Finally ETF approved

[~speedx~]

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

[Nwada001]

Pass the news as seen. According to the article you shared the link, it's said they have listed the sport ETF tokens and it's ready to resume trade tomorrow, but this could only be possible if the SEC can give their final take on the ETF approval until it has been made official by the SEC (which I believe there is a higher possibility of it happening).
 
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.

[adenphoto]

Pass the news as seen. According to the article you shared the link, it's said they have listed the sport ETF tokens and it's ready to resume trade tomorrow, but this could only be possible if the SEC can give their final take on the ETF approval until it has been made official by the SEC (which I believe there is a higher possibility of it happening).
 
It's not yet good to say it's been approved. They listed the ETF tokens just as exchanges add token tickers to their exchanges and wait for the right time for them to officially kickstart the trade, so for the time being, it's not yet approved by the SEC.

The approval.

sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

[TryNinja]

The approval.

sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Link is down, but here is an screenshot:

[electronicash]

too much fake ETF approval already. people wouldn't believe it anymore even when it comes from CBOE, SEC has the last word for it. investors will not buy until SEC confirms.

anyway, among them its VanEck ticker is the coolest of all HODL. BlackRock's ETF not yet starting so it reserved another day for a twitter hack.


ccto

[OgNasty]

The ETF has in fact been approved as of about 20 minutes ago.  Impressive that we have come so far.  When I got into Bitcoin you would have been laughed at for suggesting that such a thing could even be possible down the road.  People had timelines of 2050 and a price of a couple grand as possibilities.  Everyone has been impressed with how strong our movement is.  In a lot of ways, this is the end game for what people thought was possible for BTC.  Next up, more countries adoption Bitcoin as their currency.

[BenCodie]

The approval.

sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Link is down, but here is an screenshot:

Trust units are not quite the same as ETFs as far as my reading goes.

It should be noted that ETFs can enable artificial creation of Bitcoin supply by the fund manager. No proof of underlying asset = paper bitcoin. I'm not bullish on this news for that reason...

Trust units vs. ETFs

According to the screenshot it doesn't say anything about ETFs, rather commodity-based trust units and an instrument that has ETF in the name, but that is a trust unit.

The ETF has in fact been approved as of about 20 minutes ago.  Impressive that we have come so far.  When I got into Bitcoin you would have been laughed at for suggesting that such a thing could even be possible down the road.  People had timelines of 2050 and a price of a couple grand as possibilities.  Everyone has been impressed with how strong our movement is.  In a lot of ways, this is the end game for what people thought was possible for BTC.  Next up, more countries adoption Bitcoin as their currency.

Can you please provide a source link as nothing in this thread clearly says that Vaneck, Black rock, JPM, etc. Applications have been approved.

[batang_bitcoin]

Next up, more countries adoption Bitcoin as their currency.

We've seen some that have already done it and yeah, that's likely the next thing to come for Bitcoin. So, I tried to look for other sources and I just found one from reuters of the many.
~ US SEC approves 11 spot bitcoin ETFs

[mirakal]

The ETF has in fact been approved as of about 20 minutes ago.  Impressive that we have come so far.  When I got into Bitcoin you would have been laughed at for suggesting that such a thing could even be possible down the road.  People had timelines of 2050 and a price of a couple grand as possibilities.  Everyone has been impressed with how strong our movement is.  In a lot of ways, this is the end game for what people thought was possible for BTC.  Next up, more countries adoption Bitcoin as their currency.

I also read the news and now, it’s actually happening in real and not just fake news like what we used to read prior to this day. There are no more rumors anymore as SEC has finally approved bitcoin ETF, and we’ll expect that after this approval, we will start to see bitcoin price to surge higher in preparation for bitcoin halving.

However, bitcoin price drops is still possible to happen but instead of dealing on it negatively, I think it’s also a smart move for us to accumulate more bitcoin so we can gain maximum profits when bitcoin bull run is already happening.

[salad daging]

The approval.

sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Link is down, but here is an screenshot:

Someone has saved a PDF file uploaded to Google Drive, perhaps looking at the entire contents of the file - https://twitter.com/Cainewei/status/1745188610712678651

[decodx]

Yep! This time it looks for real!

It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now.  That was likely the intention of yesterday's "hack" of SEC's twitter account.

[Ever-young]

It’s indeed a good news which is worth to be celebrated, and the news of the approval just came as predicted by most analyst who have predicted the approval news to announce just on the 10th of January and any further delay found result to it getting rejected again, but it’s a good thing the news came out positive as many of us have expect, it another achievement which will make way for more exposure for bitcoin.

[Ojima-ojo]

This is an exciting time for Bitcoin and the entire Bitcoin community although this is not the first Bitcoin ETF since we already had other regions whose regional laws already hards some ETF spots for quite a while down Canada is one of such country.


But for those in the United States this ETF approval is quite an exciting development for them and let's see what impact this will have on the price of Bitcoin in the coming days

[Z-tight]

It is a big news in the industry, though a lot of bitcoiners already predicted that this was going to be the outcome after all the events in recent months pointed towards an approval, now we can experience how the market will react to this news, a lot of people think it will be positive and there's really no reason to think otherwise. Now i don't believe that the sec's X account was hacked yesterday when they posted that spot etf's had been approved, maybe they just mistakenly posted it a day earlier .

[nimogsm]

Yep! This time it looks for real!

It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now.  That was likely the intention of yesterday's "hack" of SEC's twitter account.

Trading will be open only tomorrow and perhaps then the market will react fully. During this day, anything can happen and the securities commission will change its mind at the last moment or make changes.
Yes, you are right, yesterday’s tweet ruined the mood of many and the market reacted instantly to that that the news turned out to be fake.
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While I was writing this message, the market had already reacted and everything was already green.

[cr1776]

The approval.

sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Link is down, but here is an screenshot:

This link is working, for those who want the SEC site:
https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf

I suspect the original was a temporary link and it was renamed.  But who knows, it could've just been incompetence on the SEC's part.

[cr1776]

Yep! This time it looks for real!

It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now.  That was likely the intention of yesterday's "hack" of SEC's twitter account.

Trading will be open only tomorrow and perhaps then the market will react fully. During this day, anything can happen and the securities commission will change its mind at the last moment or make changes.
Yes, you are right, yesterday’s tweet ruined the mood of many and the market reacted instantly to that that the news turned out to be fake.
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While I was writing this message, the market had already reacted and everything was already green.

I think that yesterday flushed out a bunch of people, first with the spike up, then with the drop.  In hindsight may have been a positive, although the incompetence at the SEC is astounding for people who think they are "protecting" people when they can't do something very basic.

[Popkon6]

Yep! This time it looks for real!

It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now.  That was likely the intention of yesterday's "hack" of SEC's twitter account.

Yesterday's news was fake, SEC twitter account was hacked. Which is why that news came out of the SEC Twitter but it was actually just a short time ago today that the Bitcoin ETF was approved. I was waiting for this time I thought the price of Bitcoin will continue to rise but no Bitcoin has reached a maximum of 47k.

[franky1]

Yep! This time it looks for real!

It's strange that the market reacted more dramatically to the fake news yesterday than it did today. Traders appear to be more cautious now.  That was likely the intention of yesterday's "hack" of SEC's twitter account.

Yesterday's news was fake, SEC twitter account was hacked. Which is why that news came out of the SEC Twitter but it was actually just a short time ago today that the Bitcoin ETF was approved. I was waiting for this time I thought the price of Bitcoin will continue to rise but no Bitcoin has reached a maximum of 47k.

futures traders have contracts for max price $47k, they dont want the spot to breach $47k until their contracts win. so are using another stash of coin to arbitrage spot market until their contracts fill. then we may see some spot price progression not being walled by whales

[Yamane_Keto]

Gary Gensler's tweet was giving a negative signal or suggesting that the approval would not take place, in addition to denying yesterday's tweet and saying that the account had been hacked. Perhaps all that was happening was that the employee had announced the approval before its date, but why did the price not react positively to such news? I was expecting a continuous rise during the first two hours to break $50,000 but we are still far from $48,000.