CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

US Bitcoin ETF Approval: A Turning Point in Crypto History?

08.09.2023
A A
0
128
VIEWS
ShareShare

Unbeknownst to the general public and even some crypto natives, a seismic shift in the Bitcoin landscape will unfold. The U.S. Securities and Exchange Commission (SEC) will likely approve a Bitcoin Exchange-Traded Fund (ETF) by the end of 2023. Hence, what has been a pipe dream since 2013 could finally materialize, potentially revitalizing the crypto market.

Despite a decade of rejections, recent developments suggest a turning tide. Until this year, the SEC had shot down every proposal, including over 30 since 2021. Moreover, there are currently ten active applications from significant institutions. To the uninformed observer, the same old story of rejection is set to repeat. However, that would be a naive assumption.

Two Landmark Developments

Significantly, two monumental events have swung the pendulum toward approval in the last three months. First, BlackRock, a heavyweight in asset management, submitted a Bitcoin ETF application on June 15. CEO Larry Fink’s subsequent favorable comments on Bitcoin depart from his previous skepticism. BlackRock boasts an impressive 99.8% approval rate for ETF applications, adding weight to the growing momentum.

Additionally, other renowned institutions like Fidelity and Ark Invest have followed suit. Their applications are now under review, with decision deadlines closely aligned. Consequently, the high caliber of current applicants is heralding what looks to be an inevitable approval.

Secondly, Grayscale’s landmark court win on August 29 bolsters the case for approval. The court ruled that the SEC’s denial of Grayscale’s spot Bitcoin ETF was “arbitrary and capricious.” While not a guaranteed green light, the court’s decision forces the SEC to re-evaluate its stance.

Anticipating Market Reactions

However, even though the SEC recently delayed decisions, experts remain optimistic. Both JPMorgan analysts and former SEC Chair Jay Clayton believe approval is forthcoming. Therefore, considering the sheer scale and credibility of the applicants, we might even see multiple licenses simultaneously.

What happens post-approval? An influx of investment into Bitcoin seems inevitable. An ETF lowers the entry barriers, offering an attractive route for Americans wary of crypto exchanges. Institutions understand this, making the ETF a lucrative opportunity for those previously on the fence about crypto investments.

In the long term, the finite supply of Bitcoin and increased demand from a broader investment base could push prices higher. If gold’s trajectory post-ETF approval in 2004 is any indication, Bitcoin could see similar, sustained growth.

In summary, despite recent delays and a bearish market, the winds are changing. By year’s end, a Bitcoin ETF could bring the dormant giant back to life, marking a historic milestone in crypto’s journey to mainstream acceptance.

The post US Bitcoin ETF Approval: A Turning Point in Crypto History? appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined

BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

How Much is Bitcoin Worth Right Now? Real-Time Price and Key Market Insights

How Much is Bitcoin Worth Right Now? Real-Time Price and Key Market Insights

12 months ago
Top Crypto Gurus Are Quietly Buying This Meme Coin – What’s So Special About It?

Top Crypto Gurus Are Quietly Buying This Meme Coin – What’s So Special About It?

1 year ago
Shiba Inu Multi Million Dollars Whale Reactivated, Right Time to Buy SHIB?

Shiba Inu Multi Million Dollars Whale Reactivated, Right Time to Buy SHIB?

2 years ago
Victim Recovers Funds After $71 Million ‘Address Poisoning’ Attack – Here’s What Happened

Victim Recovers Funds After $71 Million ‘Address Poisoning’ Attack – Here’s What Happened

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?

World Still Not Off the Hook: Thai SEC Raids Iris Scanning Hub Over WLD Token Breach

Trending

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve
All news

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
0

Kyrgyzstan has launched a new stablecoin pegged 1:1 to the national currency, the som, marking its latest...

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz