Bitcoin ETF approval

[NikeFit_7777]

News of the approval of a Bitcoin ETF can really move the market and spark increased investor interest. However, it is important to remember that the cryptocurrency market is subject to high volatility and results may be unpredictable. Let's wait and see what changes will happen after the approval of the Bitcoin ETF, and what factors will influence the price of Bitcoin in the long term. You should always exercise caution and do your own research before deciding whether to enter the market or not.

Nothing particularly interesting. Most likely the price was already included in this news. On Fomo, they raised the price from 16,000 to 40,000 to make it scary to buy. And then the scripted acceptance of the bitcoin ETF. Ideally, next should be the adoption of ETF-ETH. (My understanding).

P.S. The crowd is in a positive mood. Any news will be a plus for the growth. And if the SEC, will be fueled by positivity. 

[pawel7777]

P.S. The crowd is in a positive mood. Any news will be a plus for the growth. And if the SEC, will be fueled by positivity. 

Not really. Approval of ETFs didn't cause any major rally and the price stayed flat (as all was already priced in). One of the trading rules go something like: "if good news don't cause the price to go up, bad news will make it go down". And you can't ask for any better news than the approval.
So all the speculators who "bought the rumour to sell the news" are now keeping their fingers on the trigger and many start selling, which I think we might be witnessing right now with BTC dropping to £43.5k and if we get any bad news, the dump will accelerate.

[alltalk]

I think sec has approved the first bitcoin ETFs
 https://www.ft.com/content/443b2589-0a4a-48ef-872e-3cd52b1b297d
Hope this isn't another compromising becaus it's as really affected market price in positive way

Yep. Bitcoin ETF was already approved by SEC. It is official, Gensler announced it. You can read through this link: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023.

Well, we all expect that this approval will trigger the price of Bitcoin increasing significantly. But I see the price of Bitcoin dropped, I don't know why it is the opposite of what everyone expects. Is this market manipulation made by whales? 

[pawel7777]

Well, we all expect that this approval will trigger the price of Bitcoin increasing significantly. But I see the price of Bitcoin dropped, I don't know why it is the opposite of what everyone expects. Is this market manipulation made by whales? 

It's simple. The approval of ETFs was already priced in. Many speculators went with the "buy the rumours, sell the news" tactic. They were buying as soon as applications for ETFs were filed with the intention to sell when they were approved. And that's exactly what's happening now.
The ETFs will have a positive effect on the price (potentially very significant), but we won't be seeing it immediately, it will be spread over time.

[NikeFit_7777]

Not really. Approval of ETFs didn't cause any major rally and the price stayed flat (as all was already priced in). One of the trading rules go something like: "if good news don't cause the price to go up, bad news will make it go down". And you can't ask for any better news than the approval.
So all the speculators who "bought the rumour to sell the news" are now keeping their fingers on the trigger and many start selling, which I think we might be witnessing right now with BTC dropping to £43.5k and if we get any bad news, the dump will accelerate.

I think positively (at least I try to). In general, we have been duped (filigree) and for the umpteenth time. I wouldn't be surprised if they lower the price and say "you know, bitcoin is too volatile and insecure". Note, even with posts on social network X you can crash 1 cryptocurrency.

Question.Does anyone know if an ETF that has already been accepted might be rejected? It's clear that there's a lot of money to be made on this news. But overall, not so good.

[pawel7777]

Question.Does anyone know if an ETF that has already been accepted might be rejected? It's clear that there's a lot of money to be made on this news. But overall, not so good.

No, the approved application cannot be rejected. SEC could force an ETF to close (or more likely impose penalties on whoever is running it) if they stop complying with the rules and regulations.
Anyhow ETFs are already trading and the revenue was allegedly $4.6 billion in the first day as per Reuters:
https://www.reuters.com/technology/spot-bitcoin-etfs-start-trading-big-boost-crypto-industry-2024-01-11/

[gunhell16]

There are news circulating concerning bitcoin ETF approval, that sec as approved bitcoin ETF after how many years of rejection. And this is indeed a good news now we expecting bitcoin price to surge.
Hope it's goes as our expectations.

Links: https://twitter.com/SECGov/status/1744829327294837236?s=19

To be honest, it's been almost a decade since there's been rejection every time there's been a Bitcoin spot ETF. And many almost entire communities are also expecting highs here in this spot, etc. The only mistake of others who expected high prices in Spot etf when approved is that the price value of Bitcoin will rise immediately.

But that's not what happened; instead, if we look at the same day that the Bitcoin spot Etf was approved, it seems like the Bitcoin price didn't react like that in the market; it even dropped even more today, around 42k$ more, which means that Bitcoin is really hard to read in which direction its market value is going.

[NikeFit_7777]

No, the approved application cannot be rejected. SEC could force an ETF to close (or more likely impose penalties on whoever is running it) if they stop complying with the rules and regulations.
Anyhow ETFs are already trading and the revenue was allegedly $4.6 billion in the first day as per Reuters:
https://www.reuters.com/technology/spot-bitcoin-etfs-start-trading-big-boost-crypto-industry-2024-01-11/

You don't believe in manipulation? Remember what happened the day before the ETF was officially accepted. We are being lied to + manipulated.

Gary Gensler is a man who knows everything in advance and makes big decisions. Wouldn't be surprised if he gets arrested for insider trading. Understand, it is to absolutely no one's advantage that everyone makes money here. There is a statistic for a reason that out of 100% only 10% manage to make a profit. And this is not a joke.

You think nothing like this will happen with the adoption of spot ETF-ETH? You'll see, they will manipulate the news again. 

[Gurujebs]

Nothing particularly interesting. Most likely the price was already included in this news. On Fomo, they raised the price from 16,000 to 40,000 to make it scary to buy. And then the scripted acceptance of the bitcoin ETF. Ideally, next should be the adoption of ETF-ETH. (My understanding).

P.S. The crowd is in a positive mood. Any news will be a plus for the growth. And if the SEC, will be fueled by positivity. 

I don't think so. The recovery of the $16k journey happen own it own and then to $23k, that was when Microstrategy came in and bought more in those area before the price when to $32k which was technically a retracement of the all time high before it came down to $25k, it was there for a long time before the price was move by the ETF applications SEC was receiving from different money managers and then to the Euphoria brought us where we are right now.

Right now, the ETF is Price in; any news that is coming about ETF will not do any more moves for Bitcoin except for the Bitcoin halving that everyone is expecting it to happen which is less than 3 month to come, then if we have new positive news about bitcoin, it will surely set a new record for all time that everyone is expecting.

As for the SEC, they betrayed what everyone was expecting as a bullish news for Bitcoin but whether they like it or not, Bitcoin will grow with or without them because the world doesn't revolve round the US, tomorrow Russia might change it policy regarding bitcoin and its going to be a blast for Bitcoin adoption.

[NikeFit_7777]

I don't think so. The recovery of the $16k journey happen own it own and then to $23k, that was when Microstrategy came in and bought more in those area before the price when to $32k which was technically a retracement of the all time high before it came down to $25k, it was there for a long time before the price was move by the ETF applications SEC was receiving from different money managers and then to the Euphoria brought us where we are right now.

Right now, the ETF is Price in; any news that is coming about ETF will not do any more moves for Bitcoin except for the Bitcoin halving that everyone is expecting it to happen which is less than 3 month to come, then if we have new positive news about bitcoin, it will surely set a new record for all time that everyone is expecting.

As for the SEC, they betrayed what everyone was expecting as a bullish news for Bitcoin but whether they like it or not, Bitcoin will grow with or without them because the world doesn't revolve round the US, tomorrow Russia might change it policy regarding bitcoin and its going to be a blast for Bitcoin adoption.

Where do you get the idea about politics? Don't forget about the key rate.

Also, if tomorrow, America recognizes that cryptocurrency is hurting the dollar and the entire population. What would happen to bitcoin then? (I think there's no need for commentary). I'm sure more than one more time the news will be manipulated.

Cryptocurrency acceptance = not growth. Have you ever wondered the following question. Why we didn't fly to 60-70-100k for 1 bitcoin after the adoption of the ETF?

P.S. We are all different + reasoning in our own way. By no means do I want to prove my point of view. Only after time will be seen what and how it will be. Financial decisions - accept ourselves. 

[Peter90]

Twitter account was hacked,

Twitter account wasn't hacked.
Compromised yes, hacked no   

X Confirms 'Bitcoin ETF' Breach Was Not Of Any Of Its Systems, SEC Failed To Use 2-Factor Authentication On Phone

SEC Idiots Deliberately Turned Off Multi-Factor Authentication Ahead Of Most Humiliating Hack In Agency's History 


"While we already knew the reason behind the most humiliating hack in SEC history - when one day before Gary Gensler was forced to capitulate and approved the first batch of spot Bitcoin ETF (betraying his Sith master, Pocahontas under intense pressure from Larry Fink), the regulator's X account was hacked and reported what would be news one day later - moments ago the SEC confirmed that

i) an unnamed person changed the password for the agency’s account after gaining control of an agency employee’s phone number via a simple "SIM Swap" to make the false post on Jan. 9, and more importantly

ii) the reason why the hack was even possible in the first place is that the multifactor authentication of its X account was disabled last July and wasn’t re-enabled until after the incident.

In other words, the idiots at the SEC voluntarily made it easier for any outside hackers to gain access to their account, by deliberately turning off their 2 factor authentication, which as Bloomberg's James Seyffart notes, is far worse than never having it turned on in the first place!

And these are the cartoonishly incompetent morons (and porn addicts) tasked with keeping US investors safe.

 

[MVL~$]

Yes, the news of the Bitcoin ETF was actually a fake news, unfortunately the SEC Account was compromised and the approval may be delayed, but I think wether SEC approve Bitcoin ETF or not, Bitcoin is able to absord any outcome. I am sure the Halvimg event may play a huge role on the market prices.

Hearing this news I was amazed how they could do this. Then I heard that the news was false. I heard from many people that they have removed the news. But I still can't come to a conclusion as to why they did it. what do you think?

[therozaq]

Yep. Bitcoin ETF was already approved by SEC. It is official, Gensler announced it. You can read through this link: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023.

Well, we all expect that this approval will trigger the price of Bitcoin increasing significantly. But I see the price of Bitcoin dropped, I don't know why it is the opposite of what everyone expects. Is this market manipulation made by whales? 

Yeah , many people hope after ETF approved bitcoin price will go up.
But we should face the reality.
Current bitcoin price is drop and For now touch $ 39K.
ImThe prediction is going wrong.
But we should buy more, It's low price and suitable to buy if we still  have fund.
Bitcoin is always volatile.
I also hope bitcoin will increase after halving in April this year.

[Primo1760]

There are news circulating concerning bitcoin ETF approval, that sec as approved bitcoin ETF after how many years of rejection. And this is indeed a good news now we expecting bitcoin price to surge.
Hope it's goes as our expectations.

Links: https://twitter.com/SECGov/status/1744829327294837236?s=19

News of the approval of a Bitcoin ETF can really move the market and spark increased investor interest. However, it is important to remember that the cryptocurrency market is subject to high volatility and results may be unpredictable. Let's wait and see what changes will happen after the approval of the Bitcoin ETF, and what factors will influence the price of Bitcoin in the long term. You should always exercise caution and do your own research before deciding whether to enter the market or not.

While the Bitcoin market rallied slightly after the news of the Bitcoin ETF approval, the Bitcoin market has only begun to decline since the approval of the Bitcoin ETF. However, the decrease in the Bitcoin market has increased the interest of investors to invest. I myself have become ready to invest in Bitcoin because I know that the Bitcoin Bull Market will begin within a few months of the Bitcoin Halving. Since the market will dump a bit before the bitcoin halving I think the dumping before the bitcoin halving is the present signal of the current dumping tie. Maybe we won't have the opportunity to buy bitcoins so cheap later so I would say those who have the money to buy bitcoins can buy bitcoins from this dumping market because you may not get this opportunity again later.

[legend45]

While the Bitcoin market rallied slightly after the news of the Bitcoin ETF approval, the Bitcoin market has only begun to decline since the approval of the Bitcoin ETF. However, the decrease in the Bitcoin market has increased the interest of investors to invest. I myself have become ready to invest in Bitcoin because I know that the Bitcoin Bull Market will begin within a few months of the Bitcoin Halving.
~

I bought bitcoin at the beginning 2023, I think It's enough in my wallet. For now, I just wait and buy top 20 coins which I confident to hold.
After ETF Bitcoin approval, bitcoin price dropped but It is increasing again now.