Bitcoin and Ethereum ETF Timeline: Key Dates for BTC and ETH Spot ETFs

Numerous Bitcoin and ethereum exchange Traded funds are available worldwide With the vast majority being categorized As Futures ETFs these allow traders to Bet on the price of Bitcoin or ethereum By investing in Bitcoin or ethereum Futures contracts which are agreements To buy or sell assets at a predetermined Price at a future date cryptos spot ETFs On the other hand provide direct Exposure to the underlying Cryptocurrency Traders or investors Acquire these assets at their spot price Through through a spot ETF eliminating The need to directly handle or manage The underlying cryptocurrency which is Commonly thought of as a complex task The ETF holds the Bitcoin ethereum on Behalf of the ETF shareholders within a Trust with ETF shares representing Ownership of a portion of this trust Because these funds need to purchase Actual Bitcoin from the spot Market many Believe that spot ETFs are superior to Futures ETFs since they influence the Real demand for Bitcoin on the spot Market and therefore or impact the price Of Bitcoin furthermore the world's Largest asset manager Black Rock has Filed an application for a spot Bitcoin ETF with a track record of 575 to1 for ETF approvals the crypto industry is Highly anticipating the potential Approval of the first spot Bitcoin ETF

Spot ETFs are traded on exchanges like Regular stocks allowing for easy buying And selling during Market hours but as Of yet there are currently no Bitcoin Spot ETFs approved in the United States 2023 has seen a wave of Bitcoin spot ETF Applications from major traditional Finance institutions the SEC approval Process for a Bitcoin spot ETF starts With the ETF sponsor submitting an Application the SEC then reviews the Application publishes it for public Comment and may ask for amendments key Dates are set for decisions including Approval denial or delays for further Review this is typically expected for a First ofit kind ETF in the United States there has also been a wave of Ethereum spot ETF applications in recent Months these follow the same approval Process as for all ETFs unlike the Bitcoin spot ETFs the timelines for Ethereum spot ETFs are more vague and Less Publicized the approval of a Bitcoin Spot ETF would be one of the most widely Anticipated developments in the Cryptocurrency sector with some Believing that it will lead to an Enormous influx of investment from Various entities according to a recent Report by analysts at American Multinational Investment Bank JP Morgan

Bitcoin spot ETF approvals are likely Within months with the earliest deadline Currently set for January of 2024 the First approval could be less than 3 Months away meanwhile Bloomberg senior Analyst Eric balunis places the odds of A Bitcoin spot ETF approval at 75% by This year and 95% by the end of next Year with the approval of a Bitcoin or Ethereum spot ETF in the United States The Floodgate will be open for a range Of entities that have previously had Little to no exposure to bitcoin or Other crypto assets these include family Offices hedge funds Sovereign wealth Funds and Pension funds though it is Impossible to predict exactly how this Will impact Bitcoin or ethereum's market Dynamics some analysts have attempted to Run the numbers with one analyst Speculating that the major ETFs could Receive upwards of a hundred billion in Inflows over the next 2 years slightly More if you counts self-managed retail Positions indeed on October 16th of 2023 Coin Telegraph erroneously tweeted that The US Securities and Exchange Commission had approved Black Rock Spot ETF application this resulted in an Instant influx of capital into Bitcoin Sending its price soaring now with high Hopes that a Bitcoin and ethereum spot ETF approval is just a matter of time Both coins have seen a dramatic uptick

In value with Bitcoin surpassing 35,000 And reaching its highest price since mid 2022 so now I'll pass the question Question off to you guys where do you Think the price of Bitcoin or ethereum Is going to go given the approval of a Spot ETF let us know in the comments Down below we'll see you guys in the Next One

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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