The lights are green! While all eyes are on the SEC awaiting the final decision on the Bitcoin spot ETF(s), optimism is the order of the day in editorial and newsrooms. open spaces of Wall Street. Positive statements are multiplying, everyone brings their arguments and the noose seems to be tightening around Gary Gensler who even posted an encouraging message on social networks yesterday, Tuesday January 8. Let’s take a quick look at the final reasons to believe in it a few hours before what promises to be one of the most important events of the start of the year. Did you like 2023? You will love 2024!
Positive Statements Are Growing About Bitcoin ETFs
Let’s start right away with the information revealed live on television by the CNBC journalist Kate Rooney yesterday during the day:
“Two sources familiar with the matter now tell me that appears to be Wednesday, which is also the deadline for Cathie Wood’s bid for ARK and 21Shares. Then I was told that the exchanges would take place on Thursday or Friday, but the dates may vary on this subject. »
Kate Rooney, CNBC anchor – Source: Bitcoin Magazine
These little sentences were immediately taken up on social networks and were almost considered as validation by some somewhat eager Internet users! Especially since a few hours later, on the same channel, it’s a former SEC official who put a coin back into the machine:
“I think approval is inevitable. There is nothing more to decide! »
Jay Clayton, former chairman of the SEC – Source: Cointelegraph
For him, this decision is a big step forward, not only for Bitcoin but for finance in general which will be able to benefit from the advantages of the technology known as the tokenization of financial assets.
The planets are aligning, except Gary Gensler’s!
Along the same lines, James SeyffartBloomberg analyst, clarified that all of the new documents filed with the SEC in recent weeks were “a sign that the regulator was speeding things up”. With his colleague Eric Balchunasthey even allowed themselves to say that the probability of seeing a spot Bitcoin ETF launched before January 10 was 90% ! It must be said that the big boss of the Securities and Exchange Commission, Gary Gensler himself he too went there with his message on the subject.
After years of rather negative communication on Bitcoin & Co, the gentleman published a thread yesterday message on X to explain to investors tempted by cryptocurrency all the risks they were taking. But the time of publication and the content of the remarks rather suggest that he himself has resigned himself to seeing his service approve the famous Bitcoin ETF.
Finally, and even if all this is not an exact science, certain figures have reinforced the general feeling that we are (finally) approaching the goal. We are talking here about volumes of exchanges on Grayscale’s $GBTC which reached half a billion dollars yesterday or even declarations from Pantera Capital which announces to inject 200 millions in Bitwise’s Spot Bitcoin ETF.
We could also have cited Paolo Ardoino, the CEO of Tether, who attended “a historic moment for Bitcoin” or other important players in the ecosystem who think the same thing and who have expressed themselves via various media channels. You have understood, the atmosphere is euphoric on the crypto market and everyone is therefore expecting an announcement during the day or tomorrow, even if we absolutely must remain cautious in the face of such a surge of good news. news and not giving in to FOMO. Let’s keep in mind that financial markets love to take everyone wrong. In the meantime, the price of Bitcoin is returning to highs lost since 2022 and the green candles are back.