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    SEC CORNERED: Bitcoin ETF Approval Odds SKYROCKET to 75%!



    In the latest developments surrounding the Bitcoin ETF narrative, significant advancements have occurred. Grayscale’s recent legal victory against the SEC has added to the growing momentum towards potential Bitcoin ETF approval. The court’s decision in favor of Grayscale dealt a blow to the SEC’s arguments and leaves them with little room for further resistance.

    Despite the victory, there’s a cautious optimism among the crypto community, with experts estimating the probability of a spot Bitcoin ETF launching this year at 75%, and a staggering 95% chance by the end of 2024. The SEC now faces a 45-day window to respond, during which constructive engagement between Grayscale’s legal team and the SEC continues. The CEO of Grayscale, Michael Sonnenshein, emphasizes the harm that the prolonged delay has inflicted on the investors, urging the SEC to consider the interests of the nearly one million American investors holding GBTC. Meanwhile, other spot Bitcoin ETF proposals, including ones from BlackRock, VanEck, WisdomTree, Invesco, Galaxy, and Fidelity, are also under review.

    The collective sentiment suggests that the SEC is cornered and that its repeated denials have been met with lawful rebuke. This comes in conjunction with speculations on how a potential Bitcoin ETF approval might impact the cryptocurrency market. Financial analysts, including Tom Lee, have speculated on Bitcoin’s price surge, with some predictions stating it could reach over $150,000, while others suggest that an ETF approval could drive the price closer to $50,000.

    This speculation aligns with the broader context of Bitcoin’s market cycles and halving events, indicating that the timing of such an approval coincides well with historical trends that have fueled previous bull markets. While short-term volatility is still expected, the long-term outlook for the crypto market is showing signs of promise, especially considering the legal victories against the SEC and the potential for significant regulatory milestones ahead.

    https://www.cnbc.com/2023/08/29/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html

    https://cryptosavingexpert.com/story/spot-bitcoin-etfs-by-blackrock-bitwise-and-others-approach-first-review-deadline

    https://www.reuters.com/business/finance/whats-stake-grayscales-spot-bitcoin-etf-case-against-sec-2023-08-29/

    https://www.fxstreet.com/cryptocurrencies/news/bitcoin-spot-etf-approval-by-sec-is-a-potential-game-changer-for-btc-price-202307200849

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    *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

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    View 43 Comments

    43 Comments

    6. sun god on

      Such conservative estimates which grossly undervalue how much will actually pour in. Just news of spot etf approval will spark off frenzied buying.
      25b aum related to btc… will double??? 😂😂😂😂 wow. Quite cowardly estimate there ☺️

    8. TRT Community on

      👉 We might all be crazy, yes. However, if the next bull run does arrive (as expected) and does act accordingly (as expected) we won’t be considered crazy anymore. We’ll be among those who took a risk in what they truly believed in, remained resolute in the dark days, and reaped the rewards. 👍

    14. FVCK-UKRAINE on

      That is a good point. Maybe a few foreign LARGE INVESTORS should file lawsuits against the SEC……and the government……they would cave in a minute. we all know the current admin cares more about foreign interests more than citizens.

    25. fernandez darkovic on

      The cryptocurrency landscape is gearing up for a significant infusion of capital, particularly with the anticipated approval of ETFs and the readiness of Ripple's XRP for mainstream adoption. As traditional fiat currencies wane due to inflationary policies, digital currencies are increasingly seen as a more reliable and rewarding investment. Given Ripple's efficient transaction platform and the likely surge of trillions into the crypto market, there's never been a better time to trade. I've personally benefited from following FRANCINE DUGUAY's trading tactics, amassing 21 bitcoins in a short two-month period, which speaks volumes about her expertise.

    27. XRP RIPPLE on

      US Federal HFC congress order meeting September 12, 2023 SEC Gary will get 🔥 good news for XRP Ripples lawsuit victory to the 🌙 $1 land 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

    28. cwesley2005 on

      I got into crypto nov 2021. It has been nothing but pain. I cannot wait until next bull run so I can sell all of it and be happy in my life again. Watching all of my money drop by 70 percent in alts has been gut wrenching. I keep waiting for the pump that never comes. I’m so tired of it.

    33. SF F on

      Not getting ETF this year we got the delay reaction to trillions of stimulus one more large pullback then Bull run ready

    42. Yamden Eden on

      The crypto market has been
      unfavorable for months and i keep losing my
      money selling-off during dips,i'm very scared
      of holding right now,how do you guys still
      make so much

    43. Roger keith on

      I am fortunate I made productive decisions about my finances that changed my life forever. I'm a single mother living in Hk China, bought my second house in April and hoping to retire next year at 50 if things keep going smoothly for me.

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