Dan Held expressed, “To see where we are now is incredible. People have woken up to this reality that we can’t trust our governments with money. Bitcoin is this new money that has awesome parameters that make it the apex predator for money.”

Dan held also stated, Bitcoin is only 4% away from breaking all-time highs! The era of the Bitcoin ETF has arrived!

Community response:  That’s a very USD-centric comment, because that’s the fiat we’re competing against. And of course against a world economic peace treaty promised to the troops 3 weeks after DDAY for Stabilization of world currencies as a foundation for a lasting peace. So FX trading up international cooperation in the UN on bombs Pandemic global warming down.

The media wants people to believe that Bitcoin crashes under buy the rumor and sell the fact trend while the BTC ETF begins to trade. They also say, Bitcoin is just shy of all-time highs, trading above $62k, up +110% since the July lows, down less than -2% from the intraday highs. However, those who understanding the ecosystem are preparing to buy more.

Hardly seems possible, I’ve gotten used to ignoring the price news over the summer. When you’re long term HODL, you get to do that). Fun to pay attention to the price again. Price discovery mode is the most entertaining mode.

It was a matter of time since other countries had success. Similar situation to what should happen with the era of bitcoin as legal tender.

Can’t believe it’s actually happening. Unthinkable just a few years ago. I view the SEC’s earlier reservations as entirely reasonable given the market manipulation in Bitcoin that has now come to light (they sited lack of controls on the asset itself in earlier ETF rejections).

Is this true? – it is not “physically” backed – its inflation – casual investors don’t have to buy REAL BTC.  A bunch more will eventually be approved that are spot settled.

A spot ETF would be nice, but there’s no way it would be first out of the gate. This makes sense, and at this point it’s all about adoption. Not a bad step in that direction to have the SEC officially acknowledge the legitimacy of BTC through a bonafide ETF approval.

But these futures ETFs are just a side bet on the price of Bitcoin. No investment in Bitcoin.  Have I got it wrong.

Futures and spot influence each other though.