Big disappointment or massive underestimation - How much money will really flow into the #Bitcoin📷 ETF? 🧐
There are two major challenges that make accurate forecasting difficult.
The path to the ETF is becoming clearer.
With all filers submitting their 19-4b amendments, amended S-1 filings are now pending. ET Monday, with potential approval on Tuesday or Wednesday. A source indicated that the SEC commissioners' vote will likely take place on Wednesday!
Reuters now basically reporting same thing…
Amended S-1s due by 8amET on Mon & potential approval Tues or Wed (which *could* mean possible launch Thurs or Fri).
SEC only asking for “minor” changes.
One source indicated SEC Commissioner vote likely to take place on Wed fwiw.
Don't rush to sell your Bitcoins $BTC There's a perception operation going on, saying the market will drop after #BitcoinETF approval. Don't fall into this trap; after a correction, the real #Bitcoin rally will begin.
This sudden increase could be a simple system glitch – or a harbinger of deeper money market turbulence at the outset of 2024.If this is not an error, we may be facing a serious scenario. Such a jump in yields typically signals liquidity shortages and growing risk aversion.
🚨WARNING: IF THIS IS NOT A GLITCH - SOMETHING HUGE JUST BLEW UP 🚨
T-Bills 1m Yield spike 72bp above 6%!
Are we starting 2024 with a Money Market crisis?! 🤯