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Galaxy Digital CEO has said that spot Etf will be approved before January 10, BitcoinETF will eventually be approved and billions of Dollars of Liquidity will flow into Bitcoin. Then we'll see the real bull. The good days are near...
News that the #Sec has held private talks with #BlackRock has started to fall. The market thinks that the negotiations are related to the BITCOINETF and is pricing accordingly at the moment. Due to the frequency of these negotiations, there was an expectation that the #BTC ETF would be approved before the deadline
The Decider deadline for most ETFs is between January 8 and 15. It is not impossible that an early decision will come, but it would be a surprising move for me from the SEC, which has used every postponement opportunity to the fullest
Apart from this, there is another situation that attracts my attention, we have been experiencing one of the most organic rises experienced by the #crypto market since 2021. There are no crazy polarizations in funding rates, spot bids are surprisingly stable, but the inflow of money from outside is still very low
So where does this money come from? What we call a crypto native, part of his money always comes from people who stand on-chain and stock exchanges. So in short, the investor profile that is familiar with crypto right now is bringing stable coins such as tether into the market, which has been kept dusty from waiting
In short, we are still us on the inside, and we will see together how soon and effectively the new friends who will join us with the formality brought by the ETF will shape the market Decently.