The announcement couldn't have happened any weirder, as the Bitcoin ETF's that were approved today were first announced by the SEC on X (Twitter) two days ago... but then they claimed their account was hacked, and stated that no ETFs had been approved. But how we found out doesn't really matter anymore, because it's now confirmed and re-confirmed that the Securities and Exchange Commission officially approved 11 applications for Bitcoin ETFs, the largest firms among them include BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck. Trading Begins...Now! Because the SEC must respond to applications ETF applicants were anticipating an answer from the SEC at any moment, they were ready to go before officially receiving approval - because of this, they went live the next day. Traders from both the stock and crypto world have repeated the words "game-changer" when describing the impact this could have on cryptocurrencies, citing the new investors who now have exposure to the world's largest cryptocurrency. So who are these investors? If they're interested in Bitcoin, what were they waiting for? The newly launched ETFs all fighting over what they believe is a large segment of both individuals and companies that are interested in investing in Bitcoin, but hesitated to pull the trigger and buy some. Many potential investors cite their main concern is simply how to securely hold worth of a digital assets, which can be intimidating on a technical level. A Tsunami of Money Headed Towards Crypto? Many believe the floodgates are now open for massive amounts of institutional investment funds to enter the market, and their reasoning actually makes a lot of sense. In closing, the only thing we've officially gained this week are new possibilities, a 'reasonable expectation' for Bitcoin's future price just went up. But if there's one thing I've learned in my 6 years in the crypto world; prepare for what COULD come next, and never believe you know what that will.
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