Finally ETF approved

[FinePoine0]

Bitcoin ETF is the reason why Bitcoin price is increasing to the highest level. That's why the holders were waiting for this and the holders got huge benefits. The Bitcoin market is seeing high momentum and can predict that it will definitely touch 50 by today.

[1715409666]

1715409666

[Dunamisx]

Accepted  
Finally ETF got  approved. I think this may not houx  
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe

It is not approved yet, if the SEC approved bitcoin ETF, it will first appears from their official release and most reliable news media will take it up, so seing this alone is not convincing that they have made the approval, it may just be one of the ways people may try to use in raising fake alarms, to make the market price rise or change just to get something done for their own personal interest, but till date, no approval made yet.

[Len Saldua]

[avikz]

Well now that us has approved Bitcoin ETF, probably a very bad time coming for physical Bitcoin holders. Since us has now made the attempt to provide a regulated investment vehicle for Bitcoin, I foresee more stringent rules and punitive measures coming out from IRS for the physical Bitcoin holders.

I can see the market has already started responding to this news. Let's see how it goes for the physical Bitcoin holders in US. I do not have a great feeling about it.

[decodx]

Accepted  
Finally ETF got  approved. I think this may not houx  
https://bitcoinmagazine.com/markets/spot-bitcoin-etfs-will-begin-trading-tomorrow-cboe

It is not approved yet, if the SEC approved bitcoin ETF, it will first appears from their official release and most reliable news media will take it up, so seing this alone is not convincing that they have made the approval, it may just be one of the ways people may try to use in raising fake alarms, to make the market price rise or change just to get something done for their own personal interest, but till date, no approval made yet.

What The F Are You On About?

The SEC has approved eleven new Bitcoin ETFs that are already listed on the NYSE Arca, Cboe BZX, and Nasdaq exchanges.
https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf

[Essential10]

As we all already know Bitcoin ETF has been approved, this move provides a regulated and more accessible way for investors to invest in cryptocurrencies, potentially leading to more widespread adoption and mainstream use of the digital currency. I feel that the creation of Bitcoin ETFs can contribute to increasing liquidity and price stability in market, as well as reducing some of the barriers to entry for investors who have been hesitant to invest directly. Overall, the approval of the Bitcoin ETF by the SEC represents a significant milestone for the cryptocurrency industry and could have a positive impact on the market as a whole.

[Kavelj22]

Although the news fills the headlines, I do not see that there is enough enthusiasm to match the size of the news. Even the price movement of Bitcoin was not greatly affected, and there are no other events occurring simultaneously or of the same degree of importance.

The Chairman of the Securities Commission has announced that issuing this approval decision does not mean accepting Bitcoin at all: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
I think he didn't really mean what he said because approving the listing and trading of Bitcoin Spot ETPs explicitly means recognizing Bitcoin as the source of value upon which these products were approved. It seems like a statement for media consumption rather than an expression of the real position. This also reflects the attempt of the Securities Commission official to issue a decision that satisfies all parties, that is, he announced approval of the listing, driven by the strength of public opinion, and at the same time he announced that this does not mean accepting Bitcoin (a media statement as we mentioned), and that is to satisfy the faction that rejects the listing decision. And who consider it a danger to the financial market as a whole.