There's a flurry of news coming out still around the Bitcoin Spot ETF. I went into detail about how spot etfs work in this article a few weeks ago What Is A Spot ETF in that article I go over what it is, how it works and why there is such huge demand going for it at the current moment.
The primary factor here is that a Spot ETF is said to have more exposure for investors than short selling which honestly makes no sense as we have seen investors get wreaked short selling because everything is public knowledge now.
At the moment there is a huge crunch down on centralized exchanges which is preventing some new money from entering the system. However luck for the crypto world we are no longer set to only have one on ramp.
You see the USA government and others have tried many of times to remove any exposure to bitcoin or at least limit and control it or buy themselves time to figure out a way to control it. But those systems are slow and every attack came innovation to get around it.
It's gotten to the point that there are so many on ramps that it honestly can't be stopped.
From mining bitcoin farm stocks on the NY Stock Exchange, centralized exchanges, swaps, decentralized pools, other countries allowing it, other ETF options for crypto and more options on the way it begs the question does a spot ETF matter?
In the overall picture a spot ETF isn't needed however it could become a catalyst for massive floods of new money into the crypto space. This spark of new money will fuel money from other places to now flow into it creating out favorite time a bull market.
In fact bitcoin is currently sitting on one of the longest bear markets which I feel is being surprised by governments or at least trying to be. However just this year alone bitcoin has climbed up 80% from it's all time lows and has a solid footing at double the price it was 7 months ago at $15,000. This is creating a massive tense explosion of wealth that is just dying to get in and flood the markets.
One of the telling signs that the ETF could be approved this time around is the Coinbase stock which was listed as the surveillance end of the ETF which was the only thing holding it back.
We are currently seeing the price of Coinbase skyrocket ahead of the 19th of July deadline the SEC has to return back on approval or not of the Spot ETF.
Some speculate this as insider trading which honestly could be true as there's a bunch of that going on all the time. We are also seeing companies scoop up droves of bitcoin, mining it and just all around power housing to gain exposure to this asset in anticipation of the next bull run which should be either in a few month or into the start of the new year.
Overall there are just so many bullish aspects right now that the hold game for a years time could set you up very well. Remember the bear market is the time to build and the bull market is the time to cash in that new wealth.
*This article is for entertainment purposes and is not financial advice.
