What are the chances of the Bitcoin ETF getting approved on September 21st?

3 answers

• Nov 24, 2021 · 3 years ago
  The chances of the Bitcoin ETF getting approved on September 21st are uncertain. While there is growing optimism within the cryptocurrency community, the decision ultimately lies with the SEC. The SEC has previously expressed concerns about market manipulation and investor protection, which may influence their decision. However, if the ETF is approved, it could potentially open the doors for institutional investors to enter the cryptocurrency market, leading to increased liquidity and potentially driving up the price of Bitcoin. On the other hand, if the ETF is rejected, it may lead to a temporary dip in the market, but the long-term impact is difficult to predict.
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• Nov 24, 2021 · 3 years ago
  Honestly, it's anyone's guess whether the Bitcoin ETF will be approved on September 21st. The SEC has been known to be cautious when it comes to cryptocurrency-related products, and they have previously rejected multiple Bitcoin ETF proposals. However, there have been some positive developments in the industry, such as the launch of regulated Bitcoin futures contracts. These developments may improve the chances of approval, but it's still a highly speculative decision. Let's just hope for the best and see what happens!
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• Nov 24, 2021 · 3 years ago
  While I can't speak on behalf of BYDFi, it's important to note that the approval of the Bitcoin ETF is not solely dependent on one exchange. The decision lies with the SEC, and they will consider various factors such as market manipulation, investor protection, and the overall stability of the cryptocurrency market. It's an exciting time for the industry, and the approval of the ETF could potentially bring more mainstream adoption to Bitcoin. However, it's important to manage expectations and understand that the decision is not guaranteed.
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