SPOT bitcoin ETFs popularity : Will it result in ATH before end of 2024 ?

[krishnaverma]

As per the news

https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/

SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?

[Charles-Tim]

It would have been better if it was generalized and not only referring to United States spot bitcoin ETF to be the reason for the coming all-time high. This is an appropriate time for bull run and not just about ETF. I also think positive news contributed in this also. All I noticed was the positive news everywhere about bitcoin price will be increase speculations everywhere.

[franky1]

blackrock is definitely in moves to strengthen its position of the ETF market, part of it was to solidify its relationship with coinbase, getting coinbase to be more transparent and accountable in regards to the custody of the etf coins.
i beleive coinbase has met blackrocks standards and gained better relations in recent days, so that blackrock can now move forward and increase its holdings to offer out to the secondary market of blackrock etf shares

this means blackrock gets to sell more shares and use those initial share sales income to buy more coin, rinse and repeat

they want to do some serious deals while prices are near value before the 2025 ATH pump. so we will see some price movements but its still not quite time to see a 2024-2028 ATH peak this year, we will still see the ultimate ATH in 2025

[retreat]

As per the news

https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/

SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?

No. Just because ETF transactions are increasing, it does not mean that Bitcoin will be affected by it, because ETFs are launched by providers with almost the same supply as Bitcoin but with less backing. Unless these ETF providers buy Bitcoin in the amount their users are trading, it might affect the Bitcoin market, but that is unlikely, because these providers buy less Bitcoin than they should and claim that their services offer more secure and guaranteed Bitcoin trading.

[Baofeng]

To some extend, it might be one factor why the price is going to set a new all time high. We have a lot or huge players in the market. So with that they can really influence the price. As reported, it has been in the tune of $2.x Billion and it can growth further.

But as I have said, this is just one parameter that we should look, for me the biggest inflow could be coming from retail investors, the average joe like the majority of us who keeps on doing DCA in this cycle and will continue to do so, until we reach that 6 digits that we all have wanting to see.

[franky1]

To some extend, it might be one factor why the price is going to set a new all time high. We have a lot or huge players in the market. So with that they can really influence the price. As reported, it has been in the tune of $2.x Billion and it can growth further.

the ETF deals are handled on a OTC market(of coinbase), which does trickle down to effect the public CEX markets. so it will cause movements, however the elites also have other reserves on the cex markets and they do arbitrage trading across the markets in a circular wash process to control the price so that they dont allow it to go too high too soon.
their bots are still working on algos that dont work when the price peaks above $75k as there is then no historic data of patterns above $75k to plan trades on so they wont want the price to go over $75k too soon as they cant then bot trade for temporary profits, and instead then have to just let the markets play out and go into natural movements until the correction.. so they dont want it happening too soon. they want to maximise profits while the price is low before the predicted 2025 ath

[348Judah]

SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?

Since bitcoin can achieve a height of $65,000 by now despite the recent dip that thrown it to around $52,000 dip, we should expect more for all time high between now and the end of the year as the market remains volatile, all these were happening because of the post halving and bitcoin spot ETF experience, even if we couldn't realize this now, it is what we know can come to happen at any point in time.

[DeathAngel]

SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?

We are only $8000 away from a new ATH. We had 6 months of consolidation with bears attempting to push the price lower. I think there’s a very good chance that we see a new ATH before the end of the year, yes. As you say, Spot ETFs are very popular, they will bring a lot of capital into Bitcoin that hasn't had access until now. We are going much higher

[PrivacyG]

While this definitely helps, I doubt it will be THE thing leading to an All Time High.  It happens every four years and while there is always a 'trend' being during that time frame, it does not mean it is the trend doing the charm.  An All Time High around the end of 2024 is pretty much to be expected around this point in time.  It has been the course of every cycle, it would not be weird if this repeats now.

[coolcoinz]

Yes, ETFs are popular, but is this really good for Bitcoin in the long run?

The way I see it, let's say they keep growing for another 4 years. After the next halving we'll probably see $300-500k bitcoin and a lot of OG holders, people who bought before the 2017 bull market will have sold their coins. Where will that coins be? All in one place, for instance held by Coinbase on behalf of an ETF.

How much will they hold at that point? 10%?

How will the distribution look?

30% lost, 10% held by ETFs, another 10% in hands of large institutions and only 10m held and traded with less than 1m left on exchanges?

[franky1]

Yes, ETFs are popular, but is this really good for Bitcoin in the long run?

The way I see it, let's say they keep growing for another 4 years. After the next halving we'll probably see $300-500k bitcoin and a lot of OG holders, people who bought before the 2017 bull market will have sold their coins. Where will that coins be? All in one place, for instance held by Coinbase on behalf of an ETF.

How much will they hold at that point? 10%?

How will the distribution look?

30% lost, 10% held by ETFs, another 10% in hands of large institutions and only 10m held and traded with less than 1m left on exchanges?

the ETF's wont be doing the BUY HIGH of a ATH, they want to do the buy LOW of pre ATH and POST ATH(correction)

what will happen is that there are regions of the world where mining costs of now (650exa average) whom if mining in certain regions using the latest gen asics would have a mining cost of upto $300k, so those regions would still be willing to buy coin on the market upto $300k and still feel like a discount compared to mining
it would be those regions of individuals that would buy on the market to push the market to that level of 2025 ATH of todays estimate of $300k, and they would hoard that coin until the next market cycle (where mining difficulty and competition raises the underlying value & price after the correction 2026 2027) to the next cycles ath after 2028

however the ETF's are trying to only buy now at their own discount of under $70k of this cycle to hoard enough to cover the needs and demands of shares of current economics and have excess to meet the needs of near term economics until the next buying opportunity of the correction lows of 2026-27.. they are not likely to be part of the price push to ATH of $300k, they will pull out far before that knowing they can buy in the correction period

..
in short the guestimate is coins sold at say $150k plus before 2027 will be hoarded by new individual investors waiting for next cycle, where as coins sold below $150k would be savvi opportunist investors & etf's.. so not all coin sold in the oncoming bull will go to etf's