***Bitcoin ETF approval ends in massive dump - THIS IS WHY! (2024)

***Bitcoin ETF approval ends in massive dump - THIS IS WHY!
SonDaniel Crypto63followers

2 months ago

39

FinanceCryptoETFDUMPPrice ActionRedBearishBTCCryptowhat is bitcoincryptocurrency

1 clip from the Champions Stream, and 1 from the Live Stream the day prior to the ETF approval to show why I was very interested in the short from the nPOC, which ended in perfect reaction and me opening a new short trade.

Music:Matrix
Empty House, Killas Outside, Drill Trap.wav
https://freesound.org/people/MATRIXXX_/sounds/657339/

Creative Commons License
Bitcoin ETF approval ends in massive dump - THIS IS WHY!
Author: Chart Champions
https://www.youtube.com/watch?v=m88fKBc-MQU

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***Bitcoin ETF approval ends in massive dump - THIS IS WHY! (2024)

FAQs

Why was bitcoin ETF not approved? ›

The SEC has previously rejected all spot bitcoin ETF proposals over fears of market manipulation. Accounts on X, like accounts on other social media platforms, are sometimes hijacked by stealing passwords or tricking targets into giving up their login credentials.

Is there a spot approval for BTC ETF? ›

But wait — weren't there already Bitcoin ETFs on the market? Yes and no. There were already crypto-related ETFs and trusts out there, but there has never been a spot Bitcoin ETF on the market before the Jan. 2024 approval.

Will bitcoin go up after ETF approval? ›

The introduction of a bitcoin spot ETF is expected to significantly impact bitcoin's price due to increased accessibility and liquidity. This increased demand, coupled with bitcoin's finite supply, will likely drive prices up.

How many bitcoin ETFs are approved? ›

The 11 Approved ETFs

Bitwise Bitcoin ETF (NYSE:BITB) Blackrock's iShares Bitcoin Trust (NASDAQ:IBIT) Franklin Bitcoin ETF (NYSE:EZBC) Fidelity Wise Origin Bitcoin Trust (NYSE:FBTC)

What's happening with Bitcoin ETF? ›

“BTC spot ETFs demonstrated staggering trading volumes, signaling significant interest from traditional investors by reaching a new all-time high of over $1 billion of inflows in a single day on March 13, 2024,” 21Shares said.

Is it better to buy Bitcoin ETF or Bitcoin? ›

Key Points

There are several benefits to owning the actual Bitcoin by purchasing through a cryptocurrency exchange. In some situations, the ETFs offer investors all they need. The decision between the two will come down to personal preference and technological savvy.

What day will the bitcoin ETF be approved? ›

Ten years after the first spot Bitcoin exchange-traded fund application was filed in the U.S., the Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs on January 10, 2024.

At what time will bitcoin ETFs be approved? ›

On January 10, 2024, the US securities regulator approved the first US-listed exchange-traded funds to track bitcoin, in a watershed for the world's largest cryptocurrency and the broader crypto industry.

Which bitcoin ETF is most successful? ›

Ranking the Largest Bitcoin ETFs in the U.S.
ETF NameTickerAUM
Grayscale Bitcoin TrustGBTC$22.7B
iShares Bitcoin Trust RegisteredIBIT$6.6B
Fidelity Wise Origin Bitcoin FundFBTC$4.7B
ARK 21Shares Bitcoin ETFARKB$1.6B
4 more rows
Mar 11, 2024

What happens when ETF ends? ›

ETFs may close due to lack of investor interest or poor returns. For investors, the easiest way to exit an ETF investment is to sell it on the open market. Liquidation of ETFs is strictly regulated; when an ETF closes, any remaining shareholders will receive a payout based on what they had invested in the ETF.

Is there a 3x bitcoin ETF? ›

A 3x Bitcoin ETF aims to offer investors the opportunity to leverage their investment, amplifying the potential returns or losses to three times the performance of the Bitcoin index or benchmark it follows.

What are the 11 bitcoin ETFs approved? ›

The approved ETFs are products from major financial players such as Grayscale Bitcoin Trust GBTC, BlackRock's iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB),Bitwise Bitcoin ETF (BITB),Invesco Galaxy Bitcoin ETF (BTCO),WisdomTree Bitcoin Fund (BTCW),VanEck Bitcoin Trust (HODL),Franklin Bitcoin ETF (EZBC), ...

Are bitcoin ETFs coming to the US stock exchanges? ›

SEC Finally Approves Bitcoin ETFs

The SEC's approval list on Wednesday included ETFs from ARK Invest (ARKK), BlackRock (BLK), VanEck, WisdomTree, Fidelity, Invesco, Franklin Templeton, Bitwise and Valkyrie.

Did the spot ETF get approved today? ›

"While we approved the listing and trading of certain spot bitcoin (ETFs) today, we did not approve or endorse bitcoin," Gensler said in the statement. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."

Where can I buy spot bitcoin ETF? ›

Spot Bitcoin ETFs are available at many online brokers that offer ETFs, often with no trade commission. One major brokerage, Fidelity, had its own spot Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), approved.

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