It seems like no matter where you turn right now all you hear in the crypto space is all the talk about a Bitcoin Spot ETF. So let's take a moment and recap everything, look at what's currently going on and what we might expect from a real release of a Spot BTC ETF.

Recap

The first spot $BTC ETF was registered all the way back in July 1, 2013 when the Winklevoss twins filed for a launch of a spot bitcoin ETF. I mean these guys just have the worst timing on everything it seems and no luck lol Now 10 year later Blackrock revealed it's intention to launch a Spot Bitcoin ETF which was quickly followed up by many other investment firms. I believe we are at around 10-13 perhaps in the mix but Blackrock seems to get the main attention here. It comes down to assets under management and honest to me these places are old fashioned and is something just lingering around to that certain investors can't invest unless it gets passed by the SEC.

The SEC dubs this as a way to protect investors but what it really is, is the government trying to project it's own FIAT money from exiting and losing massive value in the open market. They tightly control where and when money can flow and they do this by putting a stamp on people with large caps calling them accredited investors.

All this year we have gotten hype up and let downs which very well could have been a driving factor of Bitcoin rising so much as it has last year. Moving into this year we are now hovering at around $45,000 with MANY speculating that the ETF is going to be approved on Wednesday. It's anyone's guess though well there's a few at the top of course that are going to know before hand and I'm sure they will play the game and get filthy rich like always.

What's Current Going On

Right now the ETFs are in file checks and there's been many meetings and also a last minute form S-1s towards the SEC which is asking permission from the SEC to launch the funds. Again only a very few people know if it's going to be approved or not.

My thoughts are it's not and the SEC is just going to delay things again. They are incredibly anti crypto and I see no reason why they would ever pass such a thing.

Speculating On What's Next

As much as I want the ETF to be approved because I'm more curious about what will happen if one is my guts telling me an approval is not coming and instead another delay pushing things back a few more months again. That negative news will most likely spark a sell off however that sell off shouldn't be that crazy hard because there would still be speculation that the ETF would be approved in a few months.

Now if it does get approved I'm almost thinking this might be one of those IPO type deals. Plus the entire market cap of bitcoin to what could be injected at first is about 10% of the current market cap. Because of that I don't expect a massive jump on the news or if there is it's going to be short lived 24 hours or so. From which all those people that most likely already bought bitcoin anyways outside of their management accounts with these places would sell and collect profits.

Of course a vast majority of this article is speculation. Please do your own research and understand that risks before investing.

Posted Using InLeo Alpha