The US has approved a spot Bitcoin ETF, with various catalysts indicating a potential Bitcoin Super Cycle in 2024. Grayscale Bitcoin Trust's discount has reduced to 6%, showing market optimism for ETF approvals. Bitcoin's price has surged by over 160% in 2023, driven by excitement over ETF proposals. Major players like BlackRock and Cathie Wood are close to getting SEC approval for the ETF. The SEC has instructed firms to meet a December 29th deadline for potential early January approvals. Former SEC officials and industry leaders anticipate the ETF's impact on the market. Arthur Hayes warns of asset managers potentially holding all Bitcoin, which could lead to its decline. The UTXO set has significantly expanded in 2023. Concerns are raised about the impact of Wall Street firms and ETFs on Bitcoin's future.
Arthur Hayes Believes ETFs Might Cause the Demise of #Bitcoin https://t.co/ZiNY1teiDu
Arthur Hayes: Spot Bitcoin ETFs Threaten the Market https://t.co/3CpTGlEHim
$COIN shouldn’t be this correlated with bitcoin. ETFs should actually take away market share from the brokerage https://t.co/PrfyJjAWlY
👀 Final filings for spot #Bitcoin ETFs are expected to be on the table by this Friday to be considered in the first wave of ETFs by the SEC. https://t.co/VmDdoEtH8a
*INDUSTRY LEADERS SEE HONG KONG AS NEXT BITCOIN ETF HUB AMID US APPROVAL ANTICIPATION - THE BLOCK
Former #Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy #Bitcoin' https://t.co/ZiNY1teiDu
BitMEX co-founder @CryptoHayes says there’s a chance that Wall Street firms could “completely destroy” Bitcoin with their spot Bitcoin ETFs. https://t.co/Yua17ek0F3
Where will the #Bitcoin price be on January 17th (one week after the expected spot ETF approval)?
The revenue collected by Bitcoin (BTC) miners as transaction fees in 2023 reportedly averaged about $2 million per day, signifying a 400% jump year over year https://t.co/BrcZuu83oi
.@SergeyNazarov discusses the potential impact a #Bitcoin ETF could have on both the capital markets and the blockchain industry ⬇️ https://t.co/nRdDdoPXiB
NEW: “The legacy of 🇺🇸 SEC Chair Gary Gensler could be the approval of a spot #Bitcoin ETF,” says former 🇺🇸 SEC official John Reed Stark https://t.co/pXoCBmLaNh
Bitcoin's UTXO set grew from 83.5M to 150M during 2023, adding 2 net additional UTXOs every second. https://t.co/wXraSXk1v8
The #SEC's former head of internet enforcement, a #crypto skeptic, now believes that the regulator is likely to approve a spot #bitcoin ETF. https://t.co/rUD7dYJiON
#Blackrock Reveals Plan to Seed Spot #Bitcoin ETF With $10 Million on January 3 https://t.co/NhyNuoOqcJ
NEW: On Thursday, the 🇺🇸 SEC met reps from 7 firms aiming to launch spot #Bitcoin ETFs 👀 They instructed them that any issuer that doesn't meet the deadline of December 29th for final changes will not be part of a first wave of potential approvals in early January. It's done. https://t.co/MpWHjQVp8L
Bitcoin, started in the wake of Occupy Wall Street, looks like it’s on the verge of going mainstream as Black Rock, Cathie Wood, and others are close to getting approval from Gary Gensler’s Securities and Exchange Commission for an ETF. https://t.co/EYFEh8i3CZ
Arthur Hayes has a warning: Asset managers may try to hold "all the Bitcoin in circulation." If that happens, it could ultimately lead to the asset's decline https://t.co/gvCfwxkSvR
Confirmation that the #BTC ETF is imminent. 🤣 https://t.co/ALOFhnd7fQ
Live shot of Bitcoin ETF providers gearing up for Jan 10. https://t.co/BxUMzE5xWI https://t.co/gQfAfgLurH
Despite tight macroeconomic conditions and headwinds in the crypto industry, Bitcoin is up more than 160% in 2023, fueled by the excitement over ETF proposals. https://t.co/R227Ttva5K
#Bitcoin| With The Launch Of The Spot Bitcoin ETF Just Three Weeks Away, Will It Be A Boom Or A Bust? https://t.co/33kLoEEAnm
Grayscale Bitcoin Trust (GBTC) discount now less than *6%*… 6%. Was 43% when BlackRock filed for spot btc ETF in mid-June. Market clearly optimistic GBTC will be in first wave of approvals. https://t.co/9eXPOEGlXc
🚨 BREAKING 🚨 #BITCOIN ETF HAS BEEN CONFIRMED. https://t.co/JPuqijUloQ
With the US approving BTC spot ETF, the Dencun upgrade, and other vital catalysts, we could very likely witness a Bitcoin Super Cycle in 2024, argues Gracy Chen. https://t.co/9WH8VLzkIn