Bitcoin Spot ETF

[Riberet19]

A few days ago came to light the news about the request of Blackrock (the most powerful and largest asset manager in the world) of an ETF in spot for Bitcoin to the SEC, now Fidelity has said that it wants to do the same by joining the ETF trend, you believe that with the current war against cryptocurrencies that the SEC and the US are having will this ETF be approved? and what it could mean in the long term for Bitcoin, the crypto industry and therefore the price.

 

[Nomad]

If you are following news related to the United States Security Exchange Commission, you will understand that the chief of SEC favors Bitcoin over all other cryptos. Therefore, I believe Backrocks application to launch Bitcoin ETFs might be approved. If that really happens, we can see a boom in the crypto market.

 

[Riberet19]

If you are following news related to the United States Security Exchange Commission, you will understand that the chief of SEC favors Bitcoin over all other cryptos. Therefore, I believe Backrocks application to launch Bitcoin ETFs might be approved. If that really happens, we can see a boom in the crypto market.

Well currently everything was left a bit in the air after the SEC said that the ETF suggestions were not entirely clear, now it seems that Blackrock has returned to the charge offering Coinbase as part of the project and as custodian of the assets, we will see what happens.

 

[Nomad]

Well currently everything was left a bit in the air after the SEC said that the ETF suggestions were not entirely clear, now it seems that Blackrock has returned to the charge offering Coinbase as part of the project and as custodian of the assets, we will see what happens.

Yeah, I have read the news. SEC says the application is not adequate. This news has not brought the crypto market a little bit down. WE can expect the market to go up by the end of this year as some presidential candidates are vouching for crypto.

 

[Heatman]

Yeah, I have read the news. SEC says the application is not adequate. This news has not brought the crypto market a little bit down. WE can expect the market to go up by the end of this year as some presidential candidates are vouching for crypto.

SEC can be a big pain in the butt. They are doing everything possible to clamp down on cryptocurrency. They should just take it easy with all the pushes and shoves that's been going on against cryptocurrency. They sued Coinbase not long ago.

 

[Riberet19]

SEC can be a big pain in the butt. They are doing everything possible to clamp down on cryptocurrency. They should just take it easy with all the pushes and shoves that's been going on against cryptocurrency. They sued Coinbase not long ago.

Maybe this is just a ploy by the SEC to try to get as many investors as possible out of the ecosystem or to try to get crypto under control before another bull market, we will never know what they are up to, but we really can't do much against this, just speculate, a fact that seemed curious to me is that the SEC has to give an answer about the BTC ETFs at the latest in March 2024, 1 month before of the halving, a bit suspicious.

 

[Billy]

Blackrock and Fidelity's interest in filing for Bitcoin ETFs highlights a growing trend of major financial players exploring the cryptocurrency space. The SEC's cautious approach to cryptocurrencies has previously led to rejections of ETF proposals. However, the approval of a Bitcoin ETF could open up easier access for traditional investors and boost demand and the price of Bitcoin. It could also enhance the legitimacy of cryptocurrencies and drive further interest from institutional investors and the public. Nevertheless, regulatory decisions can be unpredictable, and investors should closely monitor developments before making investment decisions in the crypto industry.

 

[Riberet19]

In the end not much more has been known about the Bitcoin spot ETF and it seems that it was only an event planned to cause FOMO and be able to take benefits, I do not mean that the Bitcoin ETF will not be approved in the next few years, but I find it very strange that it has already passed into the background and nobody talks about it, while the crypto market continues to slowly decline.