Bitcoin spot ETF finally approved

CointestMod · 2024-01-11T04:30:06+00:00

Bitcoin pros & cons with related info are in the collapsed comments below.

Maxx3141 · 2024-01-10T20:53:00+00:00

The document is gone now. You can't make that shit up.

garlichead1 · 2024-01-10T20:52:06+00:00

aaaaand it's gone

Rythemeius · 2024-01-10T21:02:49+00:00

The archived version : https://web.archive.org/web/20240110204508/https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

GPT's Summary:

The document "fg-89shlq.pdf" is an official release from the U.S. Securities and Exchange Commission (SEC) dated January 10, 2024. It discusses the approval of proposed rule changes by various exchanges (NYSE Arca, Nasdaq, and Cboe BZX) to list and trade shares of various Bitcoin-related trusts and ETFs. The document elaborates on the SEC's analysis and findings, focusing on compliance with specific sections of the Exchange Act and addressing issues related to market manipulation, transparency, and investor protection. The SEC concludes that these proposals meet the requirements of the Exchange Act, considering the robustness of market surveillance and the correlation between Bitcoin spot and futures markets.

Ferdo306 · 2024-01-10T20:54:24+00:00

Hope no one hacked SEC website this time 😂

Fkthisst93 · 2024-01-10T20:56:13+00:00

It appeared again

SlobbaTheS · 2024-01-10T20:52:43+00:00

I wait until it gets officially confirmed by the SEC Twitter account.

HGDuck · 2024-01-10T20:53:09+00:00

About time.

Now get the popcorn and let's see how the market reacts.

BlubberWall · 2024-01-10T20:54:47+00:00

Gary is about to use the “we were hacked” card again in a last ditch

DiamondPup · 2024-01-10T21:12:49+00:00

They're doing this on purpose to teach us a lesson. That Bitcoin doesn't matter. And the real Bitcoin was the friends we made along the way.

66theDude99 · 2024-01-10T20:56:26+00:00

SEC "hack" yesterday ruined the moment for us lol

moonboy-nofomo · 2024-01-10T20:55:01+00:00

Finally don't have to hear about the bitcoin etf anymore

TomSurman · 2024-01-10T20:58:03+00:00

I managed to save a copy before it was taken down. What would be the best way to share it?

Edit: Looks like the original document is back up again for now, but just in case it gets taken down again, here's a Mediafire link.

toosadtotell · 2024-01-10T20:46:46+00:00

Good I can now finally go on with my life

GodzillaDoesntExist · 2024-01-10T21:02:57+00:00

Just in case.

https://web.archive.org/web/20240110204508/https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

ismashugood · 2024-01-10T21:09:18+00:00

and ETH skyrockets while btc drops lmao

Defiant-Marzipan1435 · 2024-01-10T21:05:07+00:00

When lambo?

NochillWill123 · 2024-01-10T20:55:09+00:00

Nothing going on with BTC it’s going down

Wolfe1 · 2024-01-10T21:21:30+00:00

ETH is loving the news more that BTC haha

Maxx3141 · 2024-01-10T20:50:48+00:00

What if someone hacked the SEC website this time? I can't trust anything at this point.

Odysseus_Lannister · 2024-01-10T20:47:53+00:00

And boom goes the dynamite

tkhan456 · 2024-01-11T01:55:51+00:00

We didn’t guys! We’re centralized!

PeterParkerUber · 2024-01-10T21:21:28+00:00

Time for China to come in with their annual banning of bitcoin again.

Mr_Prodigyy · 2024-01-10T20:46:30+00:00

Says page unavailable

Edit: had to open in browser

Kike328 · 2024-01-10T20:54:30+00:00

Apparently the link has been removed for some reason. This is the screenshot I did before it was taken down:

https://i.imgur.com/eCUF9lr.jpg

EDIT: Here’s the backup!

https://farside.co.uk/pdf/fg-89shlq.pdf

EDIT2: and here is an official statement:

https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

Snozzberrie-Murders · 2024-01-10T21:04:06+00:00

WE IN!

Now the fun really begins.

Popcorn in hand at the ready.

immutablenomad · 2024-01-11T05:12:03+00:00

This is bullish for Ethereum.

legixs · 2024-01-10T21:00:16+00:00

Gentlemen!!!

conceiv3d-in-lib3rty · 2024-01-10T21:00:29+00:00

I was here! LFG!

Backhoz · 2024-01-10T21:47:02+00:00

What a clown show.

Leonhart1989 · 2024-01-11T00:35:07+00:00

Bye bye exchanges

weigojmi · 2024-01-11T00:37:19+00:00

So better to buy BTC now or the ETF tomorrow...or both?

ultron290196 · 2024-01-10T20:59:51+00:00

I was here

mui19 · 2024-01-10T20:54:29+00:00

Congrats to crypto, such a big step.

aesopn · 2024-01-10T20:54:48+00:00

Website is 404

ResponsibleBuddy96 · 2024-01-10T20:51:04+00:00

hi mom o/

mui19 · 2024-01-10T20:52:22+00:00

Waiting for BTC to move.

pogoshi_fatsomoto · 2024-01-10T21:00:28+00:00

now what?

Stormwingx · 2024-01-10T21:02:56+00:00

Finally

Kontikulus · 2024-01-10T21:24:00+00:00

Bitcoin ETF is approved and obviously alts are pumping. This is of course the most logical outcome and everyone who did not see it coming is just not smart.

newtobitcoin111 · 2024-01-10T21:28:15+00:00

Just watching Bloomberg and they report sec approval!!!

Everyones_unique · 2024-01-10T21:54:05+00:00

Hashdex $DEFI Blackrock $IBIT Grayscale $GBTC Invesco $BTCO Ark 21 Shares $ARKB Vaneck $HODL Wisdom Tree $BTCW Franklin $EZBC Valkyrie $BRRR Fidelity $FBTC Bitwise $BITB

Novel_Durian_1805 · 2024-01-10T22:11:16+00:00

Aaaaaaand it’s gone!

Kessaveli · 2024-01-10T23:17:51+00:00

CHEERS TO ALL OF YOU BTC MAXIS, AND FELLOW CRYPTO DEGENERATES! WE WON!!!!

bluntasaknife · 2024-01-10T20:58:48+00:00

Ethereum everyone! Time to front run the ethereum etf

laguna1126 · 2024-01-10T20:52:05+00:00

Error 404 page not found for me on a DOD computer no less. lol

YasuotheChosenOne · 2024-01-10T21:01:19+00:00

Schrodinger's approval.

joeyy_4d · 2024-01-10T20:47:28+00:00

Real this time?

vulebieje · 2024-01-10T20:51:49+00:00

Hi family!

SHA255 · 2024-01-10T20:51:59+00:00

This is it!? Nope. WAIT. Maybe?

mrjbelfort · 2024-01-10T20:52:20+00:00

Finally. Feels like we’ve all been holding our breath for months

coachhunter2 · 2024-01-10T21:00:58+00:00

And of course it gives a 404

Zeus1130 · 2024-01-10T21:01:24+00:00

Save face transformation, activate!

vzsv · 2024-01-10T21:01:37+00:00

vzsv was here

imadumbshit69 · 2024-01-10T21:01:43+00:00

Oh, man. It's just like what happened to my crypto the last time I was on a boat

Tomasgit · 2024-01-10T21:02:44+00:00

Anyone downloaded the document?

rtopete · 2024-01-10T21:04:06+00:00

i see it still online.

Rude-Strength-2957 · 2024-01-10T21:04:07+00:00

they are fucking with us

Gunfolks · 2024-01-10T21:04:11+00:00

This shits crazy

Intelligent_Page2732 · 2024-01-10T21:04:37+00:00

Aaand the page is gone.

L0NDN · 2024-01-10T21:07:55+00:00

On Robinhood

srw · 2024-01-10T21:08:18+00:00

You can download the PDF: https://web.archive.org/web/20240110204508/https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

evilninjarobot · 2024-01-10T21:13:55+00:00

My CoinGecko app just confirmed it so it must be real

madethisforcrypto · 2024-01-10T21:17:04+00:00

Clowns I swear

mdgart · 2024-01-10T21:20:19+00:00

Page not found, this is such a grotesque situation at this point.

Lord-Nagafen · 2024-01-10T21:21:44+00:00

Is this for real? I don’t trust crypto news anymore

ex00r · 2024-01-10T21:21:47+00:00

Probably a leaked document. But looks like the real deal. The SEC will likely step up in the next hours and confirm the approval. Seems to be a done deal.

No_Promise2590 · 2024-01-10T21:24:04+00:00

He bought? Dumpeet!

MysteriousDiscount6 · 2024-01-10T21:49:35+00:00

ETH and alts up on the news, exactly as predicted.

f-Z3R0x1x1x1 · 2024-01-10T21:51:57+00:00

I invested in GBTC in a Roth back in 2021 because it was at a discount, when BTC was at one of it's highest levels...I got in at a price of $49. As of right now, it is around $40. This was a long term hold for me anyways.

Now that is has been approved...does anyone know what happens to my investment? Does anything change?

coupbrick · 2024-01-10T21:58:36+00:00

Wash sales dont apply to crypto, but do they apply to the ETF?

nafraf · 2024-01-10T22:00:07+00:00

I was told there going to be a massive pump or dump.

Where is it.

raphanum · 2024-01-10T22:08:49+00:00

This whole saga has revealed that bipolar disorder is not exclusive to people

DefensorDoEspectador · 2024-01-10T22:20:07+00:00

They are so excited to aprove the bitcoin etf that they don't do anything correctly. /s

The protagonist is bitcoin, not them.

asml84 · 2024-01-10T22:29:45+00:00

Translation of the official statement: "All of us here at the SEC hate that we had to approve them."

HarrisonGreen · 2024-01-10T22:40:00+00:00

This link is working: https://www.sec.gov/files/rules/sro/nysearca/2024/34-99306.pdf

Ilovekittens345 · 2024-01-10T23:11:20+00:00

lol, everything is pumping except for Bitcoin.

Anonymous_artist31 · 2024-01-10T23:32:15+00:00

We’re all gonna win.

westcoastjo · 2024-01-10T23:35:36+00:00

Holy Shit!!

Gwsb1 · 2024-01-10T23:36:12+00:00

Buy the rumor sell the news.

Business_Holiday_608 · 2024-01-10T23:36:51+00:00

Can we get an ELI5 of what this means?

sescobreezy727 · 2024-01-10T23:42:53+00:00

The entirety of the inter webs has unfortunately been hacked.

Abanikandy · 2024-01-10T23:45:52+00:00

We did it Reddit

Somsanite7 · 2024-01-11T00:35:19+00:00

Aaand nothing 🤣🤣🤣

Tesla_lord_69 · 2024-01-11T00:36:23+00:00

Eth next

Rand-Omperson · 2024-01-11T00:53:22+00:00

ffffffffffffffff

😭🍀🎈🙏

we

go

to

mun

Mrgod2u82 · 2024-01-11T01:03:27+00:00

What a day to be alive.

Cryptotiptoe21 · 2024-01-11T02:06:52+00:00

Previous ATH is about to be in the rear view on the way to the moon boys

kurtstoys · 2024-01-11T03:10:52+00:00

Noice...when lambo

Seefahh · 2024-01-11T05:31:17+00:00

i was here

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