^Then, Republican Presidential candidate Vivek Ramaswamy also has something to say about that.

https://decrypt.co/154372/vivek-ramaswamy-grayscale-bitcoin-crypto-innovation
Everything is going on our side lately when it comes to the judiciary. But SEC seems to be rock solid at being the checkpoint of everything. It's cool that they want the people to have a safe investment but it's getting out of hand that even those with good purposes are being cornered.
I think this will be the start of a spark in the crypto industry and might as well be the start of another bullish run.

Even if this is just a strategy for Vivek's candidacy it's still good news and I think many will approve of him.

I don't know why SEC still keeps on stopping it while here is the truth that might happen if ever, they just wave their white flag and accept the Bitcoin spot ETF.
https://www.cnbc.com/2023/08/29/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html
Here is one.
And this.
Most supporters of Bitcoin will probably change their mind about SEC if ever they just let it go. It's been taking so long, and they are just making more angry mobs that would lead them to be hated for a long time.
Let's face it, Bitcoin Futures was easily approved because the SEC knew it won't gain any popularity and that's what happened even as of today. Spot Bitcoin ETF will be a different story. This is why they are giving Grayscale a hard time to be approved for a spot ETF.
But I like what Dave Weisberg, CEO of CoinRoutes said on this interview.
https://www.youtube.com/watch?v=Yd0KyBrHV4I
"SEC could lay low against Grayscale, approve BlackRock and Fidelity Spot ETF, and then challenge Grayscale to do the same thing." Because there's no way SEC would win now everywhere they go, even at Supreme Court. They are just prolonging the inevitable.

^And that is how a Spot ETF can affect an asset. Amazing. Thanks for sharing @rdbase about that Gold market history.

We know what's next.
Appeal or not, SEC will not just make it easy for Grayscale, but it might approve Fidelity and Blackrock. But Grayscale will be approved no matter what, the only question is "When?". There go your super delays that SEC would do just to show they have the firm control of everything.

SEC won't have anything anymore to deny the application. All they can do is prolong this battle but soon they will still give it up with maybe some strict rules attached into it.

But when they do approve it, that's when we will see another bull run as other fund companies will start doing it too and I bet Bitcoin can do better than what Gold did after the entry of Spot ETF in the market. This will also be the time we might not see big dumps that could happen. Finally.

The prediction is that after the ETF is approved, it will allow the flow of funds into the market of $150 billion, and of course we think the same about this, it will increase significantly for the crypto market, especially bitcoin and this sentiment will result in a long bullish trend until the end of the 2025 cycle.

Previously I doubted some people on speculation boards who said that it was likely that bitcoin would reach a price level above $150k in 2025, but today I realize that the domino effect of accepting a bitcoin ETF will raise the awareness of people in the financial world who have been skeptical about it. bitcoins.
thanks for the information bro.

Gary Gansler won't last long, if he doesn't quickly pass the decision to approve ETFs and stick with his thinking, he won't last long at the SEC, I can assure you of this.

Thank you in advance.

What show in this article in my opinion is from the effect of submitting ETF Bitcoin by Blackrock and others, so they also do not want to be left behind, although this Franklin Tampleton has no long experience like blacrock or fidelity but it seems they also see with the potential of ETF Bitcoin This can benefit their platform.

I really can't wait that they can trade ETF Bitcoin, Gery Gansler really must be fired in the SEC position.
But do you think that there are other people/groups who forced GanSler's gery to forbid the Bitcoin ETF agreed to be traded?

I am not so sure about that found fact now @Reid as we have seen the bitcoin price surge by $7000 over the past 72 hours since there was some news about the biggest hedge fund investment company has mentions of the spot ETF filings coming this month:
https://cryptoslate.com/blackrock-could-seed-spot-bitcoin-etf-by-end-of-october-filing-suggests
https://coingape.com/blackrock-seed-spot-bitcoin-etf-october

What else could explain it raising from $26,665 all the way to where it is now at $33,757 as of writing this?
https://cryptopotato.com/blackrock-ceo-larry-fink-shares-thoughts-on-a-bitcoin-btc-bull-run

There is also an iShares ticker symbol somebody noticed and posted it on X earlier today.
So this is looking quite promising that it will actually become a reality really soon.

That is probably what spurred this deadhorse on forward with bitcoin Spot ETF approval actually!

https://twitter.com/TheFlowHorse/status/1716551098951950481

They did blame their disasterous blunder on an intern afterall!
"Hey where is our meme guy!?
We need a recut of the “Have we started a fire” Bane scene with
@Cointelegraph intern going down in the plane."
https://twitter.com/TheFlowHorse/status/1716552051226710024

People never stop reacts emotionally on the market that can not have market waves if people can control their emotion better and if everyone can control their emotion and actions perfectly, market will be very boring.

Because they can not control emotion, the psychology of market cycles still work very well for market markers and whales in any market.

I expect Bitcoin will have significant correction within one week or two weeks because ending week or starting week of each month is very sensitive with big movements.

MMCrypto is the worst source for any information.
They had it removed from your linked tweets on October 24th the BlackRock ETF, but have since added it back.
https://blockworks.co/news/blackrock-ibtc-dtcc-etf

They had it listed back in August but nobody noticed until the beginning of October. We all know why they had removed BlackRocks application: due to the commotion it has caused the price to spike. And they don't want that to happen so soon.

CryptoRUs reported on this in his last livestream about 9 hours ago:
https://www.youtube.com/watch?v=54Jk71NHAXE

I would rather listen to what George from CryptoRUs has to say rather than the guy on MMCrypto which looks to on something or has had way to much coffee right before his own livestreams. He has a wildin' look in his eyes everytime I see those video thumbnails on youtube.

You can't go by what these people who are relying solely on big institutional investors money to come in and save the day for bitcoin to surge back to $68,000. Just look at Cathy Wood, CEO of Ark Invest for example.
She is saying "bitcoin to $1,000,000!" just a week ago but now she sold when it hit $35,000 yesterday.
Bitcoin Spot ETF Ark Invest application- Paul Barron
https://www.youtube.com/watch?v=u8RBEOLa4p4

Today the SEC meeting is scheduled and bitcoin's price surged past $35.5k on the speculation they might announce an approval to one of the applications:
https://www.investing.com/news/cryptocurrency-news/crypto-markets-eye-sec-meeting-as-btcspot-etf-awaits-approval-93CH-3215101