Quote from: OgNasty on September 13, 2023, 05:52:46 AM

The latest company to throw their hat in the ring. While I don’t think this alone is a huge story, the overall picture of many companies filing applications for a spot ETF suddenly shows that maybe something has changed among regulators and the industry has caught wind that they’re ready to mass approve Bitcoin spot ETFs.

More companies do so, more bigger companies join the application party, more pressure on regulators.

Regulators will no longer refuse Bitcoin Spot ETFs application after a blink of eyes because pressure from those companies and communities have been becoming bigger. Together with growth of Bitcoin adoption, Bitcoin communities have been becoming stronger too. Their voice makes more sense that turns to bigger pressure on regulators.

Quote from: hugeblack on September 13, 2023, 09:29:33 AM

I don't like to rush to judgment on these things because the news of Bitcoin ETF is always accompanied by a lot of analysis from people who hear the word for the first time and argue about it without knowledge. Therefore, unless the first US ETF is approved, we cannot say that this is good news, and after that it may Its impact will not be as positive as many expect. Initial indicators will appear in the first quarter of 2024, specifically from January 1 to 3.

I no longer feel exciting about Bitcoin Spot EFT news because I know if a first Bitcoin Spot ETF is approved in the USA, the market will react accordingly to it very strongly. Then when I see Bitcoin movements on the market, I will check what happened recently with Bitcoin Spot ETFs in the USA. If nothing big happens on the market, such news is useless.