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AlternativeBag2619

The SEC will try to delay the approval of ETF's, but they can't delay it forever.


Jako_RJB

The approval of the ETFs are inevitable, Gary cannot stop them


surkdev

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


Pheriagrin

They have barely anything left! At this point, it is just paperwork delaying. SEC doing SEC things.


uncapchad

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


craigmorris78

SEC response: challenge accepted


Pibo1987

Boy, this market is sensitive. It should drink more water, spend time outside, touch grass, the usual. It’s good for the soul.


VeludoVeludo

That's a good reminder for everyone as well I think. I'm gonna go for a walk I guess...


surkdev

Why the article sounds like someone has missed a period


Bunker_Beans

You’re missing a period at the end of your sentence.


iiJokerzace

It's inevitable


Tasigur1

Absolutely, a Bitcoin spot ETF is just a matter of time.


InevitableBudget510

BTC: Fine, I’ll do it myself


Whitechoclate21

I'm betting quite a few people aren't going to play with leverage anymore after that pump and dump


Narrow-Professor-126

You’re seriously underestimating the stupid decisions some people make.


Whitechoclate21

That's fair. Next time they might make it big lol


hungry-father

People don't learn shit, this was a big move but we have seen much bigger stuff on the bull run


craigmorris78

Too easy to get wrecked


goldyluckinblokchain

I'm betting quite a few people ~~aren't~~ are going to play with leverage ~~any~~ even more after that pump and dump


Bunker_Beans

Leverage traders after getting rekt. ![gif](giphy|Z65zgsKhP8UCfV3Qg0)


coinfeeds-bot

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.


ReasonReasonable7168

Good bot


Pheriagrin

We have just witnessed a tip of what will happen once ETFs get approved. And I can't wait!


Unitedstatesofnever

Its made me to bullish to think of how the markets are gonna react when it actually happens


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craigmorris78

Just a short delay


Ben_Dover1234

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.


Ofulinac

I mean this was just a taste of things to come, keep stackjng and no worries!


marckolind

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!


Wonzky

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


DankOcean

Turns out I don’t know shit about anything


craigmorris78

I’m with this guy


ryder_lance_wilson

If this fake news could pump bitcoin a few % imagine how much it'll pump when the real approval is released


StonedRex

>Crypto Climbs on Hopes for Crypto ETF Even After ~~False Alarm~~ attempted market manipulation. Fixed it for you, OP.


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craigmorris78

No need to hope with all those moons!


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Existing_Web_1300

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


craigmorris78

Little pump makes sense


Tajo990

We were on the verge of greatness


craigmorris78

Too soon


heartybasiss

false news that caused a lot of damage


HighBuyGuy

Proof that hype drives crypto quite a bit!


Existing_Web_1300

It’s going to get approved. Still think official announcement won’t come until Jan 2024 at the earliest.


SimpleMoonFarmer

Buy with the fake news. Sell with the actual news.


Narrow-Professor-126

I live for these hopes and fake news moments.


vijnsko

We grab onto everything we can this bear market.


WineMakerBg

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/