Welcome to my blog here I’m going to talk about Bitcoin ETF. So there are 13 ETF applications are pending And everyone keeping an eye on them Even one approval can bring a very good uptrend in the market. BlackRock Bitcoin ETF, Grayscale Bitcoin, Ark/21Shares Bitcoin, Bitwise Bitcoin ETF, WisdomTree Bitcoin, VanEck Bitcoin, Valkyrie Bitcoin, Fidelity Wise Origin Bitcoin, Invesco Galaxy Bitcoin ETF, Global X Bitcoin, Franklin Templeton Digital Holdings, Pando Asset Spot Bitcoin and Hashdex Bitcoin ETF applications are pending.
You can see that even a rumour driving a market So right now, people are waiting for it badly. We have seen the last pump and after 24 hours dump came because there were rumors regarding Bitcoin ETF approval and now rejection. There is a higher chance that they will approve at least the BlackRock ETF application even though the SEC is against the crypto because Blackrock is the biggest fund management company in the world That is why Crypto investors are bullish Because only this one ETF application approval can bring bull rally In the crypto season.
SEC Chairperson Gary Gensler fighting against the Crypto industry for a long time. As you know then some time ago he lost the case against Greyscale And this brought positivity to the market So this is the second ETF application after BlackRock which is likely to be approved. There is a greater chance that the grey scale application will be approved because they already won the case the second is the Blackrock because BlackRock is a big entity. It is also beneficial for the other 12 companies Because they have a chance to get ETF approval as well.
Anyway, it seems like soon we’ll see at least one approval for sure. And this will bring good positivity in the market So this is positive news for now. But in the future, there are some consequences that Cryptocurrency investors will face And I have already talked about this particular thing in my old post So the big consequence is less volatility less fluctuation in the market. As I said, Black Rock is so big, that it will surely control the market, because they came into the crypto industry. The crypto industry is still small for them So I do not know what is going to happen, but, surely They are going to control the price. volatility is the thing that help us to make more money in cryptocurrency. If we see other markets, then there is no volatility I mean, there is volatility, but it is not like cryptocurrency So that is why Crypto is highly risky at the same time, It is highly profitable.
People who have been in the cryptocurrency market for a long time Know what is the strategy and How the market works. They follow the Bitcoin halving cycle, and they are making a profit according to the Bitcoin halving cycle But now it is going to be difficult in the future because Blackrock has entered the game I want to know your opinion on this particular topic right now all the crypto investors are waiting for the ETF approval. Etf news will bring something positive If you find this post helpful for you, you should share it on different social media sites I will meet you in my next blog. Till then, take care
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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