TL; DR
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There have been a total of twelve ETF filings, and people think the SEC will approve them all at once – so it doesn’t seem to be a favorite.
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It doesn’t really matter. Because of two reasons.
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Bitcoin’s price can rise just as effectively due to a rumor than it can due to real, verified news – and it could (check out the header image)!
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Approval tomorrow, or approval next year… as long as it’s on its way, we’re happy.
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Full story
The clock has already started ticking!
Between November 8 and November 17, there is a short period in which the SEC could approve a spot Bitcoin ETF.
(Also a fund that allows BTC to be traded on the stock market, which will likely attract a lot of new investments).
Here’s the theory being coined online:
There have been a total of twelve ETF filings, and people think the SEC will approve them all at once – so it doesn’t seem to be a favorite.
(It’s common for the first ETF launched to win the lion’s share of investments over time – so early adoption of a single fund = a huge advantage).
Now delays were (conveniently) imposed on a handful of applications, creating a seven-day window in which all twelve ETFs could be approved at once…
A seven day period we are currently in.
Here are our two cents:
It doesn’t really matter. Because of two reasons.
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Bitcoin’s price can rise just as effectively due to a rumor than it can due to real, verified news – and it could (check out the header image)!
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Approval tomorrow, or approval next year… as long as it’s on its way, we’re happy.
…that said, if the SEC wants to clear things sooner rather than later?
Good allow it.