SEC Tweet Sparks Fresh Speculation Over Bitcoin Nkwado ETF

By Bitcoinist - 2 afọ gara aga - Oge Ọgụgụ: 3 nkeji
Tọzdee, Ọktoba 14, 2021 7:57 ehihie

SEC Tweet Sparks Fresh Speculation Over Bitcoin Nkwado ETF

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 ETF 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, nke 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.

Ọgụgụ metụtara | Echiche a na-egosi Ihe Ụkwụ Ikpeazụ Na-adị Bitcoin Ọ Dị ka

Their most recent tweet has shared a reminder about the potential pitfalls of “investing in a fund that holds Bitcoin futures contracts,” along with njikọ ịmụtakwu ihe.

With potential Bitcoin ETF – 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.

- ihe ọhụrụ_whales (@unusual_whales) October 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 ETF 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, dị ka CNBC si kwuo.

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.

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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 futures, and it was the exact top of the last cycle.

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

soro @TonySpilotroBTC na Twitter ma ọ bụ site na TonyTradesBTC Telegram. Ọdịnaya bụ agụmakwụkwọ na e kwesịghị ịtụle ndụmọdụ itinye ego.

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