TL;DR
-
There’s a total of 12 ETF applications that have been filed, and folks believe that the SEC will approve all of them at once – so it’s not seen to be playing favorites.
-
It doesn’t really matter. For two reasons.
-
Bitcoin’s price can jump just as effectively off the back of a rumor than it can from real, verified news – and it might have (check out the header image)!
-
Approval tomorrow, or approval next year…as long as its on its way, we’re happy.
-
Full Story
The clock has already started ticking!
Between Nov. 8 and Nov. 17, there’s a brief window in which the SEC could approve a spot Bitcoin ETF.
(Aka a fund that would allow BTC to be traded on the stock market, likely attracting a bunch of new investment).
Here’s the theory being cooked up online:
There’s a total of 12 ETF applications that have been filed, and folks believe that the SEC will approve all of them at once – so it’s not seen to be playing favorites.
(It’s often that the first ETF to launch gains the lion’s share of investment over time – so the early approval of a single fund = a huge advantage).
Now, delays were (conveniently) placed on a handful of applications, which then created a 7 day window of time where all 12 ETFs could be approved at once…
A 7 day window that we’re currently in.
Here’s our two cents on it all:
It doesn’t really matter. For two reasons.
-
Bitcoin’s price can jump just as effectively off the back of a rumor than it can from real, verified news – and it might have (check out the header image)!
-
Approval tomorrow, or approval next year…as long as its on its way, we’re happy.
…that said, if the SEC wants to approve things sooner, rather than later?
We’ll allow it.
