In the lead-up to the U.S. Securities and Exchange Commission's (SEC) decision on spot Bitcoin ETFs, expected between January 8 and January 10, Coinbase has announced extensive preparations for potential approval. VanEck advisor Gabor Gurbacs cautioned that the initial impact on Bitcoin's price might be muted, similar to the early days of gold ETFs. Amidst rumors of an imminent decision, some speculate it could be a 'sell-the-news' event, while others, like the CEO of the Chamber of Digital Commerce, suggest a Bitcoin allocation could significantly enhance portfolio Sharpe ratios. Grayscale is pushing to list a spot BTC ETF based on its $25 billion fund, and other funds are amending their prospectuses for Bitcoin exposure. Polymarket traders see a 69% to 90% chance of approval by mid-January, and 11 Bitcoin ETFs are at the starting line. BlackRock, Bitwise, Hashdex, and WisdomTree have seeded their ETFs with $10 million, $200 million, $2.8 million, and $2.5 million, respectively. The president of CBOE Digital expects institutional investment to surge post-approval, and TD Cowen has described the approval as a 'political necessity.' Bitcoin's price has rallied, with $133 million in shorts liquidated in anticipation.
President CBOE Digital anticipates an influx of institutional investment into Bitcoin as soon as the SEC greenlights the first-ever spot ETF https://t.co/FnJxEA5aDL
NEWS: With possible spot bitcoin ETF approval forthcoming, a look at how we got here https://t.co/nfGCKXJHoa
The spot Bitcoin ETF decision, expected between Jan. 8 and Jan. 10, holds a 75% chance of sparking a sell-the-news event, per K33 Senior Analyst Vetle Lunde, impacting short-term market dynamics https://t.co/gWbtcknCB1
JUST IN: SEC will approve spot #Bitcoin ETFs by the January 10 deadline as a “political necessity”, says $15 billion TD Cowen. 👀
*SEC WILL APPROVE A SPOT BITCOIN ETF AS A ‘POLITICAL NECESSITY,’ SAYS TD COWEN - THE BLOCK
EXCLUSIVE: SEC will approve a spot bitcoin ETF as a 'political necessity,' says TD Cowen https://t.co/pb2LUREG7f
Everyone calling for “sell the news” on BTC ETF, even the almighty Cramer. What more of a signal do we need that bitcoin is gonna blast off this week? https://t.co/AKfto4z7FC
Be careful what you wish for. The promise of a U.S. listed spot #BitcoinETF has been supporting the #Bitcoin price and speculative demand for years. Once the ETFs are launched and the highly anticipated institutional and other new investor demand does not show up, look out below!
3 scenarios I think could play out regarding a decision on the Bitcoin ETF 🧵
Traders on @Polymarket think the US will launch 1 or more #BitcoinETF's within the next two weeks. Shares for 'Bitcoin ETF approved by Jan 15' contract trade at 89 cents, indicating an 89% approval probability. https://t.co/6yi7M0G8Cs
If approved, a spot Bitcoin ETF will draw pension funds and registered investment adviser-based vehicles, the president of CBOE Digital predicted https://t.co/nXjHzMBkuK via @crypto
NEWS: Stocks are down and bitcoin is up thanks to ETF optimism, but what happens next? https://t.co/InHneR58wC
If approved, a spot Bitcoin ETF will draw pension funds and registered investment adviser-based vehicles, the president of CBOE Digital predicted https://t.co/2xD13nWoDM
Bloomberg Intelligence's James Seyffart says a Bitcoin ETF approval could come early next week, but authorized participants are scrambling to get their finalized filings in order https://t.co/Zd3GeWaIny https://t.co/a3WH2dwhdv
"The Crypto Trader" Author Glen Goodman says that there is a 90% chance of a Bitcoin ETF being approved, but there's a lot of details for the SEC to hammer out https://t.co/GRrT2ynJMN https://t.co/Lj8ZfVJhEj
Anticipation of a #bitcoinETF approval coming by Jan. 15 is building 👉 https://t.co/xqGcV5vhX4 🤔 One year from now, which bitcoin ETF do you think will have the most assets under management? (Remember, Grayscale has a $26 billion head start.)
Is a #Bitcoin #ETF just around the corner? We dig into what January may hold in store... https://t.co/s2EOaN3Atk
Breaking: A pattern is emerging. Other funds registered as securities already trading on the NASDAQ are ammending their prospectuses that they can now expose 15-50% of their AUM to Bitcoin, through the Spot Bitcoin ETFs. @saylor called it. Here we see Advisors Preferred Trust… https://t.co/Za7DNRXs36
Grayscale continued efforts to list a spot BTC ETF built on its existing fund, which boasts a $25 billion market cap https://t.co/tg2tJTK3i3
NEWS: As amendments continue, here’s what we know, and don’t know, about the planned bitcoin ETFs https://t.co/Gt4LW6wxiQ
JUST IN: 11 Bitcoin ETFs are at the starting line ready for the SEC to approve them. 🏁🚗🚗🚗🚗🚗🚗🚗🚗🚗🚗🚗 h/t: @JSeyff https://t.co/Jnj4obSFUM
BlackRock is seeding their spot #Bitcoin ETF with $10 million. Bitwise is seeding theirs with $200 million. Hashdex is seeding theirs with $2.8 million. WisdomTree is seeding theirs with $2.5 million. The funds are starting to flow 🚀 https://t.co/VK7f66PLFC
Bitcoin’s fundamentals are more important than ETF approval says Grayscale https://t.co/eKyqKhVroi
*BITCOIN SPOT ETF APPROVALS MOST LIKELY A SELL-THE-NEWS EVENT: K33 - THE BLOCK
Bitcoin spot ETF approvals most likely a sell-the-news event: K33 https://t.co/4mhZjNvteE
Bitcoin Still Soaring on ETF Hype as $133 Million in Shorts Liquidated ► https://t.co/N82tVUbIIJ https://t.co/N82tVUbIIJ
Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome https://t.co/TxgRH4Z6Hx
NEWS: Bitcoin rallies on ETF optimism, but analysts tell traders not to hold their breath https://t.co/PDcdb9n71l
Grayscale’s latest spot Bitcoin ETF filing with the SEC doesn’t name the authorized participants it plans to work with. https://t.co/4xFxwKRHdw
To be honest I don't care if we don't see one last crypto crash before the ETF approval and the halving in April. I've been buying $BTC and $ETH for years. I'm ready. But so many people/friends are aren't in yet and are going to miss this explosive opportunity. This makes…
Data from prediction market Polymarket shows that the platform contract price for SEC approval of the Bitcoin spot ETF before January 15 is 89 cents, meaning traders believe that the probability is 89%, which was 50% last month. Traders have staked $437,394 so far.…
Sell the news event? Or is the biggest crypto bull market in history about to start? 👀 https://t.co/j7e9N46GdH
Sell the news event or is the biggest crypto bull market in history about to start? 👀 https://t.co/j7e9N46GdH
Sell the news event or is the biggest crypto bull market in history is about to start? 👀 https://t.co/j7e9N46GdH
Will the #Bitcoin ETF be approved today? Tomorrow, Thursday? It’s coming. Macro Monday… on a Tuesday. With @daveweisberger1 @jameslavish @mikemcglone11 9 AM EST https://t.co/b57gSrFXoi
*GRAYSCALE FILES AMENDED S-3 FORM WITH SEC FOR GBTC CONVERSION TO BITCOIN ETF - THE BLOCK PRO
The ETF is not priced in
The ETF is priced in
ETF not priced in Don’t cry when you’re sidelined and “been waiting for a dip but it hasn’t happened”
Vaneck’s director of digital assets strategy says people tend to underestimate the long-term impact of spot #bitcoin ETFs. $BTC https://t.co/MsJ4sNNXty
Bettors on decentralized prediction platform Polymarket are confident the @SECGov will greenlight one or more spot ETFs by Jan. 15. reports@godbole17. https://t.co/0Rf3ARphuz
Outsiders keep mentioning BItcoin price jumps in anticipation of the ETF as if it’s circular. But an ETF is only bullish if people believe in the underlying asset. Which they clearly, resoundingly, do. Not enough people get this.
💥🚨🚨🚨COINBASE ISSUES MAJOR STATEMENT ON CNBC: “THE U.S SPOT BITCOIN ETF IS AS BIG AS A DEAL AS PEOPLE ARE MAKING IT OUT TO BE.” + “THE IMPACT WILL BE EXPLOSIVE🤯” 🚨🚨🚨💥 https://t.co/3qBzxuF92Z
🚨 BITCOIN SPOT ETF: A STEP CLOSER TO REALITY? Following SEC scrutiny, a Polymarket poll shows a 69% chance of Bitcoin Spot ETF approval by January 15th. Bitcoin Spot ETF, allowing direct investment in Bitcoin rather than derivatives, marks a historic fusion of traditional… https://t.co/irz4V80NEh
🚨 Possible Delay in Decision Regarding Bitcoin ETF 📰
Whoever is expecting a #Bitcoin ETF to sell the news event, you are missing the big picture. Even if there is a retrace and small sell the news candle, the most bullish thing about the ETF news is not the news itself anyway but what will follow over the months and years after.
ETF still no where near priced in imo
The markets seem to be getting ahead of any #Bitcoin ETF news. Is it imminent?
Fox Business reporter Eleanor Terrett said approval of a spot Bitcoin ETF this week is unlikely https://t.co/KW6L9LZWyN
the ETFs weren’t priced in https://t.co/yIszTSrIX5
the ETF wasn’t priced in
Greekslive: Options data shows that the highest IV is still the option expiring on January 12, indicating that institutional investors still believe that the second week of 2024 will be the time point for the approval of the Bitcoin spot ETF. https://t.co/wXF7zP6k8C
Alright, who leaked the news. Bitcoin ETF will be approved tomorrow. Futures up 9%. https://t.co/tNyDQSnhUJ
Greekslive: Options data shows that the highest IV is still the option expiring on January 12, indicating that institutional investors still believe that the second week of 2023 will be the time point for the approval of the Bitcoin spot ETF. https://t.co/BlnM8zgSks
$BTC Spot ETF leak? https://t.co/slZQWxg54S
Remember Bitcoin isn’t going up because the ETF was priced in
#Bitcoin is trading like an ETF is about to be approved.
When is the Bitcoin ETF likely to happen? 📅 Big pump or sell the news event? 🤔
I'm looking at the crypto market and... it's giving... ETF approval
FOX's @EleanorTerrett doubts spot #Bitcoin ETF approvals happen tomorrow. SEC needs to review changes to Thurs/Fri's S-1 filings and comment. Given SEC staff being off since Friday, a Tuesday or Wednesday approval seems improbable. https://t.co/BxL6ajuPlO
JUST IN: SEC still needs to go through paper work for spot #Bitcoin ETFs so "the announcement likely toward week’s end," reports FOX Business Charles Gasparino.
If the rumor is true about the bitcoin ETF getting approved tomorrow what will you do?
Annualized returns like #Bitcoin are a flashing beacon 🚨 for capital allocators waiting for the launch of a spot ETF https://t.co/EoooeqrY6l
Bitcoin trading like Nancy Pelosi is frontrunning the ETF news
NEW: Spot #Bitcoin ETFs are not a sell-the-new event, but rather a reflection of growing real demand for exposure to #Bitcoin. A #Bitcoin allocation can significantly enhance portfolio Sharpe ratios, says Chamber of Digital Commerce CEO Perianne Boring https://t.co/6yazJcZ363
Watch this chart to see if BTC ETF approval will be a sell-the-news event. The upside is limited if liquidity doesn't increase. https://t.co/ikpxf4TJC6
ETF approval tomorrow? That’s the rumor…
#Crypto exchange #Coinbase says that it has “extensively prepared” for spot #bitcoin ETF approvals by the SEC. https://t.co/57qofePlJK
VanEck Advisor Warns: Spot Bitcoin ETF Approval May Disappoint Investors at First https://t.co/kbWRifg7KI
VanEck advisor Gabor Gurbacs does not expect the launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) to impact Bitcoin price much https://t.co/fJHYLihYcJ
Many may be disappointed by the “initial impact” of a spot Bitcoin ETF, says VanEck adviser @gaborgurbacs. However, if gold ETFs are any indication, there’s no need to worry. https://t.co/ngXvD2EQDT
#Coinbase Has 'Extensively Prepared' for Spot #Bitcoin ETF Approval https://t.co/57qofePlJK