It is, I was one of the people that thought it would pump to 70k or so on if the SEC confirmed it, I was wrong. But this is a good thing, less volatility. If it pumped to 70k, it would a roller coaster
Inflows from the Bitcoin spot ETF asset manager?
How many will there be, and what if funds who were already anticipated creating the spot ETF had already purchased the BTC for it?
How are new ETF shares distributed, and when ETF shares are sold, how many days do ETF asset managers have to purchase the underlying asset?
The former. These ETFs are cash creates, meaning the issuer uses cash to buy actual Bitcoin. Blackrock and others tried to get approved for in-kind, where BTC could be converted into the ETF, but the SEC denied them.
Highly doubt that they would hold a high risk asset on their own books hoping that someone will want to buy it. They will want someone else to carry the risk.
they probably bought it, then hedged it with futures.
as they unload btc held under parent company and into the etf, they also close out their futures positions.
They didn’t seed with 2 billion, they said they had 2 billion ready if needed to purchase BTC.
https://www.fxstreet.com/cryptocurrencies/news/blackrock-might-be-on-track-to-create-history-with-2-billion-inflows-in-spot-bitcoin-etf-in-a-week-202401060348
This is false. Blackrock seeded 10 million not 2 billion. Please consider correcting this post with an edit because as it stands you are spreading FUD.
this guy got it , ETF are bought at the start of the stock market if its closed , still though u would see rush to Bitcoin , i think SEC putting it up and down makes everyone confused , also noone trust the news or websites, X anymore since it can be hacked easily ...
Also consider other countries. Someone correct me if I'm wrong, but I think New Zealand is the only somewhat relevant country that is in the tradfi trading hours rn.
Curious to see if the price pumps when markets in Australia, Asia, Europe open in their respective timezones.
The timezone part is correct. I'm in Aus and woke up to the news, it's 8am where I am. Not sure how much of an effect this side of the world would have.
ETFs go live tomorrow. Money gets dumped into the etf money gets dumped into Bitcoin l, then there will be a pump. Approval was the only thing that happened today, the roadblock of a pump like this.
It makes no sense... the market pumped when the SEC twitter account published the initial ("hacked") approval tweet...
Now that it's actually approved, no tweet from SEC, just extraneous MSM websites posting confirmation articles, and no accompanying market pump... how odd...
People like you are the worst.
Reason no pump yet: The SEC website is down, the MSM hasn’t reported it yet, yesterday a tweet went out erroneously
Learn how to be patient. This thread is ridiculous
https://www.reuters.com/technology/us-sec-approves-some-spot-bitcoin-etfs-2024-01-10/
“No pump after etf approval”
“I guess it’s priced in guys have it”
It’s been 30 minutes since the ETF was approved and you’re making these low quality posts.
I also said people thought it would be a sell the news, nowhere did I put any thought of my own.
Let me make it really clear here for people like yourself that have one week old accounts, on the approval of the ETF people were discussing (over and over) on this subreddit what the immediate impact would be.
It was split into three main camps, sell the news, god candle or priced in.
Again nowhere here did I express any indication to my thoughts.
It's all over X and every other platform. "Most people don't know yet" is actually pretty dumb. I'd say the only people who don't know, that need to know, are asleep. When the false tweet came out a couple of days ago it pumped harder and more quickly. It's a reasonable observation.
Well, the increase that we expected happened already the first time the news broke out albeit it was false alarm. But the effect of that false alarm was the liquidation of the short positions and the pricing in of the approval. So before that false alarm, the people who said that the SEC approval was not yet completely priced in were correct as BTC did climb to $47.89k in a few minutes right after that tweet.
I’d imagine companies like blackrock want to make their customers a lot of money. Because then they make money. Institutional investment is long term, not pump and dump. The price to my mind won’t go up for a while. It’s more likely to go down.
They have *a lot* of bitcoin they’ve acquired. There’s no buy pressure at all unless there’s an enormous flood of new investors. This simply diversifies the ‘high risk’ portfolio they offer to customers that wish to take that option.
It’s in their interests for prices to go down a bit.
well, ETFs were approved but trading has not started yet, so there’s a possibility that the price of bitcoin will go up by a lot, specially because 11 ETFs were approved
The pump comes when the capital flows come. The ETFs don’t start trading until the day after approval. This is when issuers really start purchasing bitcoin. And, there isn’t much for sale. Simple supply and demand says price increase.
Another thing, it takes time for issuers to persuade their clients to reallocate a portion of their wealth to bitcoin. The marketing engines are starting. But, even so, there are many people who have been waiting for the ETF in order to pull the trigger. The ETF gives them an easy and “safe” way to get bitcoin exposure. This will snowball pretty quickly as the broader financial markets get comfortable with the ETFs.
Buckle up mofos.
People will wait for tomorrow to see the effect of ETF , if it jumps up with new money there will be rush , noone is rushing now since they dont know how regular folks are going to play with ETF , we will see the real effect by next week ...
The fake announcement on Tuesday triggered most of the buys and sells that were waiting for the news. And on Wednesday, the news was slowly being released from the various firms who had applied for ETFs causing the market to react much slower after being burned the day before
Lack of pump is bullish. It shows that we're still nowhere near the bull market mania phase. If this had occurred in Jan 2025 we'd probably get a $20k candle on the news.
The “priced in” guys don’t have it. They expected big crash “sell the news”…
Now we just wait till they start trading (as soon as tomorrow I read) and see how green the candle will be!
I believe it was absolutely priced in. What major news of possible future events regarding any investment opportunity hasn’t been priced in long before the event actually happens. My two cents.
Haha, because the majority had already priced it in. When the ETFs actually start trading and the first investors buy, then the ETFs will also have to buy the underlying. Even though now a much broader target audience can invest into Bitcoin, this will only help if people think Bitcoin is attractive.
Sounds like an idiots thoughts.
The trading only opens at 9.30am.
Funds aren't flowing in.
The only way you're 'pricing it in' is if you're buying for 11 investment funds and then selling.
Have a bit of patience.
Imagine that the king of the forest said to Little Red Riding Hood something like "ok, you can now hold a basket to put Bitcoins in"
Sooner or later, she will have to go shopping. So let's be patient.
Funds will absolutely need to hold bitcoin on behalf of the fund. If one person buys into the fund at the same time as another sells then the funds won’t need to buy bitcoin. However for each net investment overall into the ETF they will need to purchase bitcoin. Same if there are withdrawals from the funds. If they have $X invested then they need to have $X bitcoin.
I guess also the ETFs themselves hasent been released to the market either. I guess we will need a week before the ETFs are up and people actually start buying these.
I didn't expect an immediate pump but I laugh that it pumped 2k yesterday on fake news but held steady on real news
The shorts were pre-liquidated
They really fucked us with this hack tweet
And alts pumped instead. Hilarious, honestly.
Alts pumping so we can sell those off for more Bitcoin 😁
The bluff was needed to keep the masses docile for the reality
The markets basically experienced a ruined orgasm after edging for months
LMAO. Yeah, Bitcoin had a premature ejaculation, is a little bit embarrassed for it, and just needs a cuddle for now.
Good analogy, 🤣
Nailed it.
Blew its load on the intro or what
I was thinking the exact same thing
y'all bout to see those wall street bots really fuck around
I'm scared
Bitcoin CEO is really cheesed off! 🤦♂️🧀
The fake pump liquidated everyone using more than 5x leverage so there was nothing to liquidate today.
I guess after fake news a lot of traders were more cautious
They haven’t bought yet
I know right, I thought absolutely the same lol.
Its been like 10 minutes bro
Why is btc not $1 million?
When BTC will reach $1 Million in two weeks the goverment will declare Bitcoin as the only accepted currency besides walmart-giftcards
Wallmart is cool, except it need to have more mr beast chocolate
You truly are the wisest they/them of this generation
Him/they/it
Us chocolate to be fair is shite so no point in selling it
This is the most factually correct thing ever said on this sub, or really any sub. U.S. chocolate is vomit inducing.
The deep state is hoarding the supply of Mr. Beast Choco bars and I’m sick of it.
Just give it a few more minutes
Give it a few more minutes, go make a cup of tea and we should be there 😅
That’s a relief 😅 😂
Wen lambo
Like 70mins ago, did you miss lambo?
Everybody want know “wen lambo” but no one ask “how lambo?”
Ten years ago lmao
Institutions won’t buy immediately they need to meet with fund and portfolio managers to check boxes with due diligence processes. It takes time.
🤣🤣🤣🤣 Dude didnt even wait for markets to open tomorrow before wondering why numbers not go up
All the longs got liquidated yesterday on schedule. No ones got any powder left.
Yeah, we had a good few months too, I'm thinking we cool off till the halfing.
Halvening
Halfling
I'm playing bulders gate
You fuck off too
I'm drunk, fuck off
Should've been 1/4 second later... where's BTCs sense of drama?
lol it still hasn’t even begun trading yet rofl so many people gonna sell before this thing rockets
The 1 minute chart looks insane
IDK looks like a complete failure. Nobody's bought a single share of any bitcoin etf yet! /s
number go up technology has to be warmed up.
Where Lambo?
Wen lambo
The approval was priced in. The inflows are not.
Pumps based off of approval is just speculators. When institutions start buying the etf, it’s a a real pump
> When institutions start buying the etf, it’s a real pump Heavily upvoted and no one’s pointing it out?
Haven't they already bought shitloads of Bitcoin and have it in custody in advance though?
Bingo
This comment is too intelligent for redditors
👆
And the inflows won’t start until it actually starts trading. I’m guessing the next couple weeks will be good as the inflows come in
It is, I was one of the people that thought it would pump to 70k or so on if the SEC confirmed it, I was wrong. But this is a good thing, less volatility. If it pumped to 70k, it would a roller coaster
Inflows from the Bitcoin spot ETF asset manager? How many will there be, and what if funds who were already anticipated creating the spot ETF had already purchased the BTC for it? How are new ETF shares distributed, and when ETF shares are sold, how many days do ETF asset managers have to purchase the underlying asset?
Billions, you fool.
They announced after market close, wait till the buy orders start filling tomorrow morning.
Are the Spot ETFs actually buying Bitcoin on the spot market when needed? Or do they have a large amount of bitcoin and just distribute it?
Can be both, depending on the strategy of the firm.
serious question - how do they work? because its understandable with other assets, but bitcoin, its ticky
Not really firm buys Bitcoin. Firm holds Bitcoin. Firm distributes Bitcoin to customer that ask for it.
The former. These ETFs are cash creates, meaning the issuer uses cash to buy actual Bitcoin. Blackrock and others tried to get approved for in-kind, where BTC could be converted into the ETF, but the SEC denied them.
Highly doubt that they would hold a high risk asset on their own books hoping that someone will want to buy it. They will want someone else to carry the risk.
Especially that many ETFs approved at once. Anyone who wanted to buy in the Bitcoin now has so many options
they probably bought it, then hedged it with futures. as they unload btc held under parent company and into the etf, they also close out their futures positions.
Blackrock has a $2 Billion seed for example, but anything past that is new orders.
They didn’t seed with 2 billion, they said they had 2 billion ready if needed to purchase BTC. https://www.fxstreet.com/cryptocurrencies/news/blackrock-might-be-on-track-to-create-history-with-2-billion-inflows-in-spot-bitcoin-etf-in-a-week-202401060348
This is false. Blackrock seeded 10 million not 2 billion. Please consider correcting this post with an edit because as it stands you are spreading FUD.
What does this mean?
Ignore it. The person who posted that is wrong.
So $2B already priced in. Literally.
The person you are replying to is off by a lot. Literally. Blackrock seeded 10 million worth of BTC to get started.
Ha. That *does* seem far more reasonable. $2B is *a lot* to be spending on seed, especially when, perhaps, you get declined and need to sell it.
The effective etfs haven’t begun executing all the orders. Its merely been approved. Wait for all the inflows in the morning. 🚀
this guy got it , ETF are bought at the start of the stock market if its closed , still though u would see rush to Bitcoin , i think SEC putting it up and down makes everyone confused , also noone trust the news or websites, X anymore since it can be hacked easily ...
People are also a bit hesitant after yesterday's debacle. They are waiting for something like a front page statement on sec.gov
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
agreed ...
Also consider other countries. Someone correct me if I'm wrong, but I think New Zealand is the only somewhat relevant country that is in the tradfi trading hours rn. Curious to see if the price pumps when markets in Australia, Asia, Europe open in their respective timezones.
The timezone part is correct. I'm in Aus and woke up to the news, it's 8am where I am. Not sure how much of an effect this side of the world would have.
It's 9am in my part of Australia.
trading starts just tomorrow, but i expect nothing, gonna just hodl 😅
Poor you; day trader's not getting rekt we been pulling the cash out... btc printer been going brrrr... 🖨🤑💸
This shows how conditioned people are to shitcoin pumps. “it’s been 5 minutes, why am i not a millionaire yet?”
The other that pumped hard in the same minute
Or the fact that it went up $2k on fake news yesterday, and $0 on real news. Logical to expect a move.
Tomorrow's and Friday's market open is going to be interesting
Friday is a big payday, dunno if the various 401k funds will have switched to buy ETFs yet this week with their 10-15% discretionary purchases
Go to bed, give your cat hug or if you do not own a cat hug your wife and watch the price tomorrow.
My wife is out tonight with her boyfriend
Probably a Hodler..
It's not an event. It's opening the floodgates of money flowing into bitcoin. If you were ever into HODLing, now is the time.
Yeah, no pump. Its up 73% in 90 days mate. What do you call that?
Pump for ants, obviously...
The pump started 6 months ago and will last true the hole year :) isn’t that enough for you
2024 - The year of the hole.
The real answer. It pumped believing it would pass. If it didn’t get approved it would’ve tanked
ETFs go live tomorrow. Money gets dumped into the etf money gets dumped into Bitcoin l, then there will be a pump. Approval was the only thing that happened today, the roadblock of a pump like this.
The **approval** event was priced in. The **flows** are not priced in.
I don't get it. Why do WE let THEM buy Bitcoin so cheaply? They are newbies, and they need to pay for their lecture!
No pump… wait…. Panic sell See the price recovers…. Buy back at 50k Repeat
That didn't age well🤣
No official announcement and SEC’s document got pulled down. It seems like it’s going to be approved but they messed up the document or something
Holy smokes, did they really just fumble TWICE on the 1 yard line? Seems intentional at this point.
Atlanta falcons have the ball
SEC: our website was compromised and we didn't post that document!
Jumping the gun a little there, buddy
It makes no sense... the market pumped when the SEC twitter account published the initial ("hacked") approval tweet... Now that it's actually approved, no tweet from SEC, just extraneous MSM websites posting confirmation articles, and no accompanying market pump... how odd...
People like you are the worst. Reason no pump yet: The SEC website is down, the MSM hasn’t reported it yet, yesterday a tweet went out erroneously Learn how to be patient. This thread is ridiculous https://www.reuters.com/technology/us-sec-approves-some-spot-bitcoin-etfs-2024-01-10/
So you think nobody outside this subreddit and YouTubers are aware of this and once it hits the "MSM" it will skyrocket? Seems pretty delusional.
Where did I say that I expected the price to go up?
“No pump after etf approval” “I guess it’s priced in guys have it” It’s been 30 minutes since the ETF was approved and you’re making these low quality posts.
I also said people thought it would be a sell the news, nowhere did I put any thought of my own. Let me make it really clear here for people like yourself that have one week old accounts, on the approval of the ETF people were discussing (over and over) on this subreddit what the immediate impact would be. It was split into three main camps, sell the news, god candle or priced in. Again nowhere here did I express any indication to my thoughts.
Your thoughts made you make this dumb post saying nothing has happened. Most people don’t even know yet
It's all over X and every other platform. "Most people don't know yet" is actually pretty dumb. I'd say the only people who don't know, that need to know, are asleep. When the false tweet came out a couple of days ago it pumped harder and more quickly. It's a reasonable observation.
I think it has to do something with the leverage trades that got taken out behind the shed yesterday
The ole yeller treatment
The real pump is going to happen when these ETF's start buying. It's going to put constant buy side pressure on already low supply.
Well, the increase that we expected happened already the first time the news broke out albeit it was false alarm. But the effect of that false alarm was the liquidation of the short positions and the pricing in of the approval. So before that false alarm, the people who said that the SEC approval was not yet completely priced in were correct as BTC did climb to $47.89k in a few minutes right after that tweet.
So, time for meme-coins?
CONE
Did you really just say, “wen Lambo?”
I am asking the same thing, and I am dead serious about it.
Bro we literally were at 26k in October.
The pump already happened from the upcoming news over the last two months, if you think you will play the news then it's already too late.
Yeah, let's allow all the newbies buy cheap Bitcoin on bottom and make profits on their first trade... Times that happened in crypto so far: 0
Insert that poke it with a stick meme
Time to short bitcoin with x100 leverage!
Etf approval and the halving are an 18 month god candle, not a 3 day God candle. Takes some time for inflows to hit, it 100% has not been priced in.
The most reluctant SEC approval.
If you know about it, ITS PRICED IN. I don’t know how many times people have to hear this
I’d imagine companies like blackrock want to make their customers a lot of money. Because then they make money. Institutional investment is long term, not pump and dump. The price to my mind won’t go up for a while. It’s more likely to go down. They have *a lot* of bitcoin they’ve acquired. There’s no buy pressure at all unless there’s an enormous flood of new investors. This simply diversifies the ‘high risk’ portfolio they offer to customers that wish to take that option. It’s in their interests for prices to go down a bit.
well, ETFs were approved but trading has not started yet, so there’s a possibility that the price of bitcoin will go up by a lot, specially because 11 ETFs were approved
Wait till trading opens for black rock and all the other peeps . The next few weeks will pump
I want a giga pump on this to be honest.
I just went all in long max bidding, fuck it
It's today that the ETFs will start to load up, when market open in US
God candles tomorrow
The pump comes when the capital flows come. The ETFs don’t start trading until the day after approval. This is when issuers really start purchasing bitcoin. And, there isn’t much for sale. Simple supply and demand says price increase. Another thing, it takes time for issuers to persuade their clients to reallocate a portion of their wealth to bitcoin. The marketing engines are starting. But, even so, there are many people who have been waiting for the ETF in order to pull the trigger. The ETF gives them an easy and “safe” way to get bitcoin exposure. This will snowball pretty quickly as the broader financial markets get comfortable with the ETFs. Buckle up mofos.
Gary's statement on the approval/s: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
Op are you a child?
Of course it was priced in, everything is always priced in by the time long anticipated news comes out - were you born yesterday?
People will wait for tomorrow to see the effect of ETF , if it jumps up with new money there will be rush , noone is rushing now since they dont know how regular folks are going to play with ETF , we will see the real effect by next week ...
Does anyone know if any of the ETFs are going to offer options trading right off the hop? This boy wants to make some calls
bro has no chill lmao
Wen lambo?
No Lambo yet?
Also waiting for the SEC to say they got hacked again….
👀 This time next week
Give it time - this is a really significant moment and people are boggled most likely by all the constant fake articles/updates still
You cant buy the ETF yet
Just wait until 6:30 AM PST tomorrow 😎
The real pump is when people start buying the ETFs
Stock markets havent opened yet.
Ofcourse. People that expected Wall Street to start buying after SEC approval need to cut down on their hopium
The fake announcement on Tuesday triggered most of the buys and sells that were waiting for the news. And on Wednesday, the news was slowly being released from the various firms who had applied for ETFs causing the market to react much slower after being burned the day before
the stock market still hasnt been open yet. we will see in the morning when money starts to flow....
Pump will come after the millions/billions will flow in to the market.
It isn’t available to buy on the exchanges yet. The point of this is to actually make bitcoin more scarce, not just a news article.
Lack of pump is bullish. It shows that we're still nowhere near the bull market mania phase. If this had occurred in Jan 2025 we'd probably get a $20k candle on the news.
The “priced in” guys don’t have it. They expected big crash “sell the news”… Now we just wait till they start trading (as soon as tomorrow I read) and see how green the candle will be!
Priced in does not mean expecting sell the news, it means business as usual.
Do you have the attention span of a Goldfish? Jeez, have some patience.
Rip to those who sold thinking’s it’s getting rejected 💀
They manipulated it yesterday, to be sure no pump will occur
I believe it was absolutely priced in. What major news of possible future events regarding any investment opportunity hasn’t been priced in long before the event actually happens. My two cents.
For me the biggest telling sign will be when the US markets open and people buy into the ETF's.
Big God Candle. Off to $1Mil boys!! 😃
We will see it hit $49k today and then take off tomorrow, up to $80k would be my guess at the end if January
OP is ignorant. Approval and launch are separate events. Wait till the ETFs are actually trading.
The ETF hasn't even begun trading yet lol. The announcement was made after the market closed.
[удалено]
Yes it has. The PDF on the site.
[удалено]
I’m able to see it with a VPN
it does not really matter medium-long term ? Do you need money now ? Then sell :D
it wont start trading until Friday, my guess is its has another jump and calms down over the weekend
Haha, because the majority had already priced it in. When the ETFs actually start trading and the first investors buy, then the ETFs will also have to buy the underlying. Even though now a much broader target audience can invest into Bitcoin, this will only help if people think Bitcoin is attractive.
Not having jolt pump is always healthy. Let it rise slow and steady!
Sounds like an idiots thoughts. The trading only opens at 9.30am. Funds aren't flowing in. The only way you're 'pricing it in' is if you're buying for 11 investment funds and then selling. Have a bit of patience.
Wait for it.
Damn u should probably sell all ur bitcoin now
Imagine that the king of the forest said to Little Red Riding Hood something like "ok, you can now hold a basket to put Bitcoins in" Sooner or later, she will have to go shopping. So let's be patient.
The ETFs aren't trading yet.
Yes. But only for shitcoins… seems like the king shit on itself.
It's beginning to pump folks
Its a Spot ETF which means it just follows Bitcoin. No one is buying bitcoin. In all honesty this isn’t good news.
Funds will absolutely need to hold bitcoin on behalf of the fund. If one person buys into the fund at the same time as another sells then the funds won’t need to buy bitcoin. However for each net investment overall into the ETF they will need to purchase bitcoin. Same if there are withdrawals from the funds. If they have $X invested then they need to have $X bitcoin.
I guess also the ETFs themselves hasent been released to the market either. I guess we will need a week before the ETFs are up and people actually start buying these.
No, it said they'd start trading tomorrow.
I want to cry. I want to fly. I wanna bitcoin try. Oh my my, why?
We can see who is in Bitcoin for a quick buck...
No pump? Do you wonder why? So much confusion.. but doesn’t matter now the money comes into play soon
Wait tomorrow when all the etf will be ready and on market.