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Bitcoin ETF On The Brink of US Approval.


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The crypto market is poised for a significant transformation with the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, according to a former BlackRock manager's statement on Monday. This regulatory shift is expected to provide financial institutions with a more familiar pathway to invest in Bitcoin

The possible sanctioning of Bitcoin ETFs could unlock an estimated $17.7 trillion investment. This speculation underscores the growing acceptance of Bitcoin as a valid asset class within traditional finance circles. If these projections hold, this would mark a substantial increase in the role and price of Bitcoin and other cryptocurrency within the financial ecosystem.

The anticipated inflow of investments is also expected to foster increased trust in Bitcoin and potentially encourage further investments in another cryptocurrency like Bitget BGB which recently recorded improved risk measures. This development comes amid a growing shift towards digital assets and the increasing integration of cryptocurrencies into mainstream financial systems.
The approval of Bitcoin ETFs in the U.S. would signify a pivotal moment for the crypto market, providing a more structured and regulated avenue for large-scale investments. This could potentially lead to an influx of capital into the crypto market, boosting Bitcoin's prominence and possibly influencing the performance of other digital currencies.


What is your take on this?

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On 09/10/2023 at 11:18, Bash4j said:

The crypto market is poised for a significant transformation with the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, according to a former BlackRock manager's statement on Monday. This regulatory shift is expected to provide financial institutions with a more familiar pathway to invest in Bitcoin

The possible sanctioning of Bitcoin ETFs could unlock an estimated $17.7 trillion investment. This speculation underscores the growing acceptance of Bitcoin as a valid asset class within traditional finance circles. If these projections hold, this would mark a substantial increase in the role and price of Bitcoin and other cryptocurrency within the financial ecosystem.

The anticipated inflow of investments is also expected to foster increased trust in Bitcoin and potentially encourage further investments in another cryptocurrency like Bitget BGB which recently recorded improved risk measures. This development comes amid a growing shift towards digital assets and the increasing integration of cryptocurrencies into mainstream financial systems.
The approval of Bitcoin ETFs in the U.S. would signify a pivotal moment for the crypto market, providing a more structured and regulated avenue for large-scale investments. This could potentially lead to an influx of capital into the crypto market, boosting Bitcoin's prominence and possibly influencing the performance of other digital currencies.


What is your take on this?

A lot have been said about the potential impact of ETF approval on the entire crypto market and I am curiously waiting on how the event unfold but the fact remains that bull run is imminent particularly as we approach next halving and like you mentioned BGB; it is worth keeping a close tab cos its buy back and burn plan is already on card and we can imagine how scarcity will affect price.

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13 hours ago, Maxicreed01 said:

A lot have been said about the potential impact of ETF approval on the entire crypto market and I am curiously waiting on how the event unfold but the fact remains that bull run is imminent particularly as we approach next halving and like you mentioned BGB; it is worth keeping a close tab cos its buy back and burn plan is already on card and we can imagine how scarcity will affect price.

Yeah but BGB also allows its holders to some exclusive privileges like the launchpool of which I earn a passive income. 

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Haha!! It depends on your definition of "brink" because multiple report have said BTC spot ETF trading may likely be approved within the next 3 - 6 months as consultation with the asset managers continues. This might coincide with post-halving of BTC which might a huge trigger for the much anticipated bull run.

And as for BGB, I just ran a check on Nansen.ai and found out it has made tremendous gain in the last year as indicated here:image.jpeg.ee92aaa920b6f6788b302d3d5a9817b5.jpeg

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  • 3 months later...
On 09/10/2023 at 13:18, Bash4j said:

The crypto market is poised for a significant transformation with the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, according to a former BlackRock manager's statement on Monday. This regulatory shift is expected to provide financial institutions with a more familiar pathway to invest in Bitcoin

The possible sanctioning of Bitcoin ETFs could unlock an estimated $17.7 trillion investment. This speculation underscores the growing acceptance of Bitcoin as a valid asset class within traditional finance circles. If these projections hold, this would mark a substantial increase in the role and price of Bitcoin and other cryptocurrency within the financial ecosystem.

The anticipated inflow of investments is also expected to foster increased trust in Bitcoin and potentially encourage further investments in another cryptocurrency like Bitget BGB which recently recorded improved risk measures. This development comes amid a growing shift towards digital assets and the increasing integration of cryptocurrencies into mainstream financial systems.
The approval of Bitcoin ETFs in the U.S. would signify a pivotal moment for the crypto market, providing a more structured and regulated avenue for large-scale investments. This could potentially lead to an influx of capital into the crypto market, boosting Bitcoin's prominence and possibly influencing the performance of other digital currencies.

I think using data centers for miners https://ultramining.com/en/data-centers/ is a smart idea. Data centers can provide reliable power, cooling, security, and internet for mining rigs. They can also reduce the noise and heat generated by the miners at home or office. Data centers can also offer flexible and scalable solutions for miners who want to adjust their mining capacity according to the market conditions. However, using data centers for miners also has some drawbacks, such as higher costs, lower control, and dependency on third-party providers. Therefore, miners should weigh the pros and cons of using data centers before making a decision.
What is your take on this?

I think the approval of Bitcoin ETFs in the U.S. is a positive development for the crypto market, as it would increase the accessibility and liquidity of Bitcoin for institutional investors. This would also enhance the credibility and legitimacy of Bitcoin as a store of value and a hedge against inflation. However, I also think that Bitcoin ETFs are not the only factor that determines the growth and innovation of the crypto market. There are other aspects, such as technological advancements, regulatory clarity, and user adoption, that are equally important for the future of crypto. Therefore, I believe that Bitcoin ETFs are a welcome addition, but not a game-changer, for the crypto market.

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BTC ETF approval is obviously a long waited scenario. Finally it is live !!! But the thing is, we have Giants like BlackRock in this game. It'll take some time but Wall Street is gonna jump in hard on this industry. That's why I think exchanges like Bitget/Nance are holding & educating the users , so that they don't lose trust in this space. The BTC ETF scenario shortly~

IMG_20240125_095623_346.jpg

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