Coinbase’s Deleted Tweet Fuels Speculations About Bitcoin ETF, Here’s the Truth

By Prashant Jha Published 12 minutes in the past Updated 12 minutes in the past Buy Crypto at Lowest Fee Best Buy In






Ledger By Prashant Jha Published 12 minutes in the past Updated 12 minutes in the past

Coinbase Inc., the world’s main public crypto trade tweeted an official weblog titled “Coinbase Report: Expect Growth in crypto Fund and SEC Approved ETF Soon.” However, the tweet was deleted quickly after giving hearth to speculations about doable Bitcoin ETF approval by SEC in October. The hypothesis mill believes the lately deleted tweet is a doable trace at the approval of the first-ever crypto ETF in the US.


The demand for a crypto ETF is at an all-time excessive and Gary Gensler’s remark a few Futures ETF having a greater likelihood of approval has made a number of ETF managers file for Bitcoin Strategy ETF as a substitute of bodily ones and practically half a dozen corporations have already filed for it.  A Bloomberg ETF analyst pointed that the response interval on Bitcoin Strategy ETF is about 75 days which involves an finish in October, thus one can anticipate approval on this timeframe.

The analyst additionally claimed if a Futures Bitcoin ETF is accepted in 2021, a bodily ETF gained’t be far-fetched by 2022. However, he famous that these are purely primarily based on the overview interval and don’t assure the stance of the SEC as they could reject all of it collectively given their ongoing stance in direction of the crypto market.

Read the article:  Is it Real to Earn Free BTC With Cloud Mining Apps?

Crypto proponents hoped the outset of former SEC chief Jay Clayton and induction of Gary Gensler would make means for the first crypto ETF in the US. However, Gensler is proving to be a much bigger menace than Clayton. Many anticipated the approval of crypto ETFs in Europe and Canada would make the SEC give it a nod, however that hasn’t occurred both.

Coinbase Tweet a Mistake or Fluke?

Many crypto proponents imagine the Tweet made by Coinbase might be a mistake as the article shared together with it appeared a few months previous.

On the different hand, a couple of crypto skeptics deemed it an elaborate plan to pump Bitcoin value and likewise claimed the SEC wouldn’t approve a crypto ETF anytime quickly. A Twitter deal with who goes by the identify of Mr. Whale mentioned it’s a wishful pondering and probabilities of precise approval are fairly low.

  • Trending
  • Price Analysis
  • Coinbase’s Deleted Tweet Fuels Speculations About Bitcoin ETF, Here’s the Truth
  • Uniswap, Polkadot Price Analysis: September 29, 2021
  • Polygon (MATIC) Surpasses Ethereum’s Daily Active Addresses for the First Time In History
  • Bitcoin Price Analysis: BTC Stable Above $40,000 As Consolidation Takes Precedence
  • Bitcoin, Polkadot Price Analysis: September 21, 2021
  • Bitcoin, Cardano Price Analysis: September 21, 2021

Twitter LinkedIn Prashant Jha 1020 Articles An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his pursuits lie in blockchain know-how adoption throughout rising economies. Previous

Read the article:  AVAX Price Analysis: Avalanche Price Discovery Continues As It Hits New All-Time High At $81.50

Uniswap, Polkadot Price Analysis: September 29, 2021

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 10 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
Watch a video on how to find out about the upcoming cryptocurrency pump and earn huge profits.
These trading signals help earn huge profit in just a few hours after purchasing the coins published on the Telegram channel.Are you already making a profit using these trading signals? If not, then try it!We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP subscribers of the Crypto Pump Signals for Binance channel.
John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Leave a Reply