When will the ETF come? This year, the price of Bitcoin dropped from 15,000 to 8,000, and now it has returned to the position of 30,000, and is currently oscillating at the position of 30,000. Everyone’s expectations for ETF are very high, so our question is when will ETF approve? We all know that the BTC halving time is April 24, 2024. Anyone who calls for a bull return before then goes against the history of BTC, and at the same time, it is of little value to the issuer of ETF. Because, ETF issuers need a perfect reason to sell their ETFs.
The 7 deadlines for 8 Bitcoin EFT applications are in mid-March next year. By that time, the ETF must have been approved or rejected!
The Bitcoin halving will begin in one month. The timing of the ETF perfectly matches the BTC halving, which will occur within a month of the final deadline and will likely be approved and bring bullish momentum to the market. The big hype starts, the news is good, everyone wants to participate, in fact, the start of the next bull market cycle. The bull market narrative is given, ETFs + halving + bullish news for BTC and cryptocurrencies as a whole. The hype begins and the legendary bull market repeats the cycle of the previous four years.
