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

[Richbased]

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.

Actually it's gonna have impact on Bitcoin price but gradually as what we are seeing now is as a result of some corrections that are being made that's why the price didn't skyrocket as almost every one thought that after ETFs approval that the price is gonna jump. You know, almost everyone was expecting the price to pump but had it been it was so; a lot of short term investors would have only been interested in selling off their coin since they feel they've made a little profit from their investments rather than hold their coin so definely, bitcoin price will increase but not at a time that everyone will be anticipating.

[EarnOnVictor]

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.

Actually it's gonna have impact on Bitcoin price but gradually as what we are seeing now is as a result of some corrections that are being made that's why the price didn't skyrocket as almost every one thought that after ETFs approval that the price is gonna jump. You know, almost everyone was expecting the price to pump but had it been it was so; a lot of short term investors would have only been interested in selling off their coin since they feel they've made a little profit from their investments rather than hold their coin so definely, bitcoin price will increase but not at a time that everyone will be anticipating.

Bitcoin ETF can't have a further impact on Bitcoin in my opinion, the news that surrounded the filing and the approval/rejection saga at that time was too tense by people and media which was what caused the positive effect we saw and this has been well-priced in. Fine, it is a good development for Bitcoin but at the same time, Bitcoin could be invested in without any issues and the capitalisation will feel it without ETF. Just as it is with the withdrawal of funds from the Bitcoin market, so it is not new about this, and it will continue to follow the right demand and supplies like any other asset and market.

However, what the ETF would only do for some people who are interested (I am not) is that it will ease their investment activities with it but they pay more as well and they will surely commit their money to the hand of a custodial arrangement which Bitcoin itself from the beginning by virtue of decentralization didn't want, and preached against. Also, the price will not be determined by exchanges again but by the new development just as it is in the traditional market. This is not what will per se bring money to Bitcoin but the adoption and effective usage of Bitcoin itself. This is growing over time and will continue to grow with or without ETF.

[thecodebear]

Obviously it'll have a large impact on price over the long term, but because it is all OTC counter buying there isn't a direct immediate effect.

Just saw that the Blackrock ETF alone now has over a billion dollars of Bitcoin in it after just one week! That is likely the most popular of the new ETFs but with 10 other ETFs ya gotta figure it's likely over $2 billion now. The one complication is that Grayscale of course already had something like 700k BTC from its years of being a BTC Trust and it is likely some people in that converted ETF will sell and move to one of the other ETFs that have lower fees. In fact another thread on here had data on that whic said something like half a billion dollars has left Grayscale since the ETFs opened as of a few days ago. So if the other ETFs (let's guess based on the Blackrock numbers) have taken in 2-2.5 billion dollars of bitcoin, the net buying of ETFs in the first week (5 business days) has likely been 1.5-2 billion dollars.


That's a heck of a lot of bitcoin being soaked up in just a week, and it is rising everyday, as blackrock only had $100+ million after one days and under half a billion after three days. But it's all OTC. Eventually there's not going to be enough OTC bitcoins to handle all the ETF buying so OTC sellers are going to have to start getting some of their supply from exchanges to meet the added ETF demand. That is when the price booms.

While it turned out that the ETF, after briefly spiking the price a bit, was a sell-the-news event, once the ETF buying starts drying out the OTC market it'll start affecting the exchange market and ETFs will supply a nice ongoing push for the price. I would guess this positive price effect will start next month as the Bitcoin ETF buying starts getting up to several billion dollars. And of course once the price starts going up you're gonna have the sell-the-news sellers in the exchange market buying back in to boost the price even more. This sell-the-news dip is going to be short lived, though it may last at least through end of this month.

[Jegileman]

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.

For now, with the way the market looks after the approval of the spot bitcoin ETF, the won’t be any significant impact in the market now and that does now also mean that the impact won’t come later. The approval of it that resulted to the crash in price is a good time to hold on to more bitcoin in your portfolio. Bitcoin price dipped and that is the most important time to buy bitcoin and add to your holdings via DCA method that you must have been using earlier.

[New Money]

As soon as Bitcoin spot ETFs were introduced earlier this month, issuers immediately began vying for a share of the market. These ETF products simplify the process for investors to invest in underlying assets, but they also entail management fees for the issuers. However, in the case of Bitcoin spot ETFs, many issuers quickly lowered their fees to draw in Assets Under Management (AUM). The fees vary from 0.2% to 1.5%, and some issuers are even offering a fee waiver for an initial period to boost the attractiveness of their ETFs. For instance, Valkyrie, an ETF issuer, has reduced their fees to a mere 0.25% and is offering a three-month fee waiver following their ETF's launch.

The competitive free market drives these 11 Bitcoin spot ETF issuers to enhance their services, but it remains uncertain how much investment they will pull into the cryptocurrency sector. Anticipation of SEC approval had driven Bitcoin's price from under $30k in October 2023 to over $45k by January 9, 2024. Yet, many anticipated the SEC's final approval by January, leading to a widespread "sell the news" sentiment upon the actual ETF launch. The prevalent theory suggests that by the time the ETFs received approval, this event had already been priced into Bitcoin’s value, potentially causing a price dip as the news became a reality, leaving little room for future positive sentiment. Contrarily, some argue that post-ETF approval, issuers might need to acquire more Bitcoin, potentially exerting upward pressure on its price.

[kennyliang23]

As soon as Bitcoin spot ETFs were introduced earlier this month, issuers immediately began vying for a share of the market. These ETF products simplify the process for investors to invest in underlying assets, but they also entail management fees for the issuers. However, in the case of Bitcoin spot ETFs, many issuers quickly lowered their fees to draw in Assets Under Management (AUM). The fees vary from 0.2% to 1.5%, and some issuers are even offering a fee waiver for an initial period to boost the attractiveness of their ETFs. For instance, Valkyrie, an ETF issuer, has reduced their fees to a mere 0.25% and is offering a three-month fee waiver following their ETF's launch.

The competitive free market drives these 11 Bitcoin spot ETF issuers to enhance their services, but it remains uncertain how much investment they will pull into the cryptocurrency sector. Anticipation of SEC approval had driven Bitcoin's price from under $30k in October 2023 to over $45k by January 9, 2024. Yet, many anticipated the SEC's final approval by January, leading to a widespread "sell the news" sentiment upon the actual ETF launch. The prevalent theory suggests that by the time the ETFs received approval, this event had already been priced into Bitcoin’s value, potentially causing a price dip as the news became a reality, leaving little room for future positive sentiment. Contrarily, some argue that post-ETF approval, issuers might need to acquire more Bitcoin, potentially exerting upward pressure on its price.

A week after Bitcoin ETFs Approval, why prices of many coins/tokens decreased?

[pawel7777]

A week after Bitcoin ETFs Approval, why prices of many coins/tokens decreased?

It will take some time for the demand for spot ETFs to affect Bitcoin's price. Most, if not all, of the newly approved ETFs either already had their own bitcoins to offer to the first wave of investors, or they had over-the-counter deals with Coinbase (or maybe other entities) to purchase btc from them outside of normal exchange (so with no impact on the price).
At the same time, a lot of speculators start dumping, following the "buy the rumours, sell the news" tactic. Hence the price drop.

[Distinctin]

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.

While others have concluded that bitcoin ETF does not actually brings an advantage for bitcoin, I prefer to just believe that most probably, bitcoin ETF is still working on its process so it can offer opportunities and advantages to all bitcoin investors. This might not be possible this year, but hopefully in the long run we won’t be regretting that bitcoin ETF has finally approved.

Bitcoin price crash has nothing to do with bitcoin ETF, but most likely it’s high volatility. So we don’t have to blame this ETF for the current price crash, bitcoin has its due time when to rise high and when to drop its price.

[gunhell16]

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.

That has an impact; we won't feel it right away because the approved institutional companies that gave their applications still have compliances that must be submitted to the SEC, as far as I know, if I'm not mistaken.

So instead of thinking about the impact of that ETF, we should continue what we started to accumulate: Bitcoin and other cryptocurrencies that can give us big profits or savings in the future. Let's just wait for a few periods to see the impact of the result of this ETF after the approval of the SEC.

[armanda90]

While others have concluded that bitcoin ETF does not actually brings an advantage for bitcoin, I prefer to just believe that most probably, bitcoin ETF is still working on its process so it can offer opportunities and advantages to all bitcoin investors. This might not be possible this year, but hopefully in the long run we won’t be regretting that bitcoin ETF has finally approved.

Bitcoin price crash has nothing to do with bitcoin ETF, but most likely it’s high volatility. So we don’t have to blame this ETF for the current price crash, bitcoin has its due time when to rise high and when to drop its price.

Almost one week after ETF Bitcoin approval not bring positive impact for bitcoin raise to higher price, like an hype awhile only with bitcoin raise up drastically until $47k and can't stable for longer time before bitcoin getting down price under $41k right now. ETF bitcoin finally approved but we can see the result with approval not bring positive yet with bitcoin keep stable on lower price and very difficult raise up to higher price since ETF Bitcoin approval announced.

I think have difference with bitcoin keep stable on lower price without announcing about ETF approval, has possibility with bitcoin will raise above $50k in short time exactly left few months before halving and bitcoin price will make close with All time high price but ETF approval change our dreaming for bitcoin return back to higher price.

[nimogsm]

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.

That has an impact; we won't feel it right away because the approved institutional companies that gave their applications still have compliances that must be submitted to the SEC, as far as I know, if I'm not mistaken.

So instead of thinking about the impact of that ETF, we should continue what we started to accumulate: Bitcoin and other cryptocurrencies that can give us big profits or savings in the future. Let's just wait for a few periods to see the impact of the result of this ETF after the approval of the SEC.

Because this was more a step towards legalization and recognition in the large financial sector, which is already good. Yes, the fact that the price did not immediately increase disappointed many, but it was predictable, this is just the first step, then more and more funds will join if the result satisfies them .And our task now is to continue to accumulate our reserves in this you are absolutely 100% right

[naikturun]

I also think so, and I also don't think it will be as imagined, I mean if Bitcoin ETF is accepted it won't immediately have a good impact, because the movement can be read, I think there are some whales playing with the price by selling it and making it seem like the price of Bitcoin is not affected by the news .
The point is that news can manipulate the market in the short term.

[cryptoknightt]

Yes, of course, any related news, especially direct news like this, will have an effect on the entire crypto market.
Even though it is not visible directly, in the short term you will see market action regarding it, for example the market response when it found out that the Bitcoin ETF had been rejected, and the market fell briefly, although then it returned to normal.

[FanEagle]

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.  

Those big corporations with big deep pockets going into bitcoin will definitely have something benefiting us. I know that its not going to be all that simple, and I know that it will take a while to make that work, yes it is not that simple, but at the end of the day we are talking about people who are having some sort of situation that doesn't really feel like a big deal to me. I know its not that simple, and I know that it will have some problems when all that much money comes in all at once, and if there are any corrections afterwards, it will be brutal for many investors as well.

But, I do see the long term results of this to be great and should be something that we could all enjoy and feel happy about, because the price will go up.

[mich]

Well I think we all did think the ETF was going to have a impact on price of Bitcoin. We knew there was going to be some correction but not a bad one like it is now.

Bitcoin price is down 20% since ETF trading did begin this month. https://www.bnnbloomberg.ca/bitcoin-has-dropped-about-20-since-landmark-us-spot-etfs-began-trading-1.2025163

[rodskee]

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.

For a while there is no effect or if there is something and that is dumping because the market is
showing badly since yesterday and shows more on happening today that may continue till the whole week ,
expecting the fall down to 30k again,.

[yohananaomi]

For now, with the way the market looks after the approval of the spot bitcoin ETF, the won’t be any significant impact in the market now and that does now also mean that the impact won’t come later. The approval of it that resulted to the crash in price is a good time to hold on to more bitcoin in your portfolio. Bitcoin price dipped and that is the most important time to buy bitcoin and add to your holdings via DCA method that you must have been using earlier.

This is a real thing after the ETF approval and almost accumulating a lot of BTC, but what happened was that the price actually corrected. It seems you are right that there was no significant impact, but is it true that in the future it really won't have an impact, even as you said for a later time? I think of course we will see later, and it is difficult to predict.I think that when it is corrected, it is the right time to continue buying with whatever scheme you can do. As your suggestion with DCA suggests, it will really determine the amount of savings you have.

[|MINER|]

ETF approval will must effect like what is happened on the others cases. But expecting skyrocking price will not be happening. For seeing prover effect it will takes time. But if you see the investment on bitcoin is increasing a lot after the ETF approval and what is Why we are also seeing the changes on volume. So take the opportunity investment on bitcoin for long term to gain some good profit on the next bull run after the halving season.

[JariKriting]

After the bitcoin ETF was approved, the price did not skyrocket but instead fell. so the interest of bitcoin users regarding ETF is not too big. wait until after the new bitcoin halving will go up high. maybe wait until 2025 to see the effect of bitcoin halving on the price of bitcoin.

[fuguebtc]

ETF approval will must effect like what is happened on the others cases. But expecting skyrocking price will not be happening. For seeing prover effect it will takes time. But if you see the investment on bitcoin is increasing a lot after the ETF approval and what is Why we are also seeing the changes on volume. So take the opportunity investment on bitcoin for long term to gain some good profit on the next bull run after the halving season.

Yes, everything takes time, we cannot ask bitcoin to skyrocket immediately after the ETF is approved. People were too greedy and paid a heavy price for placing too much hope in ETFs that would help bitcoin fly to the moon when the ETFs were only approved in less than 2 weeks. Furthermore, I believe this will happen again when the halving happens, people are repeating the mistake that bitcoin will increase in price immediately when the halving occurs. But they don't know that it has never happened in the past, the bull season will only come a few months or a year after the halving takes place. I believe that when the halving happens, we will see many people whining and expressing disappointment in the same way people are disappointed with ETFs.