coindesk.com The exchange's website listed six bitcoin ETF applicants to start trading tomorrow (though the SEC Hasn't Approved Them Yet) https://www.coindesk.com/business/2...ing-thursday-ahead-of-secs-official-approval/ Jan. 10th, 2024 at 11:44 a.m. PST Cboe Global Markets said six spot bitcoin (BTC) exchange-traded funds will be listed and start trading on its stock exchanges on Thursday. The Ark 21 (ARKB), Fidelity (FBTC), Franklin Templeton (EZBC), Invesco (BTCO), VanEck (HODL) and WisdomTree (BTCW) bitcoin ETFs appeared on the exchange operator's "New Listings" page on Wednesday. The listing doesn't mean that the ETFs will be approved by SEC. The commission still needs to approve the applicants' 19b-4 and S1 filings. "We are still awaiting SEC approval of our spot bitcoin ETFs," a Cboe spokesperson said. "The notices posted to our website are standard procedure in preparation of an ETF launch." For full coverage of bitcoin ETFs, click here. The notice comes ahead of potential official approval on Wednesday from the U.S. Securities and Exchange Commission. Approval of bitcoin ETFs would broaden bitcoin access to more investors, who wouldn't have to go to a crypto exchange, potentially providing an easier way to buy the world's largest digital asset. There are about a dozen applicants for bitcoin ETFs that are awaiting approval from the SEC. The battle to capture bitcoin ETF market share has already heated up between the applicants as peers continue to lower their fees ahead of the potential green light.
Curious that the SEC has a closed door (not open to the public) meeting scheduled for tomorrow:- https://www.sec.gov/news/upcoming-events/closed-meeting-011124 Might have been planned days/weeks in advance and nothing to do with BTC at all. Who knows?
Shit is going to get very interesting starting 9:30 EST tomorrow, particularly with the pre-existing Bitcoin & Ethereum ETFs traded on the TSX with listed options.
Yes, it is a bubble, so get off your moral high ground and start making money before it pops. Whatever you say, nobody's gonna listen to ya. I've learned that lesson early in my career when I shorted bunch of tech companies during the Internet ga-ga era that I thought were, for the lack of better word, trash. Needless to say, I've got reamed and lost a fortune. It was at that point that I realized that fundamentals don't matter in trading. Only price counts because everything is already factored in. BTW most of those trashy companies went under in the aftermath of the 2000 crash. And was I feeling vindicated at last!
sigh .... There goes my Mother-of-all-mega-Tulipmania dream. So, continue to wait and wait and wait ....
I was going to say you were right on your trade but of course as always wrong on the timing.... Today you can make even more money with these 3x etfs. There are some bull 3x etfs that if you time it right and even start to slowly short and add more short shares s it goes higher that once these drop you can make huge returns. I'm following a few now that may of course keep running but once the market gets the slightest of pull backs these 3x etfs can fall easily by 1/3.... What were you short?? The globe .com B2b companies Netoy Etoys AOL Amazon Csco Dell Msft Geeknet InKT And of course this time it's different.....