_BlackStar
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January 06, 2024, 04:12:13 PM |
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I'm not entirely sure what the SEC will decide this January about a bitcoin ETF - but the odds of it being approved are becoming more likely than not. I'm considering several factors including the pressure you talk about - so Gensler should already know the worst impacts if he wants to fight it himself.
On my side - 85% will be approved, while the other 15% will not be approved. The market will fluctuate sharply whatever the decision - but things got worse when the bitcoin ETF was rejected, but - not for long.
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bettercrypto
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January 06, 2024, 07:32:20 PM |
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Three days from today, questions like this will be answered, and I think on January 10, there will be another rise in Bitcoin's price value. And it is likely that other altcoins will also have a bounce in price values that currently have short-dumped their prices in the market.
That's why I think this is the opportunity for us and other traders to buy potential alts in the market as well, and I also think that the SEC will actually approve what will happen to bitcoin spot etf that too; it seems unlikely that they will actually approve anything for that matter.
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ChiBitCTy
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January 06, 2024, 08:19:07 PM |
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I saw just yesterday that there was a new update, some sort of "hurdle" was passed where it was a big step for bitcoin and all of the companies looking to bring a bitcoin ETF to the market. Do I think it will pass this month? Perhaps. Perhaps not. That said, it's coming, and I can almost guarantee that. Blackrock, Vanguard etc all wanting to join in on this ..those companies quite literally run the planet. They eventually get what they want.
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franky1
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January 07, 2024, 05:00:50 AM Last edit: January 07, 2024, 05:21:44 AM by franky1 |
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I saw just yesterday that there was a new update, some sort of "hurdle" was passed where it was a big step for bitcoin and all of the companies looking to bring a bitcoin ETF to the market. Do I think it will pass this month? Perhaps. Perhaps not. That said, it's coming, and I can almost guarantee that. Blackrock, Vanguard etc all wanting to join in on this ..those companies quite literally run the planet. They eventually get what they want.
are you talking about the filings by applicants of 8A registering their securities and then the exchanges acknowledgements of 8A via 19b-4 those are the main last filings for exchanges acknowledging listings on their exchanges of securities. however some applicants still need to disclose some details to SEC like their fee's and basket amounts and shares per basket stuff which they have until the 8th jan to file
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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pinggoki
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January 07, 2024, 05:32:17 AM |
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I'm not entirely sure what the SEC will decide this January about a bitcoin ETF - but the odds of it being approved are becoming more likely than not. I'm considering several factors including the pressure you talk about - so Gensler should already know the worst impacts if he wants to fight it himself.
On my side - 85% will be approved, while the other 15% will not be approved. The market will fluctuate sharply whatever the decision - but things got worse when the bitcoin ETF was rejected, but - not for long.
Was there already an article released that it's going to be delayed? Here's the article that I've seen at my Twitter alerts so I have to say that it's a bit weird that your odds might not be what it is, although a delay means nothing anyway, people can always wait for bitcoin and whatever that might be that can affect the price, they (including me) is going to be waiting no matter what happens. Hopefully they make a really long delay in the approval though, I want to accumulate some more because I'm sure that if you're percentage is correct, there's going to be a big pump in prices and I don't want to miss out on that.
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KiaKia
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January 07, 2024, 06:42:01 AM |
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I do think that the ETFs Approval is going to be possible this time around.
Right now, there is ongoing adjustment and amendments that is needed to make the ETFs a success from both the SEC and other regulators, this is the first time since the past year's that such move is been made.
The only thing I don't know is when they will finally approve it, we are expecting the approval this month but no one can say for sure, I read online that the name will also be changed, instead of having BTC related to the name it will be something different, I don't know how genuine is this news.
The good side is the success of Bitcoin doesn't rely on this ETF approval, if it's a no for the ETFs Bitcoin will still survive.
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EarnOnVictor
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January 07, 2024, 07:40:41 AM |
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I'm not entirely sure what the SEC will decide this January about a bitcoin ETF - but the odds of it being approved are becoming more likely than not. I'm considering several factors including the pressure you talk about - so Gensler should already know the worst impacts if he wants to fight it himself.
On my side - 85% will be approved, while the other 15% will not be approved. The market will fluctuate sharply whatever the decision - but things got worse when the bitcoin ETF was rejected, but - not for long.
I voted No, and the reason is the negative news surrounding the ETF since the last days of 2023, while some people had their supposed proof and insider thoughts that the ETF would not be approved. Just like you said, some parts would be approved while the other parts would be rejected. Some people are even saying they will postpone it to the middle of the year the way they did in November, so it the situation around it is sketchy and none of it is emphatically encouraging. I advise that as rumours and even some uncertified news are not the actual outcomes yet, I believe it would be unwise to 100% ascertain a position from anybody here. The SEC has the final say and I believe we should wait for that moment, otherwise, we will only be gambling on beliefs and assumptions.
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BitcoinsGreat
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January 07, 2024, 08:03:28 AM |
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Three days from today, questions like this will be answered, and I think on January 10, there will be another rise in Bitcoin's price value. And it is likely that other altcoins will also have a bounce in price values that currently have short-dumped their prices in the market.
That's why I think this is the opportunity for us and other traders to buy potential alts in the market as well, and I also think that the SEC will actually approve what will happen to bitcoin spot etf that too; it seems unlikely that they will actually approve anything for that matter.
I guess it will be either that bitcoin ETF will be approved by 10 of January, if not, then we may not see getting it approved in this month. I do not know if delaying it further can cause SEC to face some legal issues too. Tomorrow is Monday 8th Jan, and I am hopeful that SEC will approve this on Monday or Tuesday, if not, I guess they are not going to approve it or going for delaying tactics. Whatever is the cause of the excuse, bitcoin will have the selling pressure.
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bayu7adi
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January 07, 2024, 08:04:27 AM |
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No. Bitcoin won't get approval that easily. Why do many people have such high hopes for a Bitcoin ETF? I know it's not wrong, but what you need to understand is that Bitcoin's current position is not above everything, so the likelihood of getting approval for an ETF is actually quite low. Even though there's pressure from some parties, there are others waiting in line besides Bitcoin.
Is there pressure from many sides? The SEC still has other options that could even benefit them. While Bitcoin has the potential to benefit them too, their considerations will be a bit more peculiar because it's their right.
I can't have high confidence in a Bitcoin ETF this month. It might take another year or a few more years.
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|MINER|
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January 07, 2024, 08:08:15 AM |
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Actually if you ask me that question my answer will be not sure. We are seeing that a long time these activities but at the end of the day nothing is happening. But I can assure you that Bitcoin ETF approval will definitely happen but when it will happen is very difficult to say. But for now I will say that they will hold the approval in this month .
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highalch
Jr. Member
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January 07, 2024, 08:12:25 AM |
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It's probably gonna get approved, the SEC is just sitting on the papers to make sure they can have the fullest control once it's out there.
Once Blackrock stepped in, it's become clear that Gensler must retreat a bit. A class action against SEC from the 13? companies would mark the end of Gensler's political career for sure. It's money that dictates in the US, and we have big enough money coming into the space now. This no longer can be ignored. Imho.
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Etranger
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January 07, 2024, 08:39:43 AM |
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I think it will happen. Everything points on it. First of all, major players are interested in Bitcoin ETF being accepted. I believe it will make a positive influence on the price and the demand. But I am sure that it won't be as huge as some people expect. Accepting ETF can attract some new players, but not entirely unfamiliar with the crypto sphere. Because using ETF and understanding the meaning of such a decision requires prior familiarization with the topic. That's why I think that those who are interested in Bitcoin ETF are already partially were interested in Bitcoin itself.
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Smack That Ace
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Free Free Palestine
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January 07, 2024, 10:08:31 AM |
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I'm not entirely sure what the SEC will decide this January about a bitcoin ETF - but the odds of it being approved are becoming more likely than not. I'm considering several factors including the pressure you talk about - so Gensler should already know the worst impacts if he wants to fight it himself.
On my side - 85% will be approved, while the other 15% will not be approved. The market will fluctuate sharply whatever the decision - but things got worse when the bitcoin ETF was rejected, but - not for long.
Was there already an article released that it's going to be delayed? Here's the article that I've seen at my Twitter alerts so I have to say that it's a bit weird that your odds might not be what it is, although a delay means nothing anyway, people can always wait for bitcoin and whatever that might be that can affect the price, they (including me) is going to be waiting no matter what happens. Hopefully they make a really long delay in the approval though, I want to accumulate some more because I'm sure that if you're percentage is correct, there's going to be a big pump in prices and I don't want to miss out on that. In general, Bitcoin and the market have increased significantly in price over the past few months, so I think even if the SEC approves ETFs, it will be difficult for bitcoin to continue to increase in price. So I think there is still an opportunity if you want to continue buying bitcoin at low prices, I do not believe bitcoin can increase vertically and we will enter the bull season before the halving. I am inclined to the possibility that the ETF will be approved, but I think that is when the market will distribute and be dumped and not continue to increase as strongly as everyone expects.
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Cryptmuster
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January 07, 2024, 11:07:10 AM |
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No. Bitcoin won't get approval that easily. Why do many people have such high hopes for a Bitcoin ETF? I know it's not wrong, but what you need to understand is that Bitcoin's current position is not above everything, so the likelihood of getting approval for an ETF is actually quite low. Even though there's pressure from some parties, there are others waiting in line besides Bitcoin.
Is there pressure from many sides? The SEC still has other options that could even benefit them. While Bitcoin has the potential to benefit them too, their considerations will be a bit more peculiar because it's their right.
I can't have high confidence in a Bitcoin ETF this month. It might take another year or a few more years.
Whatever decision is made, it will be done with the aim of manipulating the market, quite possibly at the local level. From the first days of this year, even without any acceptance or rejection, manipulators liquidated many shorts and longs, only on rumors, so I don’t think anything will change in the future in the cryptocurrency market, everything will be aimed at catching traders by surprise , but this will not affect the holders, so draw your own conclusions.
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Taskford
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January 07, 2024, 11:15:35 AM |
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No. Bitcoin won't get approval that easily. Why do many people have such high hopes for a Bitcoin ETF? I know it's not wrong, but what you need to understand is that Bitcoin's current position is not above everything, so the likelihood of getting approval for an ETF is actually quite low. Even though there's pressure from some parties, there are others waiting in line besides Bitcoin.
Is there pressure from many sides? The SEC still has other options that could even benefit them. While Bitcoin has the potential to benefit them too, their considerations will be a bit more peculiar because it's their right.
I can't have high confidence in a Bitcoin ETF this month. It might take another year or a few more years.
Whatever decision is made, it will be done with the aim of manipulating the market, quite possibly at the local level. From the first days of this year, even without any acceptance or rejection, manipulators liquidated many shorts and longs, only on rumors, so I don’t think anything will change in the future in the cryptocurrency market, everything will be aimed at catching traders by surprise , but this will not affect the holders, so draw your own conclusions. Whatever decision made for sure it will bring a huge impact to the market. So by now lets get updated to the latest news about those ETF if we can see it accepted or not since if there's positive news about it for sure that we can see outrageous amazing growth since for that event for sure that many people will get hype and also we can also add up the halving effect that can also rise up the vibes of people so more hype to come with that. But if unfortunate incident happen and if they decline it again then expect that we can see a huge dump will happen since that will also play a role on the market and for sure many people will dump their coins out of disappointment for what happen with that submission.
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moneystery
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January 07, 2024, 11:46:35 AM |
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voters seem to be divided on this question which shows that this is quite a difficult question considering that the sec is not showing positive signs towards bitcoin etfs but is not negative either. but i think that the bitcoin etf will be accepted by the sec, but with various regulations where its movement is really limited and not like etfs in general, but that's just my prediction.
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BadAss.Sx
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January 07, 2024, 08:27:58 PM |
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I really don't understand why people are so happy about a btc etf ruled by the sec. Btc should be for the people, not for the elite. So screw the etf
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ChiBitCTy
Legendary
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January 07, 2024, 08:53:25 PM |
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I saw just yesterday that there was a new update, some sort of "hurdle" was passed where it was a big step for bitcoin and all of the companies looking to bring a bitcoin ETF to the market. Do I think it will pass this month? Perhaps. Perhaps not. That said, it's coming, and I can almost guarantee that. Blackrock, Vanguard etc all wanting to join in on this ..those companies quite literally run the planet. They eventually get what they want.
are you talking about the filings by applicants of 8A registering their securities and then the exchanges acknowledgements of 8A via 19b-4 those are the main last filings for exchanges acknowledging listings on their exchanges of securities. however some applicants still need to disclose some details to SEC like their fee's and basket amounts and shares per basket stuff which they have until the 8th jan to file Sounds like you're way more versed about all of this than I am. I just read an article on one of my bitcoin apps that discussed (and I believe I read this either yesterday or the day before) that a hurdle had been crossed for either or or more of these companies filing which of course brings us one step closer to actually getting them to market. Thanks for providing all the details.
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darkangel11
Legendary
Offline
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
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January 07, 2024, 08:53:52 PM Last edit: January 07, 2024, 09:07:29 PM by darkangel11 |
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Actually if you ask me that question my answer will be not sure. We are seeing that a long time these activities but at the end of the day nothing is happening. But I can assure you that Bitcoin ETF approval will definitely happen but when it will happen is very difficult to say. But for now I will say that they will hold the approval in this month .
I'm pretty sure that it's going to happen. There's so many positive signs, even the recent one where the SEC issued a warning to investors that they should not fomo into bitcoin because of the ETF news. Why would they do that if there was no ETF approval incoming? They're not some kind of protectors of the little guy. They couldn't care less about you. All they care about is their job and their reputation and they don't want to be the ones to be blamed for the FOMO, therefore they warn you not to go all in into something that's going to be accessible in the coming weeks.
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Distinctin
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January 07, 2024, 09:58:05 PM |
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It can still be approved but not on this month, let’s see if it will be possible in the last quarter. But regardless if it’s approved or not, that is not a big issue for me since bitcoin will always be bitcoin even if bitcoin ETF does not exist. The potentials of bitcoin that it will become something very valuable in the future will always be its goal, so even if bitcoin ETF gets disapproved throughout the process, we can still expect that bitcoin will always be at its own best in time.
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