Quote from: bbc.reporter on Today at 01:49:14 AM

@bittraffic. The argument is it is overhyped because the pump has occured before there was an approval and this might be something similar to a sell the news occurrence if it is approved.

However, agreed. Bitcoin will skyrocket later after approval when ETF issuers begin twapping hehehe.

Yes, I believe that will be the case. One thing will be when it is effectively confirmed that the first spot ETF is approved in the USA, which is the one that will influence the market the most, which I think is priced in and that can provoke as you say premeditated sales to fleece retail investors who buy with the news instead of selling.

Quote from: bbc.reporter on November 07, 2023, 12:25:36 AM

Quote from: adaseb on November 06, 2023, 05:25:57 AM

There are many spot etfs in many countries already this is nothing new. I think somewhere in Europe there was a bitcoin etf from maybe 5 years back.
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In many countries? How many and what are these countries? I am quite certain that there are not many countries offering spot ETFs for bitcoin or other cryptocoins. Also, if it is a spot ETF in a developing country with a small market, we can also be quite certain that it will not have effect on the whole market.

Quote

There are currently 20 active spot bitcoin ETFs worldwide, with a combined $4.16 billion in total assets. The largest spot bitcoin ETFs are Canada's Purpose Bitcoin ETF (BTCC) with $819.11 million in total assets and Germany's ETC Group Physical Bitcoin with $802.52 million in total assets.

Source: Canadian ETFs lead global spot bitcoin funds with $4.16 billion in assets