The #BitcoinETFs is trending all over the internet especially on X because there is a big hype for it. Everyone Seems talking about Bitcoin ETFs. Remember that Bitcoin ETFs are still not approved by the US SEC.
SEC has to approve or reject ETFs by January 10. There 90% chances are that Bitcoin ETFs will be approved, says crypto analysts. Blackrock says that Bitcoin ETF will start trading the very next day when SEC will approve them. It clearly says that Blackrock is already prepared for it and this is also signalling that Bitcoin ETFs will gets approved.
The continuous delay in the spot Bitcoin ETFs approval has created hype for Bitcoin. It is already pumping even before the ETFs approval. At the time of writing this post bitcoin is pumped 5 % and is now trading at $46800. It looks like it is going to cross $50k in no time. Bitcoin is reacting positively before the Bitcoin ETFs approval, imagine what will happen when SEC will officially approve them.
Gary Gensler the Chairman of SEC has created a thread two hours ago on caution about "investing in crypto assets." This thread from the SEC chairman is also a signal that Bitcoin ETFs will be approved.
On the other side Former SEC Chair said that spot #BitcoinETFs approval is inevitable, "there's nothing left to decide."
These news and threads says everything about the Bitcoin ETFs.
Bitcoin ETFs approval will send Bitcoin price to the koon. It is not only good for it but it is also good for the wider crypto adoption. Crypto will spread to the world by ETFs approval. It would be good for the whole crypto industry. I am bullish on bitcoin ETFs.
When i woke up this morning $HIVE was having a big dip of 10%. The price fell to as low as $0.315 . I did manage to buy a little as i was already waiting for the dip. The price has been recovering slowly now.
Further the increase in the price of Bitcoin is effecting $HIVE price positively. It is going to get back to where it was at night. Fight now Hive is trading at $0.338 . Its good now to see $HIVE price following bitcoin atm. If Bitcoin ETFs gets approved it will slso be good for the $HIVE .
I have been reading threads and posts from a few users. Everyone wants to see hive moving upward in the positive direction. $Hive hasn't made any impressive moves in the last few months.
Bitcoin has printed 150% profit in 2023 and most of altcoins showed impressive growth in terms of price but $HIVE remains in the accumulation zone during this time. There was no good price improvement which is disappointing.
I still believe that $HIVE is gearing up for big moves, its just matter of time. I hope when it do pump it will be much cool that we will forget the previous poor performance. Lets hope that spot Bitcoin ETFs gets approved so that we can see Bitcoin and $HIVE flying to the moon.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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