Bit Brother Limited BETS

SEC will reject all bitcoin spot ETFs in January, says Matrixport analyst

In contrast to broad market consensus, Matrixport analyst Markus Thielen anticipates that the Securities and Exchange Commission will decline all bitcoin spot ETF proposals in January.

Despite the frequent meetings and updated S-1 prospectuses between filers and the SEC in recent weeks, Thielen pointed out in a report that these applications still fall short of a critical requirement that must be met before the SEC can approve them.

Thielen based his perspective on the political dynamics and compliance concerns. The analyst argued that while an ETF would help enable crypto to take off in the U.S., the SEC chair still sees the industry as needing more stringent compliance.

“SEC Chair Gensler is not embracing crypto in the U.S., and it might even be a very long shot to expect that he would vote to approve bitcoin spot ETFs,” Thielen wrote. “This might be fulfilled by Q2 2024, but we expect the SEC to reject all proposals in January.”

"There's been far too much fraud and bad actors in the crypto field," Gensler told CNBC last month. "There's a lot of non-compliance, not only with the securities laws, but other laws around anti-money laundering and protecting the public against bad actors there," the SEC chair added.

What happens if bitcoin spot ETFs are rejected?

The crypto industry has been vying for a spot bitcoin ETF for years, with BlackRock, Fidelity, Franklin Templeton, Valkyrie and VanEck among the current total 14 asset managers hoping to finally win SEC approval.

If the bitcoin spot ETF applications are denied by the SEC this month, Thielen expects to see cascading liquidations as billions of dollars in perpetual long bitcoin futures unwind. This could lead to bitcoin’s price dropping sharply by around 20%, back into the $36,000 to $38,000 range, he said.

What shorts…? Here are just 0.8% short…., everything else is fake!!!!! Who should short chinese dogshit?????!! Maybe your own company/management trows this crap…?! Wouldnt be the first time at chinese scam….ahhh, teahouses?????

Hold don’t sell let’s get this money ????

Good morning everyone do you thing it’s gonna be RS please let me know if anyone has information thank you ?

Invest on penny stock and hold it for a year

$BETS $CISO $OCEA $DSS $GCTK $PHUN $HSCS $TCRT to the moooooon ? ? soooon ?

Come on guys just hold. If you don’t take risk how you plan to make money.

90% of the pushers here are lying…., whats the point of this, the stock is being shortet by the whole world…, nonsense???!! Just 0.88% is short, how do you want to short something that is worth less then a dog pile????? So, look for another fairy tale as to why this thing doesnt rise….??