Cryptocurrency Q&A
Will bitcoin ETF approvals be a 'done deal' by Q4 2024?
Will bitcoin ETF approvals be a 'done deal' by Q4 2024?
MysterylitRapture
Sat Jul 13 2024
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6 answers
1230
With the ever-evolving landscape of cryptocurrency and financial regulations, the question of whether bitcoin exchange-traded funds (ETFs) will secure approvals by the fourth quarter of 2024 remains a hot topic. As regulators grapple with balancing innovation and investor protection, investors are left to speculate on the likelihood of this 'done deal'. Given the significant market potential and increasing institutional interest in bitcoin, many are hopeful that the regulatory framework will catch up to the technology's rapid progress. However, with a history of delays and rejections, the path to approval remains uncertain. Will regulators be able to strike the right balance between facilitating investment access and maintaining market integrity? The coming months and years will likely provide crucial insights into this ongoing debate.
6 answers
Lorenzo
Mon Jul 15 2024
Seyffart, in his latest post on X, has offered a bold prediction regarding the approval of spot Bitcoin ETFs.
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Michele
Mon Jul 15 2024
He estimates that by the fourth quarter of 2024, the likelihood of these approvals will be virtually assured, with the odds skyrocketing to a staggering 95%.
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Federica
Sun Jul 14 2024
This significant increase in confidence stems from the growing momentum and acceptance of Bitcoin and other cryptocurrencies in the financial markets.
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Valentino
Sun Jul 14 2024
Balchunas, another industry observer, echoes Seyffart's sentiment, noting that in the wake of recent legal and public relations challenges, a denial by the SEC would be politically untenable.
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Bianca
Sun Jul 14 2024
The SEC's decision, she argues, is being closely watched by regulators and policymakers worldwide, and a rejection could have significant implications for the reputation and credibility of the agency.
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