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RE: LeoThread 2023-08-13 00:04

in LeoFinance • last year

The SEC has delayed the Bitcoin ETF decisions and has gotten many confused...but this might actually be good.

Let's break down the reasons and implications for the crypto. #threadstorm #outreach

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     last year  

    In my latest post, I delve deeper into these dynamics, breaking down the potential ripple effects and what it means for the future of crypto. Don’t miss this hot discussion.

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     last year  

    2 months ago, the crypto sphere buzzed with anticipation. A top asset management firm's BTC ETF filing with the SEC was a game-changer. It signaled a shift in institutional interest for a previously sidelined digital asset.

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       last year  

      Following the trend, Fidelity, a giant in tradfi, also filed for a BTC ETF. Other institutions, once rejected, re-entered the fray. The stage was set for a historic crypto and TradFi handshake. But 1 entity stood in the way: the SEC.

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         last year  

        So, why the hold-up? Think of it this way:

        Imagine a chef wanting to introduce a new dish to the restaurant menu. Before doing so, they'd sample it to a few customers to gather feedback.

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           last year  

          Similarly, the SEC is tasting the waters by seeking public feedback on the ETFs, ensuring it's the right choice for the market's appetite.

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             last year  

            The SEC has posed critical questions:
            •How will the exchange combat fraud?
            •Can the Bitcoin market stand against manipulation?
            •What's the deal with the Exchange's ties to Coinbase?

            Want to weigh in? Check the SEC's site for details. 🗣️

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               last year  

              While some view this call for public feedback as dilly-dallying, it's worth considering the SEC's genuine interest in diverse perspectives. After all, they're the guardians of public financial investments.🤷‍♂️

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                 last year  

                Here's the interesting twist! The ETF decision might stretch into 2024, coinciding with the next Bitcoin halving. And if history is any indicator, post-halving price trends are something to watch!

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                   last year  

                  Can you imagine the potential market shift if BlackRock invests only $10 billion? That’s 2% of Bitcoin's total market cap but represents a whopping 17% of all bitcoins available on exchanges.

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