper legal battle.

The approval this time is inevitable so the SEC will surely just use the remaining time they want to possibly delay this because they don’t want Bitcoin in general. Delay will not gonna cause any major dip anymore since this is expected. Only reject or approve is what matter now.

Maybe it's true. At least they didn't deny but they also didn't approve Blackrock's application. The path to the adoption of Bitcoin is to have regulations but come to think of it, there is never a regulation of crypto yet so this is going to be another issue that will leave us hanging and they'd be using this argument to bring price down over and over while Gary doing all these with impunity on his smile.

[virasog]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

The price didn't get much hit after the announcement that the SEC has delayed the decision on bitcoin Spot ETF. In fact, if you look at the price now, it is again over $37,000+ which shows that people are not willing to dump their bitcoin on the basis of the ETF delay news or any other slightly bearish news for the bitcoin.

Why would they be bearish now when halving is just a few months away? Bitcoin ETF will get approved very soon and the current market sentiments would only mean that bulls are strong in the market and no one is going to sell bitcoin under 40K.

[Alpha Marine]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

[adaseb]

Today again there was more amendments to the ARK Bitcoin ETF. And price did nothing when the news came out.

Then there was also the Binance getting sued for $4B, and it dumped at first but then rallied. Even BNB recovered. Later there was the Kraken being sued news and again, the market was unphased. So I am guessing we are in a pretty strong bull market since these SEC lawsuits don't cause bitcoin to go down. This is what you want to see in a bull market.

Similar to how in a bear market, whenever we get bullish news, we dump anyways. This is the same but opposite.

[bbc.reporter]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

[Smack That Ace]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

Whether halving or ETF, there is no guarantee that bitcoin will never drop in price again, this thinking seems too naive for a market as volatile as bitcoin. Don't forget that this is not just a game for retail investors like us, we also have market makers, whales...a lot of big guys in the market and they can manipulate market according to their wishes. Therefore, do not be too subjective and think that increased demand for bitcoin means the price will always increase, not decrease. Bitcoin can go up and down whenever it wants without any news affecting it, and sometimes news is just a way to hide their manipulation from us.

[electronicash]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

Whether halving or ETF, there is no guarantee that bitcoin will never drop in price again, this thinking seems too naive for a market as volatile as bitcoin. Don't forget that this is not just a game for retail investors like us, we also have market makers, whales...a lot of big guys in the market and they can manipulate market according to their wishes. Therefore, do not be too subjective and think that increased demand for bitcoin means the price will always increase, not decrease. Bitcoin can go up and down whenever it wants without any news affecting it, and sometimes news is just a way to hide their manipulation from us.

i was reading it weeks ago that the deadline was in Jan 2024. and now it's March 15. it looks like they wanted the approval to be close to the halving date.

i'm also seeing there will be a last bear strings that are to be pulled before going up. but most probably not going below $30k and if i am going to prepare for this dump, i would save my USDT ready on the exchange to wait for it to happen. but will also regret it if it doesn't happen.

[adaseb]

Well I am fairly sure it won’t be approved anytime in 2023. Maybe in January 2024. However it would be crazy if the SEC approved the etf tomorrow while yesterday they sued Binance and Kraken. It’s very difficult to read that Gary Gensler.

At first we assumed he was finally pro Bitcoin with his Satoshi tweet but a week later he is calling crypto a scam and suing exchanges left and right. Honestly it would be best if he was replaced by someone else.

[yhiaali3]

Personally, I do not expect any setback in price due to the SEC's decision to delay its decisions on the Spot ETF application, I expect that we have overcome the negative impact.

Bitcoin price is moving sideways at the 36-37K$ area, and it remains stable there so far, preparing to move towards the 40K$ area, I hope.

This is not the first time that the SEC has postponed its decision, and yet we find that the effect is very weak or non-existent, and if it happens, it will be in a very short time, so I do not see any fear for Bitcoin at the present time.

[slashz9]

I don't know if the ETF deliberately delayed it before doing the halving but it seems like they had their own reasons although what I said before could also be a reason.
I strongly assume they postponed it because of that.

[kentrolla]

Well I am fairly sure it won’t be approved anytime in 2023. Maybe in January 2024. However it would be crazy if the SEC approved the etf tomorrow while yesterday they sued Binance and Kraken. It’s very difficult to read that Gary Gensler.

At first we assumed he was finally pro Bitcoin with his Satoshi tweet but a week later he is calling crypto a scam and suing exchanges left and right. Honestly it would be best if he was replaced by someone else.

Yeah we cannot expect SEC approval this year and though there are speculations that chances of spot ETF getting approved are higher but still we can never ever trust a banker when it comes to crypto as they will always be against crypto because of conflicting nature of operations between crypto and banks.

As many has mentioned we should be bothered even if this doesn't get approved because this is kust like cherry on toppings as it will have positive impact if get approved and very lesser or no impact if the outcome is negative.

[Hamza2424]

Currently, Bitcoin is holding the support level but the market is crashing, TBH Altcoins are bleeding there is some news about CZ's retirement news, Binance's statement news etc, etc. I was wondering that 3%+ total crypto market capital dropped by just this random news.

Something is changing the direction currently market is behaving very unusually, I was expecting something supporting from the SEC's side but they are currently aiming at the Kraken exchanges their developments are not promising at all. Some negative vibes.

[electronicash]

Well I am fairly sure it won’t be approved anytime in 2023. Maybe in January 2024. However it would be crazy if the SEC approved the etf tomorrow while yesterday they sued Binance and Kraken. It’s very difficult to read that Gary Gensler.

At first we assumed he was finally pro Bitcoin with his Satoshi tweet but a week later he is calling crypto a scam and suing exchanges left and right. Honestly it would be best if he was replaced by someone else.

Yeah we cannot expect SEC approval this year and though there are speculations that chances of spot ETF getting approved are higher but still we can never ever trust a banker when it comes to crypto as they will always be against crypto because of conflicting nature of operations between crypto and banks.

As many has mentioned we should be bothered even if this doesn't get approved because this is kust like cherry on toppings as it will have positive impact if get approved and very lesser or no impact if the outcome is negative.

the catch is that Bitcoin will have to be deemed Security before it will approved for its ETF. is going to be a dilemma because, on the other hand, we want adoption and price rocketing to Mars with the help of ETF approval yet on the other hand, being a security means the current Securities law applies to Bitcoin and ETH.

it's like the SEC is choking crypto either comply or there will be no approval.
what is currently going on with Kraken and Binance these days must be related to this compliance.

[ShowOff]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

I could have expected a correction as the SEC delayed the ETF announcement, so I'm not surprised by the current facts. However, I do not expect a major correction that could reach $35k or lower although in the end FUD will be spread in various ways to make the weak parties release their grip on bitcoin. There is nothing better than maintaining optimism and sticking to a long-term plan, meaning ignoring the short-term volatility and staying safe.

Entering the last 10 days of November, bitcoin trading volume increased further. This indicates there is high supply and demand in the market, but there is still a possibility that we will close the month at no less than $38k. Regarding the potential correction before the halving, I think that will continue to be discussed, but the fundamentals are not so negative so I can still maintain optimism about the good potential ahead of the halving.

[jossiel]

No one knows how much the price will be pertaining to this delay in approval for the applied Bitcoin spot ETFs. And with the possible drawback of Bitcoin's price, what's possible is due to the correction that we need to see and I think it's happening now.

But to look at a greater correction, I don't think that we'll see that prior to halving and with the potential of approval for any of the Bitcoin ETFs that has been applied.

One time will come after the halving and whether these ETFs approved or not, we won't be depending to its delay and everyone's mind will be focused on the actuality of Bitcoin and the mining rewards that has been halved that shall price drive the demand and price higher.

[bbc.reporter]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

Whether halving or ETF, there is no guarantee that bitcoin will never drop in price again, this thinking seems too naive for a market as volatile as bitcoin. Don't forget that this is not just a game for retail investors like us, we also have market makers, whales...a lot of big guys in the market and they can manipulate market according to their wishes. Therefore, do not be too subjective and think that increased demand for bitcoin means the price will always increase, not decrease. Bitcoin can go up and down whenever it wants without any news affecting it, and sometimes news is just a way to hide their manipulation from us.

It will certainly drop, however, will it drop to the lowest prices of 2022? I am quite certain that there is a higher chance that we will witness bitcoin pump to $40k. I am also not saying this because it is presently on $36k. I have been saying this since bitcoin was on $25k.

Also, the power of the big guys on the market is very overestimated, in the cryptospace and tradfi. We have witnessed this when the rulers of Wall Street asked for a bailout on 2008 hehehehe. It was taxpayer's money that saved them.

[Smack That Ace]

At this point, I don't think there will be any more dip till the halving. A lot of people will be buying Bitcoin while anticipating the halving. This will increase the demand and make the price keep increasing.

As for the ETF, a lot of experts believe it will be approved in Janus and that's like 2 months from now. It's not a very long time so people who bought Bitcoin for that reason won't want to sell it off when they could hold on for 2-3 more months and see what happens.

It might not only be the halving, I reckon. People are buying because they are also anticipating the approval of Blackrock's ETF application which I speculate might the first to be approved. The date for Blockrock's final deadline will be on March 15, 2024. After this first approval, all of the applications after this will be approved and the people who are unconvinced that it is a bull market will be convinced hehehehee.

Whether halving or ETF, there is no guarantee that bitcoin will never drop in price again, this thinking seems too naive for a market as volatile as bitcoin. Don't forget that this is not just a game for retail investors like us, we also have market makers, whales...a lot of big guys in the market and they can manipulate market according to their wishes. Therefore, do not be too subjective and think that increased demand for bitcoin means the price will always increase, not decrease. Bitcoin can go up and down whenever it wants without any news affecting it, and sometimes news is just a way to hide their manipulation from us.

It will certainly drop, however, will it drop to the lowest prices of 2022? I am quote certain that there is a higher chance that we will witness bitcoin pump to $40k. I am also not saying this because it is presently on $36k. I have been saying this since bitcoin was on $25k.

Also, the power of the big guys on the market is very overestimated, in the cryptospace and tradfi. We have witnessed this when the rulers of Wall Street asked for a bailout on 2008 hehehehe. It was taxpayer's money that saved them.

Have you seen the news today, the market is starting to decline and this time it is none other than the news related to CZ. He pleaded guilty and resigned from his leadership position at Binance, and if he is sentenced to prison, the market will be affected whether we like it or not. Those who believe that the market will no longer decline just because the halving is approaching should be careful of bad news happening in the market. 
By the way, many people will gloat when they see CZ resign, but this is really a pity for a talented person like CZ.