{"id":4244,"date":"2023-09-28T12:36:31","date_gmt":"2023-09-28T12:36:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4244"},"modified":"2023-09-28T12:36:31","modified_gmt":"2023-09-28T12:36:31","slug":"what-happens-if-etf-gets-approved","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-happens-if-etf-gets-approved\/","title":{"rendered":"What Happens if ETF Gets Approved?"},"content":{"rendered":"<p>What happens If ETF gets approved?<strong>\u00a0ETF<\/strong> has been a buzzword lately. We frequently see news about it but many of us don&#8217;t pay much attention. This is actually big news for the crypto markets. Perhaps, the bull footsteps may be passing through <strong>ETFs<\/strong>. So we will see in this article what happens if ETF gets approved?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-happens-if-etf-gets-approved\/#WHAT_IS_AN_ETF\" title=\"WHAT IS AN ETF?\">WHAT IS AN ETF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-happens-if-etf-gets-approved\/#WHAT_TO_EXPECT_IF_THE_ETF_IS_APPROVED\" title=\"WHAT TO EXPECT IF THE ETF IS APPROVED?\">WHAT TO EXPECT IF THE ETF IS APPROVED?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"WHAT_IS_AN_ETF\"><\/span>WHAT IS AN ETF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8220;ETF&#8221; stands for exchange-traded fund. Think of it this way: you have a pencil and give the price right to someone, not in a physical sense. The person with the price right buys and sells at the current price of that pencil and makes a profit. But they do not own the pencil. The working mechanism in Bitcoin will be similar. People will be able to buy and sell Bitcoin without the need for large crypto exchanges, even from the stock exchanges they have at hand. This is good news for our market. Because the entry of the middle and older age group into the market may indicate that the volume may increase.<\/p>\n<hr \/>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/?p=4235&amp;preview=true\"><strong>SEC postpones ARK21Shares and VanEck ETF Applications!<\/strong><\/a><\/p><\/blockquote>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"WHAT_TO_EXPECT_IF_THE_ETF_IS_APPROVED\"><\/span>WHAT TO EXPECT IF THE ETF IS APPROVED?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We are constantly witnessing news that Bitcoin <strong>ETFs<\/strong> are <strong><a href=\"https:\/\/coinmuhendisi.com\/blog\/sec-iste-bu-sirketlerin-spot-etf-basvurularini-erteledi\/\">being delayed<\/a><\/strong>. They will probably use all the possible delay periods. With these short delays, they will also prevent Bitcoin declines.<\/p>\n<p>Let&#8217;s first examine the nearest important decision dates together:<\/p>\n<p><strong>Bitwise &#8211; October 16\u00a0<\/strong><\/p>\n<p><strong>BlackRock, Fidelity, VanEck, WisdomTree, Invesco\u00a0&#8211; October 17\u00a0<\/strong><\/p>\n<p><strong>Valkyrie &#8211; October 19\u00a0<\/strong><\/p>\n<p>Suppose BlackRock got the ETF approval, this company alone manages $10 trillion in assets. The market cap of all cryptocurrencies is <strong><a href=\"https:\/\/coinmarketcap.com\">only $1 trillion<\/a><\/strong> (including altcoins), i.e. 10 times less. We can witness significant increases if these ETF approvals come &#8211; which will come in 2024 since we know many SEC members in the US look favorably on approval &#8211; we might see a breathless rise to $35-40k. There is also clearly a gap point at $34k.<br \/>\nThe approval of ETFs will bring in new investors to the market and also create a sense of security. On the other hand, the expected &#8216;Mega Bull&#8217; will also significantly increase the market cap of crypto assets.<\/p>\n<p>A non-volatile asset like gold experienced a full %300 increase after ETF approval. What happens if assets with high volatility like the crypto market get this approval? We will learn the answer to this question very soon.<\/p>\n<p>On the contrary, if the ETF is not approved; troublesome days may be awaiting us in the market. We closely witnessed how much decline even the rumor brought. This possibility may be remote because many people in the US are now favorable towards Bitcoin ETFs.<\/p>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What happens If ETF gets approved?\u00a0ETF has been a buzzword lately. We frequently see news about it but many of us don&#8217;t pay much attention. This is actually big news for the crypto markets. Perhaps, the bull footsteps may be passing through ETFs. So we will see in this article what happens if ETF gets<\/p>\n","protected":false},"author":2,"featured_media":4243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1587,1588,534,1589,113,114,297,1585,1000],"class_list":["post-4244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-1-trillion-marketcap","tag-1-trillion-usd","tag-bitcoin-etf","tag-bull","tag-bull-market","tag-bull-season","tag-etf","tag-etf-applications","tag-ethereum-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Happens if ETF Gets Approved? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"What happens If ETF gets approved? This is actually big news for the crypto markets. 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