Will the bitcoin ETF have any impact on the bitcoin price?

[NeuroticFish]

We can see the price crashing since its release.

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

[1714944572]

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[1714944572]

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[dragonvslinux]

Give it a few months and it'll have an impact on price imo, as it's an on-ramp with genuine BTC buying pressure potential, but these things take time, and until then it won't "help" price what so ever. Only complete degens buy into ETFs or related product/stocks on launch, the rest of the crowd sensibly take a "wait and see" type approach, at least until price action is positive instead of negative. Many expected a "god candle" or major pump with this launch, but clearly they forgot that they were dealing with Wall St, who'd much prefer to wait for a 50% drop before investing than buying product launches.

The positive is that the halving is only a few months away, and if history repeats itself, this will likely bring about price stability (even if in a boring sideways manner). This will in turn be positive for the ETFs once price stability is established, and could well encourage considerable demand for such products now they are readily available. I'm potentially more optimistic over the 2024/2025 bull run than that what occurred in 2021, mainly because there is an institutional on-ramp for large scale investment, unlike in 2021. So if Bitcoin is to return to a $1 trillion valuation, and higher, then it'll be based on having products available like ETFs.

I'd argue that in hindsight the upside potential was "capped" predominantly by retail investment and hedge funds, so anything over $1T was unsustainable.

[dunfida]

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

SELL THE NEWS!
BUY THE RUMOR!

Its always been like this and this had been that a common action that most traders/investors would really be doing. Lots of had been anticipating for Bitcoins price to shoot up high or reaching out on new ATH
when ETF is going to be approved but look at on what happened? We are seeing the different scenario or situation as of this moment on which they had made those long positions and bullish ones left hanging. 
Come to know that there are even those sudden hack and made out some false post about approval and then its been deleted and telling that they've been hacked. LOL!

Now that the price is really that playing around 40k+ up then i dont see for this to be a major drop down. It is really just that people are really that anticipating or really
that expecting way too high in regarding on the potential price without even trying out to think on what are the probable situations that they could really
be able to encounter into this manipulative space.

[ShowOff]

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

SELL THE NEWS!
BUY THE RUMOR!

Its always been like this and this had been that a common action that most traders/investors would really be doing. Lots of had been anticipating for Bitcoins price to shoot up high or reaching out on new ATH
when ETF is going to be approved but look at on what happened? We are seeing the different scenario or situation as of this moment on which they had made those long positions and bullish ones left hanging. 
Come to know that there are even those sudden hack and made out some false post about approval and then its been deleted and telling that they've been hacked. LOL!

Now that the price is really that playing around 40k+ up then i dont see for this to be a major drop down. It is really just that people are really that anticipating or really
that expecting way too high in regarding on the potential price without even trying out to think on what are the probable situations that they could really
be able to encounter into this manipulative space.

The market needs time to get a positive response from large investors after the approval of the bitcoin ETF. It may take several months before prices actually rise, so I agree that ETFs do not have an immediate impact on prices even if the fundamentals are considered good. Moreover, the bitcoin halving will occur in a few months, so maybe this will be a benchmark for investors before carrying out further accumulation.

In anticipation of larger price spikes, holders should know what they should do now. Yes, accumulation and DCA are things they should consider rather than letting the portfolio stay the same over the long term.

[TimeTeller]

We can see the price crashing since its release.

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

Just think about it, fake news about approval btc ETF already gave a sudden surge in its price.
What more if there will be a lot of crypto ETFs' approval? That would give a very good hype in this market.
For sure, a lot will jump on the bandwagon, even noncrypto users will dip their hands on this.
And as the halving is near again, it would surely further contribute to its price growth.

[beerlover]

We can see the price crashing since its release.

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

That seems to be the case here as well. Most people are reacting like this is a big deal but in reality we have to just realize that this isn't as big as you think it is, and we should consider this as normal. I understand that we are not going to get to see anything that would be out of ordinary. Bitcoin price going super high and super low all within a week is something we need to get used to, it is not really a new thing, it is not that complicated, we should be considering that normal.

Some people are still not used to it, some because they are newbies, some because they are not emotionally controlled people and they all end up having some sort of different reactions to it. I believe that we should be clam when this happens.

[Alpha Marine]

In my opinion, prices are currently fair. If there is a decrease, the price is undervalued, and this is a golden opportunity to buy. If there is an increase, we will not go far. We may see 50k. We are still at the beginning of a bull market, so there is no fear of a downward curve.

I see any dip in price right now as a very big opportunity for people who want to invest. Like you said this is the beginning of the bull run and if the price depreciates now it's kind of a good thing. Bitcoin has the potential of reaching up to 70k or above this year so buying Bitcoin at $42k is a big win.

[adaseb]

Today I am pretty sure there was more net outflows from the etfs than inflows. This is mostly due to GBTC, according to the filings, they sold another $600M or so. So if you compare the volumes for the rest you will find that more was outflows than inflows today.

I think when they finally stop selling then we will get some nice momentum to the upside but with all this massive selling I think we will chop around and eventually head lower to the $30Ks due to all this sell pressure.

[Sebas.tian]

We can see the price crashing since its release.

But this is not the first time the price of Bitcoin is crashing in the crypto market, and you know that any opportunity that appear in the market buyers and sellers always use it to position themselves either buying Bitcoin and hold for future purpose or sell in the bullish season to make income. Since the ETF just newly approved in the crypto market, I think there will be positive effect before the end of this year 2024 so that investors will begin to see what they have never see before in their holding.  Since people are still buying Bitcoin and companies that bought before are still ready to buy more and hold for the price to increase higher speedily so that they can start supply to the market to earn well.

[justdimin]

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

That seems to be the case here as well. Most people are reacting like this is a big deal but in reality we have to just realize that this isn't as big as you think it is, and we should consider this as normal. I understand that we are not going to get to see anything that would be out of ordinary. Bitcoin price going super high and super low all within a week is something we need to get used to, it is not really a new thing, it is not that complicated, we should be considering that normal.

Some people are still not used to it, some because they are newbies, some because they are not emotionally controlled people and they all end up having some sort of different reactions to it. I believe that we should be clam when this happens.

The fact that the price is dropping in an understandable manner, to a point where it just gets a correction back to what it was, is the reason why we should not be worried about it. If the price dropped anything below what we have seen so far this year, like a new yearly low, then maybe we will consider it, and that has to be under 40k, so the moment you see 39999 price then maybe you could worry, I wouldn't worry even then, I would just consider that a good buying price, but not everyone has to be like me.

However, if we are certain that we are going to get a good result, then these type of small corrections should not put us out of our way. I know that we are going to end up with a much better statement if we could probably do that.

[Minor Miner]

Today I am pretty sure there was more net outflows from the etfs than inflows. This is mostly due to GBTC, according to the filings, they sold another $600M or so. So if you compare the volumes for the rest you will find that more was outflows than inflows today.

I think when they finally stop selling then we will get some nice momentum to the upside but with all this massive selling I think we will chop around and eventually head lower to the $30Ks due to all this sell pressure.

What is happening in the market in recent days is "buy rumors, sell truth" and this has also been warned a lot before the ETF was approved. But most investors don't believe that, so they are disappointed when bitcoin prices continue to fall and show no signs of stopping.

But I think even if these funds sell all their bitcoin it won't cause bitcoin to drop to $30k even though then it would be a good time to buy bitcoin but I think that won't happen.

[dunfida]

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

SELL THE NEWS!
BUY THE RUMOR!

Its always been like this and this had been that a common action that most traders/investors would really be doing. Lots of had been anticipating for Bitcoins price to shoot up high or reaching out on new ATH
when ETF is going to be approved but look at on what happened? We are seeing the different scenario or situation as of this moment on which they had made those long positions and bullish ones left hanging.  
Come to know that there are even those sudden hack and made out some false post about approval and then its been deleted and telling that they've been hacked. LOL!

Now that the price is really that playing around 40k+ up then i dont see for this to be a major drop down. It is really just that people are really that anticipating or really
that expecting way too high in regarding on the potential price without even trying out to think on what are the probable situations that they could really
be able to encounter into this manipulative space.

The market needs time to get a positive response from large investors after the approval of the bitcoin ETF. It may take several months before prices actually rise, so I agree that ETFs do not have an immediate impact on prices even if the fundamentals are considered good. Moreover, the bitcoin halving will occur in a few months, so maybe this will be a benchmark for investors before carrying out further accumulation.

In anticipation of larger price spikes, holders should know what they should do now. Yes, accumulation and DCA are things they should consider rather than letting the portfolio stay the same over the long term.

For those who dont have knowledge or having that experience then for sure they would really be having this kind of impression on which that ETF approval turns out to be shit, but for those people who are really that
having some experience on how market works and how it behaves and other fundamentals then they would really be normally be trying out to assume that positive effects of this ETH approval might take up some time.
Now that the price is really that having some correction or retracement but i wont be shocked if this one would be easily breaking 50k-60k on this year or few months later.
We do really just need up some another positive catalyst which would really be pushing up the price goes higher but well we do know on how this market behaves or works.

Lets just see on how it would really be able to make that huge effect into this market now that intitutional funds are really that flowing into but i wont really be shocked
if there would really be some obvious manipulative kind of acts.  

[pawel7777]

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

Crash, if you can call it that, was likely due to people "buying the rumours and selling the news". i.e. those who loaded up earlier when approval of ETFs was uncertain are now taking their profits. Many will be looking to buy back at lower levels.

As for the actual, non-speculative, impact of ETFs - this will be delayed in time. Current demand is probably mostly satisfied with over-the-counter (OTC) deals (e.g. Coinbase's own stash) or bitcoins acquired earlier by the ETFs issuers. Once those run out, they'll have to start buying on the market, driving the price up.

[CODE200]

Definitely, I think that anything that has bitcoin on it's name and it's being connected to the government, it's definitely going to have some form of impact to the price of bitcoin and I think that the impact on this one is definitely a positive one because those that got approved to sell their ETFs to investors are definitely going to sell it like they sell stocks, they're going to need a lot of investors for these to make them a bunch of profit. It will take a long time though as any other good things out there, there's no way that the impact is immediate right? While waiting, might as well buy more bitcoin to get as much value as you can when the price goes up in the future.

[Davian144]

I see any dip in price right now as a very big opportunity for people who want to invest. Like you said this is the beginning of the bull run and if the price depreciates now it's kind of a good thing. Bitcoin has the potential of reaching up to 70k or above this year so buying Bitcoin at $42k is a big win.

I also think that buying at this time is still a very appropriate time if we remember the potential and achievements that are very possible for Bitcoin this year. Because after the halving moment is over, usually Bitcoin and market conditions will continue to improve and that is certainly not wrong for everyone to hope for, especially buyers at the current price of $42K. And I also believe that the price of $70K could reach this year if the decline is not big enough and the movement can start from the current price.

[Rabata]

In my opinion, prices are currently fair. If there is a decrease, the price is undervalued, and this is a golden opportunity to buy. If there is an increase, we will not go far. We may see 50k. We are still at the beginning of a bull market, so there is no fear of a downward curve.

I see any dip in price right now as a very big opportunity for people who want to invest. Like you said this is the beginning of the bull run and if the price depreciates now it's kind of a good thing. Bitcoin has the potential of reaching up to 70k or above this year so buying Bitcoin at $42k is a big win.

The current Bitcoin price movement is very critical at the moment, with many speculating that the Bitcoin price may once again head lower before the upcoming halving. But it is not surprising. Because Bitcoin has already shown this image before. But the positive side is that the market is stable at the moment and provable halving will be held in July we might get a few months before that but in the meantime everyone will be trying to keep as many bitcoins in their bags as possible. As ETFs are approved investments obviously will increase.

Moreover, we cannot specify anything in the trading platform except prediction. Always keep up to date with market analysis. In this moment it is better to be prepared for bull run.

[kawetsriyanto]

We can see the price crashing since its release.

It have increased to pass $48k before it is crashing now. Although the increase was very short time, it was also the impact of Bitcoin ETF.

I would think that it will take a while for the ETF's to have any impact because they were just released.

Yep. We can't expect the Bitcoin ETF approval to bring instant impacts to Bitcoin price. We also must realize that Bitcoin already increased constantly in the last few weeks, it needs time for correction. In theory, Bitcoin ETF approval may boost the Bitcoin price but there are many other factors to influence the price as well. Market manipulation also can be the reason why there is no significant impact on the Bitcoin price. Or the price becomes quite stable because the investors prefer to see and wait first, they are analyzing the possibility of dumps before the Bitcoin halving.

[Dave1]

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

Crash, if you can call it that, was likely due to people "buying the rumours and selling the news". i.e. those who loaded up earlier when approval of ETFs was uncertain are now taking their profits. Many will be looking to buy back at lower levels.

As for the actual, non-speculative, impact of ETFs - this will be delayed in time. Current demand is probably mostly satisfied with over-the-counter (OTC) deals (e.g. Coinbase's own stash) or bitcoins acquired earlier by the ETFs issuers. Once those run out, they'll have to start buying on the market, driving the price up.

Perhaps it was just a minor dip, because as you have said, they buy the rumor, sell the news and many fall for that trap or trick. Nevertheless,  still good to hear that those ETF's are finally approved, at least we can move on and wait for the halving now as this is the most important events to follow.

Of course, the effect might be delayed, but I speculate that once the halving is done and we commence a bull run, many are going to FOMO on the ETF and it could be the biggest factor for this bull run this year or at least this cycle going into $100k or more.

[STT]

The greatest and most genuine long lasting effects do accumulate over time.  What we often note loudly and believe lasts is just hype and froth from speculative moves often using leverage.   Not quite net sum trades but we have to be ready for every move up to equalize and move down just as much resulting in no gain at all because thats how a rollercoaster works.  It is the trick of the fun fair that somehow we are surprised every time by this new and amazing ride but none of it is new besides some news basically we should know better and we dont.   There is a gain but its slower then we'd like, this entire year is the gain most likely Im not sure if all we gain 2024 has already been described in that run up for 48k, I guess more then that.
  ETF is like an extra bit of involvement by the masses, another door open to those that want.

[pawel7777]

Of course, the effect might be delayed, but I speculate that once the halving is done and we commence a bull run, many are going to FOMO on the ETF and it could be the biggest factor for this bull run this year or at least this cycle going into $100k or more.

I don't think all the big players like Blackrock would even bother with filing that ETF application if they didn't know there will be a big demand for it. So I'm fairly confident that this will have a significant effect, even if it's stretched over a longer time.
And if the demand for all those ETFs overlaps with the "normal", post-halving pump (resulting from the 4-year cycle pattern) then breaking the $100k barrier sounds very plausible.