Bitcoin ETF approval in January a ‘done deal,’ AllianceBernstein's research arm says"The probability of an approval by the Jan. 10 due date looks highly likely," according to Bernstein Research.
- This is a good article, Bernstein Research notes that the SEC has been very responsive in adding comments, clarifying, and editing terms that pertain to the BlackRock Spot BTC ETF. Indicators are looking good, and while I know a lot of people on this sub are anti- ETF, I promise it's a good thing as long as BlackRock is buying and selling actual BTC, which they claim they will be doing.
If you're still unsure about it, the best way to think about this Bitcoin exposure as an Exchange Traded Fund, realize there are plenty of people who are not yet retired and carry a 401K or IRA. The money in retirement accounts is locked until you are 59.5 years old. You can take it out earlier, but not without penalty. This means people who have money in their retirement accounts can freely invest in a Bitcoin ETF inside their 401K or IRA without any penalties. This is a BIG market. The more people wanting this, the more BTC BlackRock will have to buy, and as long as you're not selling, the price will go up.
I saw a post earlier about weather to buy BTC or buy the BTC ETF when it comes out. If you have the money sitting around, buy BTC. If you have money locked in a 401k/IRA buy the ETF. If you have both, BUY BOTH. This is awesome for me because I want to have BTC exposure in my retirement accounts and this will let me do it.
Now back to the original topic:
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