SEC Tweet Sparks Fresh Speculation Over Bitcoin ETF Təsdiqi

By Bitcoinist - 2 il əvvəl - Oxuma vaxtı: 3 dəqiqə
Per, 14 Oktyabr 2021 7:57

SEC Tweet Sparks Fresh Speculation Over Bitcoin ETF Təsdiqi

Let the speculation begin! The official Twitter account of the United States Securities and Exchange Commission (SEC) has reissued a bulletin educating investors on “the potential risks and benefits” of a Bitcoin Birja Yatirim Fondu or “fund” which has the cryptocurrency community spiraling over the possible implications.

Those implications are that the tweet is a subtle hint that a Bitcoin ETF is near approval – something that a decision should soon be made on before the month is over. Could this be the news event that sends the cryptocurrency to new all-time highs?

Speculation Runs Wild As SEC Tweets About BTC “Fund”

As a branch of the United States government, SEC isn’t just tasked with protecting investors, it must also educate investors as part of planning and prevention.

For example, the SEC devised the Howey Test to determine if an asset is a security or otherwise. If it is, it would then fall under its purview. In the past, the SEC created a Howeycoin website specifically to show crypto investors what a scam would look like.

Əlaqəli Oxu | Bu Perspektiv Son Ayağın Nə Olduğunu Göstərir Bitcoin Oxşayır

Their most recent tweet has shared a reminder about the potential pitfalls of “investing in a fund that holds Bitcoin futures contracts,” along with bir keçid daha ətraflı məlumat üçün.

With potential Bitcoin Birja Yatirim Fondu – which stands for exchange-traded fund – approvals on the horizon, speculation immediately turned to how the tweet basically meant an ETF approval was “inevitable.”

Well, guess this means an ETF is inevitable.

— qeyri-adi_balinalar (@unusual_whales) Oktyabr 14, 2021

Could The Debut Of A Futures-Based Bitcoin ETF Lead To Cycle Climax?

But it is important to note that the link shared by the SEC’s investor education handle links off to a page created in early June, and might not be the smoking gun connection to a Bitcoin Birja Yatirim Fondu approval conspiracy that the community thinks it is.

Still, with several potential Bitcoin ETFs that could be approved as early as this month, the timing certainly is suspect. “VanEck, ProShares, Invesco, Valkyrie and Galaxy Digital” will all be decided on before the month is over, görə CNBC.

During the bear market, when an ETF would fail to pass approvals, Bitcoin price would tank as a result. Another failure here could caused a double-top scenario in the leading cryptocurrency by market cap, while an approval would likely lead to a blitzkrieg of full blown BTC FOMO.

Əlaqəli Oxu | Bitcoin Is “The Loudest Monetary Fire Alarm” In Finance

The SEC’s tweet does reference a fund that holds Bitcoin futures contracts, which in theory could allow institutions to gain access to short positions on the cryptocurrency. The last time a major new platform debuted that let institutions short BTC, it was the launch of CME Bitcoin gələcək, and it was the exact top of the last cycle.

Will the eventual Bitcoin ETF be this cycle’s CME?

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Orijinal mənbə: Bitcoindeyil