It's official Bitcoin ETF approved

[arabspaceship123]

American securities regulator's given permission to 11 ETFs to their list. It's including Fidelity and Invesco, Grayscale and Ark Invest. BlackRock and Fidelity updated their systems to announce fees less than 0.5% but some won't charge in early days of trading to celebrate ETF approval.

ARK 21Shares (ARKB)
Bitwise (BITB)
BlackRock Inc (IBIT)
Fidelity Investments (FBTC)
Franklin Templeton (EZBC)
Grayscale Investments ($GBTC)
Hashdex (DEFI)
Invesco Galaxy (BTCO)
Valkyrie (BRRR)
VanEck (HODL)
WisdomTree (BTCW)

They've filed accelerations requests so they'll start trading today if they're allowed. It's historic news but approval didn't make bitcoin's price go higher.

[Dunamisx]

I think we need to verify this from a genuine source before arriving at the conclusion, moreso, bitcoin have risen close to $48'000 of recent and I don't know the way the breaking news could act in pushing the market higher than expected above $50,000 it won't be a surprise if after the confirmation that the approval was made and the market dips, then maybe later rises because this isn't the expected time to see the approval make a bullrun to the bitcoin market price not until after halving has taken place, let's just keep an eye on what's going on for now.

[arabspaceship123]

The source's genuine it's from American regulators https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf

I think we need to verify this from a genuine source before arriving at the conclusion

[snipie]

I think we need to verify this from a genuine source before arriving at the conclusion, moreso, bitcoin have risen close to $48'000 of recent and I don't know the way the breaking news could act in pushing the market higher than expected above $50,000 it won't be a surprise if after the confirmation that the approval was made and the market dips, then maybe later rises because this isn't the expected time to see the approval make a bullrun to the bitcoin market price not until after halving has taken place, let's just keep an eye on what's going on for now.

The news is official and was confirmed yesterday. There is even many speculation in the net that was shared in few hours after the announcement.
Meanwhile, since there is many threads about the same topic, it would be better to stick in this since it seems to be the first posted in this section https://bitcointalk.org/index.php?topic=5481115.0

[Dunamisx]

The source's genuine it's from American regulators https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf

I think we need to verify this from a genuine source before arriving at the conclusion

I think we need to verify this from a genuine source before arriving at the conclusion, moreso, bitcoin have risen close to $48'000 of recent and I don't know the way the breaking news could act in pushing the market higher than expected above $50,000 it won't be a surprise if after the confirmation that the approval was made and the market dips, then maybe later rises because this isn't the expected time to see the approval make a bullrun to the bitcoin market price not until after halving has taken place, let's just keep an eye on what's going on for now.

The news is official and was confirmed yesterday. There is even many speculation in the net that was shared in few hours after the announcement.
Meanwhile, since there is many threads about the same topic, it would be better to stick in this since it seems to be the first posted in this section https://bitcointalk.org/index.php?topic=5481115.0

Thank you all for confirming this, I've actually seen more than one thread talking same o. This matter and we are not sure of what to conclude on, I think now that the first thing has been achieved, we should wait to see the implications of this on the market, will it be as a quick action to reflect on the market or it will be a gradual approach to make something different, there's more to see and expect after the first achievement, but we don't actually have the right sense of where it might lead, even though this whole thing is completely something different and out of the bitcoin network.

[arabspaceship123]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

[MusaMohamed]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

It's an example of "Buy the rumor, sell the news".

Bitcoin actually took off in last 4 months of 2023 and I really don't expect it to continue taking off more after Bitcoin Spot ETF approvals in January 2024. It makes sense if Bitcoin has correction after four continuous green months in 2023.

Corrections three months before halving in April 2024 are good and necessary to clean up the market for a big bull run after halving.

[Yamane_Keto]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

I advise you to read this topic 0.618 fib retracement @ $48.5K achieved: Is this is the local top? dragonvslinux has a good analysis of the Bitcoin price and it may answer some of your questions, but the problem lies in the direction of the price. It may not be towards the moon, but the possibility of a correction is greater, so do not lose hope. It will take several months and we will see crazy green candles. You may find some positive analysis elsewhere but the price of Bitcoin is unpredictable.

[pinggoki]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

Some people that are hodling are probably taking profit before the inevitable pump in the prices, I mean enjoying a small amount of profit before getting in at a lower price because a lot of people have sold. In fact this is a good sign because that means we still have time to buy bitcoin for ourselves and increase our potential profit, just do DCA so you're not going all in at this current price, you might regret doing an all-in when you buy at this current price.

[BALIK]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

It's an example of "Buy the rumor, sell the news".

Bitcoin actually took off in last 4 months of 2023 and I really don't expect it to continue taking off more after Bitcoin Spot ETF approvals in January 2024. It makes sense if Bitcoin has correction after four continuous green months in 2023.

Corrections three months before halving in April 2024 are good and necessary to clean up the market for a big bull run after halving.

Saying bitcoin did not fly to the moon is not entirely true because on the first trading day of the bitcoin ETFs, bitcoin was also pushed to 48k$ before the correction occurred. It can be said that bitcoin had a positive reaction to the ETfs news but it could not maintain that for long.

And you're absolutely right, this correction isn't too surprising since bitcoin had been bullish for months before the ETF news was announced. People should have been careful with that instead of continuing to dream that bitcoin would go higher. Bitcoin's movement is based on buying and selling activity, not just on ETFs news, and if people pay attention to bitcoin's chart, they can see that bitcoin has risen too much and a correction is just a matter of time.

[mk4]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

Technically, more buyers and less sellers? If you think that bitcoin would just go up in a straight line after bullish news as the Bitcoin ETF, then you have really bad market expectations and your time horizon is too short.

[biglow]

 пo вceм pынкaм мoжeт быть oткaт и пoтoм yжe pocт дo ближaйщиx пикoв цeны

[adaseb]

Because of the GBTC outflows. If you sum up all the inflows and subtract the outflows from GBTC and BITO which was that Bitcoin future etf, you will see the net flow is $600M after 3 days.

When Bito launched it gained $500M inflows on the first day, and second day was $1000M and pretty much peaked there, a week later bitcoin topped.

[2Pizza410000BTC]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

Not What We Expected We were expecting Bitcoin ETF to go from $50K to $70K if Bitcoin ETF was approved but instead it hit a high of $48969. Since then, the price of Bitcoin has started to slide downwards. Currently, the price of Bitcoin is hovering around $42700. But I think it is unlikely that the price of Bitcoin will go up. Since the bitcoin ETF approval did not increase the price of bitcoin as we expected, do you think the price of bitcoin will increase after the halving?

[riantolie]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

Not What We Expected We were expecting Bitcoin ETF to go from $50K to $70K if Bitcoin ETF was approved but instead it hit a high of $48969. Since then, the price of Bitcoin has started to slide downwards. Currently, the price of Bitcoin is hovering around $42700. But I think it is unlikely that the price of Bitcoin will go up. Since the bitcoin ETF approval did not increase the price of bitcoin as we expected, do you think the price of bitcoin will increase after the halving?

I think it should go up after the halving, just not as fast as some may think. It will take a few months at least.

[Baki202]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

People are now attempting to manipulate the market by using the ETF and halving as additional tools. Investors and Sec did not directly approach them for approval, and even the news they were mentioning was false. I believe they were waiting to see how the news would affect the market before claiming that they had been hacked, but I don't really believe that. Aside from the ETF, the price of bitcoin will still rise this year and set a new record high because that is what happens during every halving.

Not What We Expected We were expecting Bitcoin ETF to go from $50K to $70K if Bitcoin ETF was approved but instead it hit a high of $48969. Since then, the price of Bitcoin has started to slide downwards. Currently, the price of Bitcoin is hovering around $42700. But I think it is unlikely that the price of Bitcoin will go up. Since the bitcoin ETF approval did not increase the price of bitcoin as we expected, do you think the price of bitcoin will increase after the halving?

Their was actually a very high possibility that it will go higher.  And the estimation between 50-70 is correct because the market is just waiting for something to trigger it for does that are yet to buy the window is still open because if the price starts going up then the price will be the challenge for acquiring bitcoin. Since the price now is around 42900.

Their is now way that the price of bitcoin will not go up. During halving it won't increase but after halving their are higher chances that bitcoin will increase in price. Continue holding till when a good profit is made.

[laurenB7742]

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

If the movement of bitcoins can be easily predicted and people will sell bitcoins at high prices, then who will buy those high priced bitcoins? It would be naive to think that once ETFs are approved the price will increase and the whales won't know about it? This is the financial market, my friend, where we take money from each other, not bitcoin that creates money and gives it to everyone for free. The market is like a battlefield, you need to be more alert if you don't want to become prey to others.

[franky1]

for those that are interested
coins locked to ETF's (at previous day to post)

ARK 21Shares (ARKB) : 6544btc
Bitwise (BITB) : 8309btc
BlackRock Inc (IBIT) : 25067.06btc
Fidelity Investments (FBTC) : 10,000btc
Franklin Templeton (EZBC) : 1160btc
Grayscale Investments ($GBTC) : 591,947btc
Hashdex (DEFI) : 400btc
Invesco Galaxy (BTCO) : 3200btc
Valkyrie (BRRR) : 1457btc
VanEck (HODL) : 2000btc
WisdomTree (BTCW) : 75btc

[Maus0728]

for those that are interested
coins locked to ETF's (at previous day to post)

ARK 21Shares (ARKB) : 6544btc
Bitwise (BITB) : 8309btc
BlackRock Inc (IBIT) : 25067.06btc
Fidelity Investments (FBTC) : 10,000btc
Franklin Templeton (EZBC) : 1160btc
Grayscale Investments ($GBTC) : 591,947btc
Hashdex (DEFI) : 400btc
Invesco Galaxy (BTCO) : 3200btc
Valkyrie (BRRR) : 1457btc
VanEck (HODL) : 2000btc
WisdomTree (BTCW) : 75btc

Wow, Blackrock's on the list? That's got to be the weirdest thing that I've ever seen, didn't they have a phobia of bitcoin? Didn't they famously said that bitcoin is a tool only useful for money laundering?  You really can't trust a businessman, not in your lifetime, they just really have a way with their words.

[franky1]

Wow, Blackrock's on the list? That's got to be the weirdest thing that I've ever seen, didn't they have a phobia of bitcoin? Didn't they famously said that bitcoin is a tool only useful for money laundering?  You really can't trust a businessman, not in your lifetime, they just really have a way with their words.

alot of wheat commodity traders think organic natural wheat is the plague seed. and only their patented GMO wheat seed is worthy
so its not a new mindset of crypto, trade-fi has same idiots too