All 12 Bitcoin ETFs Could Be Approved in the Next 7 Days
TL;DR
There's a total of 12 ETF applications that have been filed, and folks believe that the SEC will approve all of them at once - so it's not seen to be playing favorites.
It doesn't really matter. For two reasons.
Bitcoin's price can jump just as effectively off the back of a rumor than it can from real, verified news - and it might have (check out the header image)!
Approval tomorrow, or approval next year...as long as its on its way, we're happy.
Full Story
The clock has already started ticking!
Between Nov. 8 and Nov. 17, there's a brief window in which the SEC could approve a spot Bitcoin ETF.
(Aka a fund that would allow BTC to be traded on the stock market, likely attracting a bunch of new investment).
Here's the theory being cooked up online:
There's a total of 12 ETF applications that have been filed, and folks believe that the SEC will approve all of them at once - so it's not seen to be playing favorites.
(It's often that the first ETF to launch gains the lion's share of investment over time - so the early approval of a single fund = a huge advantage).
Now, delays were (conveniently) placed on a handful of applications, which then created a 7 day window of time where all 12 ETFs could be approved at once...
A 7 day window that we're currently in.
Here's our two cents on it all:
It doesn't really matter. For two reasons.
Bitcoin's price can jump just as effectively off the back of a rumor than it can from real, verified news - and it might have (check out the header image)!
Approval tomorrow, or approval next year...as long as its on its way, we're happy.
...that said, if the SEC wants to approve things sooner, rather than later?
We'll allow it.