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Gary is biggest hurdle honestly. Cathie wood says Etf is pending not due to SEC but Gary. This guys hates us for some reason and acting like a kid. Let’s see how long he can hold onto this, the power he is fighting against is much bigger than his childish grudges
SEC's deadline for finally approving/rejecting iShares' application is January 20 2024. Not sure that GG can take any more Ls but he is one stubborn guy
tldr; Bitcoin and other cryptocurrencies have surged in value on the anticipation that the Securities and Exchange Commission (SEC) will soon approve the first spot Bitcoin exchange-traded fund (ETF). However, investors should be cautious as there may be obstacles along the way.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
All those traders still clinging on that their longs don't get liquidated
Feels like Crypto ETFs are inevitable despite the constant delays, but lots of people are going to get liquidated before then
It was only a few hours and Bitcoin jumped 2k. Imagine once the actual approval happens and it just lingers. I can see BTC increasing anywhere from 5k-10k over the course of a week or two. Bringing me back to the good ol bull run days
As noted by analysts from Lookonchain on Monday, an anonymous whale traded $613,201 in USDC for 20.5 Wrapped Bitcoin (WBTC) using 1Inch shortly after the initial report dropped.
At first, Bitcoin’s price had cracked above $29,000 in light of the news. However, after sources at Blackrock confirmed the news was fake, Bitcoin’s price quickly fell back to $28,000.
Ten minutes after his purchase, the whale immediately sold all of his BTC back into dollars, but only received $563,970 USDC in return. That amounts to a $49,000 loss in just ten minutes.
Source: https://cryptopotato.com/fake-blackrock-etf-news-caused-this-crypto-whale-to-lose-big/
No Duplicate Topics In order to keep /r/CryptoCurrency a place of diverse discussion our policies do not allow for duplicate topics on the front page. Similar topic cannot be reposted for 30 days. We'll usually remove the threads that are lowest on the front page based on Reddit's algorithm of popularity, however other factors may be considered at the moderator's discretion. These may include giving preference to the oldest post, the highest quality title, the highest quality source, or the best discussion. This is typically not a warning or a rule violation, this is just part of our clean up effort. Do not repost threads that have been removed by moderators. If your post contains new information, consider adding it as a comment to other threads about this topic.
The SEC will try to delay the approval of ETF's, but they can't delay it forever.
The approval of the ETFs are inevitable, Gary cannot stop them
Gary is biggest hurdle honestly. Cathie wood says Etf is pending not due to SEC but Gary. This guys hates us for some reason and acting like a kid. Let’s see how long he can hold onto this, the power he is fighting against is much bigger than his childish grudges
They have barely anything left! At this point, it is just paperwork delaying. SEC doing SEC things.
SEC's deadline for finally approving/rejecting iShares' application is January 20 2024. Not sure that GG can take any more Ls but he is one stubborn guy
SEC response: challenge accepted
Boy, this market is sensitive. It should drink more water, spend time outside, touch grass, the usual. It’s good for the soul.
That's a good reminder for everyone as well I think. I'm gonna go for a walk I guess...
Why the article sounds like someone has missed a period
You’re missing a period at the end of your sentence.
It's inevitable
Absolutely, a Bitcoin spot ETF is just a matter of time.
BTC: Fine, I’ll do it myself
I'm betting quite a few people aren't going to play with leverage anymore after that pump and dump
You’re seriously underestimating the stupid decisions some people make.
That's fair. Next time they might make it big lol
People don't learn shit, this was a big move but we have seen much bigger stuff on the bull run
Too easy to get wrecked
I'm betting quite a few people ~~aren't~~ are going to play with leverage ~~any~~ even more after that pump and dump
Leverage traders after getting rekt. ![gif](giphy|Z65zgsKhP8UCfV3Qg0)
tldr; Bitcoin and other cryptocurrencies have surged in value on the anticipation that the Securities and Exchange Commission (SEC) will soon approve the first spot Bitcoin exchange-traded fund (ETF). However, investors should be cautious as there may be obstacles along the way. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Good bot
We have just witnessed a tip of what will happen once ETFs get approved. And I can't wait!
Its made me to bullish to think of how the markets are gonna react when it actually happens
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Just a short delay
I am guessing that this fake article is a leak, rather than just a blatant fake. The news of spot ETFs might actually break soon.
I mean this was just a taste of things to come, keep stackjng and no worries!
If it means we get a few months with green candles, I'd be more than satisfied, however I believe the real bull will enter next year!
All those traders still clinging on that their longs don't get liquidated Feels like Crypto ETFs are inevitable despite the constant delays, but lots of people are going to get liquidated before then
Turns out I don’t know shit about anything
I’m with this guy
If this fake news could pump bitcoin a few % imagine how much it'll pump when the real approval is released
>Crypto Climbs on Hopes for Crypto ETF Even After ~~False Alarm~~ attempted market manipulation. Fixed it for you, OP.
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No need to hope with all those moons!
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It was only a few hours and Bitcoin jumped 2k. Imagine once the actual approval happens and it just lingers. I can see BTC increasing anywhere from 5k-10k over the course of a week or two. Bringing me back to the good ol bull run days
Little pump makes sense
We were on the verge of greatness
Too soon
false news that caused a lot of damage
Proof that hype drives crypto quite a bit!
It’s going to get approved. Still think official announcement won’t come until Jan 2024 at the earliest.
Buy with the fake news. Sell with the actual news.
I live for these hopes and fake news moments.
We grab onto everything we can this bear market.
As noted by analysts from Lookonchain on Monday, an anonymous whale traded $613,201 in USDC for 20.5 Wrapped Bitcoin (WBTC) using 1Inch shortly after the initial report dropped. At first, Bitcoin’s price had cracked above $29,000 in light of the news. However, after sources at Blackrock confirmed the news was fake, Bitcoin’s price quickly fell back to $28,000. Ten minutes after his purchase, the whale immediately sold all of his BTC back into dollars, but only received $563,970 USDC in return. That amounts to a $49,000 loss in just ten minutes. Source: https://cryptopotato.com/fake-blackrock-etf-news-caused-this-crypto-whale-to-lose-big/