bitcoinetfs!

#ai The spot Bitcoin ETF approval has been the talk of the market and in the middle of the speculations, the SEC has given a scoffing remark.
The spot #BitcoinETFs! approval has been the talk of the market and in the middle of the speculations, the SEC has given a scoffing statement about people jumping on the bandwagon of digital assets. The regulatory authority took to planform X and published a detailed report on Saturday warning investors to say no to “FOMO” of “digital assets”.
SEC warns against digital asset FOMO amid spot #BitcoinETF💰💰💰 approval
With the likelihood of approvals increasing, a lot of cryptocurrency investors are looking forward to the licensing of spot Bitcoin ETFs. However, in a twist of events, the SEC has tried to clear its slate on how it perceives the world of cryptocurrencies by publishing a rather jeering report.
The report saw the SEC telling investors to stay away from the FOMO of virtual currencies. It also talked about how digital assets can be “overwhelming” and “complicated” to understand.
Additionally, the study included details about people making financial decisions based on recommendations.
“You may see your favorite athlete, entertainer, or social media influencer promoting these kinds of investment opportunities. Although it’s tempting, never make a decision to invest based solely on their recommendation.”, SEC added in the report.
SEC’s past tussle on #etf approvals
Approval for a spot Bitcoin ETF has been on the cards for the past ten years. However, each time SEC has rejected all filings that crossed the tables. Multiple asset managers have applied for permission to launch spot bitcoin ETFs since 2013, but the SEC rejected them, arguing the products would be vulnerable to market manipulation.
Even recently, Bloomberg’s Michael P. Regan believes that the battle between the largest crypto trading platform Coinbase, and SEC could result in a hesitance in a smooth approval of spot-Bitcoin ETF or a possible delay in the process.
SEC’s sarcastic comment like the one posted today when the possible decision date is around the corner could drag all the positive expectations into the doldrums.
Will January 11 be the final Bitcoin ETF Launch?
Earlier, CoinGape reported that the SEC commissioners would hold a vote on the approval of Bitcoin ETFs early in the next week. Adding to the same fuel, a Bloomberg Intelligence analyst, quoted sources saying that the SEC officials are preparing all the applicants for a Bitcoin ETF launch on January 11, 2024.
Following the suit, Reuters quoted executives and representatives of five investment management firms stating that the final discussions involving SEC officials and stock exchanges happened in the right direction towards a spot ETF approval early in the week starting January 8.#XAI
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@wisegbevecryptonews9

#BTC El fundador de Matrixport aborda la volatilidad del mercado tras el informe, enfatizando el análisis independiente y la confianza a largo plazo en el futuro de Bitcoin.
El reciente informe de Matrixport sobre la probabilidad de aprobación por parte de la SEC de EE. UU. para un ETF de Bitcoin al contado #BitcoinETFs! ha causado ondas en el mercado de criptomonedas. Jihan Wu, el fundador de la firma de servicios financieros cripto, ha salido al paso para abordar los desconcertantes contenidos del informe, que han sido fuente de intenso debate entre #investors y analistas del mercado.
Las afirmaciones cuestionables de Matrixport bajo lupa

#Write2Earn Nassim Taleb reversed from his pro-Bitcoin stance three years ago all of a sudden, calling #BTC ‘a failure’
Contents
Taleb's arguments against Bitcoin
"Bitcoin failed as hedge against banks"
Scholar and risk managing expert, author of bestselling books, including “Black Swan” and “Antifragile”, Nassim Nicholas Taleb suddenly backed from his pro-Bitcoin position exactly three years ago to become a rigid BTC critic.
It happened a few months before Bitcoin his its first all-time high in 2021 - $63,000.
Taleb's arguments against Bitcoin
In his tweet published on February 12, 2021, Taleb stated that he had began getting rid of his Bitcoin holdings. Explaining why he began to do that, the scholar wrote that “a currency is never supposed to be more volatile than what you buy and sell with it.”
Taleb also pointed out that “you can’t price goods in BTC,” therefore Bitcoin turned out to be a “failure” in that respect.
Another thing that the renowned “Black Swan” author began criticising Bitcoin for was its lack of transparency and the ability to be used for tax evasion and money laundering – Taleb mentioned these criteria as the main factors the appeal of a cryptocurrency depends on. The thing is here, he says then that “BTC is more tractable than cash”. Even gold can be made intractable - “You can anonymize a gold coin by remelting it. You can rework a spoon” but not Bitcoin.
Besides, Taleb pointed out that Bitcoin volatility does not decline over time or even if the price begins to increase.
"Bitcoin failed as hedge against banks"
When asked whether Bitcoin has succeeded as “an asset and a hedge against central bank irresponsibility”, Taleb responded that BTC had failed here as well.
In early 2023, the US was struck with a banking crisis and Silvergate, Silicon Valley Bank, Signature Bank and First Republic Bank crashed; almost all of them were bailed out by the US government.
During these events, the global flagship cryptocurrency surged from $23,000 to over $30,000.
Besides, Taleb never commented on the approval of spot #BitcoinETFs! . According to many market experts, including angel investor Anthony Pompliano, “Wall Street loves Bitcoin” now.
This started when the aforementioned #ETFs got approved a month ago. Two of them have seen $3 billion worth of inflows during the first month of trading among the 5,500 ETFs launched in the past 30 years, according to Pompliano.#TrendingTopic

#BTC La aprobación y lanzamiento del #BitcoinETF💰💰💰 al contado provocará un cambio de paradigma en el #ECOSYSTEM financiero y los RIAs se unirán al tren por muchas razones
Muchos inversores cripto están anticipando la llegada del #BitcoinETFs! al contado, con la especulación de aprobaciones ahora más fuerte que nunca. Arrojando luz sobre lo que depara el futuro para el mercado, el principal asesor de inversión, Bruce Fenton, ha compartido ideas sobre las 7 razones clave por las cuales los Asesores de Inversión Registrados (RIAs) se unirán al tren.
ETF de Bitcoin al contado: un Producto para Todos

#Write2Earn Bitcoin investors on high alert as Bitcoin #ETFs see jaw-dropping $631 million inflows in one day
#BitcoinETFs! have witnessed a remarkable surge in investment activity, with a substantial influx of $631 million reported in the past 24 hours. According to data from BitMex Research, eight Bitcoin ETFs collectively accumulated 12,736 #BTC during this period, indicating a significant uptick in investor interest.
Leading the charge is IBIT, the iShares Bitcoin Trust managed by BlackRock, which secured a whopping 9,949.3 $BTC , valued at nearly half a billion dollars. Following closely behind, Fidelity made a substantial addition of 3,301.3 BTC to its FBTC ETF, amounting to $163.6 million.
However, amid this surge, Grayscale recorded a decrease in holdings, cutting 1,469.4 BTC, equivalent to $72.8 million.
The dominance of iShares Bitcoin Trust on the ETF landscape remains apparent, now holding a commanding 105,218.3 Bitcoin, valued at $4.69 billion. In terms of holdings, Fidelity's Wise Origin Bitcoin Fund follows with 76,736.2 BTC, while Bitwise Bitcoin ETF rounds up the top three with 18,909.6 BTC in its portfolio.
Numbers go up
This influx of investment coincides with a notable surge in the market performance of BTC, with prices surging by over 6.1% today, reaching local highs at $51,686. If buying pressure from spot Bitcoin ETFs continues at current levels, BTC could rise to $112,000 this year, suggested the CryptoQuant CEO earlier this week.
BTC to USD by CoinMarketCap
This surge in inflows underscores the growing mainstream acceptance and investor confidence in Bitcoin and its associated financial instruments.#TrendingTopic