Quote from: takuma sato on November 23, 2023, 08:36:16 PM

Quote from: franky1 on November 23, 2023, 08:28:45 PM

Quote from: Hamza2424 on November 23, 2023, 08:22:25 PM

Recently I've heard some statements from the SEC's side that they are pointing they have no reason to stop the approval.

what it actually means
there is no ability anymore for SEC to just decline without reason anymore.. (the courts sorted that out due to the grayscale case,
however they can deny ETF that dont meet the criteria

Quote from: Hamza2424 on November 23, 2023, 08:22:25 PM

That was nothing new from the 17th November's development,it was clear SEC has no issue with the spot ETF of the Bitcoin, and they are just looking for a good time why? even I'm not sure about it.

out of the 12 not all of them do. so some can be denied
the november 17th event was not a deadline to announce any approvals
it was a date of communication with some etf's applicants where the SEC gave some advice to some etf applicants about some obvious issues the SEC found

I just find it amazing that the SEC would approve a Bitcoin ETF at all considering the Tether problem was never really addressed, there wasn't a proper audit as far as I can tell. If you check the Blackrock fillings they included on the pdf what's basically disclaimers about the risk of tetherings going on that could cause in loses for investors. So if they approve this they don't really care about that. I've always thought that if they approve a Bitcoin ETF, is because they have a plan to try to use it to control it in some way, probably via liquidity, then try to influence exchanges and miners into a Blackcoin of sorts.

From my understanding Tether went through quite a bit of scrutiny by various US entities, and they fought lawsuits and they settled lawsuits in NY, and at the same time, they did not have any criminal charges, so I doubt that Tether has any real problems with collateral and/or audits.. They also had some pretty extensive runs on their bank too.. and they survived those bank runs pretty well, at least so far.

Tether FUD has been a popular thing since 2016 or so and maybe even since their introduction in 2014, but at the same time, they have grown stupendously, and surely there are likely some concerns from US status quo financial incumbents in regards to how Tether continues to gain market share and they are even going to start mining in South America with something like a $500 million initial investment into mining. Tether seems to be doing quite well and surely scary for some folks who would like to control it some more, but my understanding is that they are frequently cooperating with freezing funds and maybe even restricting some kinds of access points.

Quote from: BenCodie on November 23, 2023, 09:12:49 PM

The Binance $4B fine is more related to the status of the FTX claims than it is the ETF. I am quite sure that I've read that this $4b will be going toward FTX. Sounds ridiculous for the money flow to work like that, but go ahead and dig into that yourselves (or PM me if you want me to find the sources later)

The ETF is a long, bureaucratic process that should not expected to be finished in 2023....ESPECIALLY if institutions need to take the SEC to court to be able to have it filed, and I think we should be assuming this in my opinion. When FTX claims are done, then expect the ETF to be a step closer. The industry needs to be clean first...mtgox and ftx mess (and whatever mess is left or yet to occur with binance) is yet to be completed before ETFs go live - this is my projection of how things are going to be ordered anyway.

This is not a clawback claim in regards to FTX, but instead various kinds of fines against Binance for its allowing of money laundering. And, so if FTX makes a separate claim to clawback, then I am pretty sure that Binance would fight that to the extent that there is even any kind of supportable clawback claim that would amount to up to 4 billion.. ..

Quote from: CryptounityCUT on November 24, 2023, 04:18:05 PM

There is not yet a green light for the approval of Bitcoin Spot ETF, but if it is approved, the price will skyrocket, as it did with the Gold ETF. However, the real question is, is it good for Bitcoin to be a part of an ETF? Was ETF approval good for Gold?

We will need to see another layer added to Bitcoin Spot ETF to increase gaining percentage among investors. Similar to Gold, it is somewhat stuck where it is. Of course, the supply cannot be measured as it can be with Bitcoin, but the $/Gold oz. price will push higher when crypto payment for Gold is accepted. Until then, we can forget that the price can double in 10 years. The same will happen with Bitcoin; it will skyrocket, but in the next 10 years, the price will establish a top, and it won't move with such force as it will when the ETF is approved (if it is). So, we will need another layer to keep pushing the price up as significantly as it was in the past.

There is no evidence to support that BTC is deviating from it's four year cycles. Sure it could happen, but I would think that it is safer to presume the existence of a 4-year cycle rather than to completely ignore it and start to believe that BTC has some other force behind it that is yet to be seen.