Bitcoin

The Shocking Truth About Spot Bitcoin ETFs and Why You Need to Be Prepared

10/20/2023
Bitcoin Ethereum News

Bitcoin ETFs

Like the saying goes, “Information is key”, This is timely information to get you prepared for what’s coming as the ongoing Spot Bitcoin ETF applications approach a critical stage.

Stephen Schoenfield, a reputable investment manager, expects the U.S. Securities and Exchange Commission (SEC) to approve all Spot Bitcoin ETF applications within the next 3–6 months.

If you’ve been following the news, you would know what happened on June 21, 2023, when Bitcoin topped over $30k as investors’ interest grew following the announcement that big names are filing for Spot Bitcoin ETF approval.

Well, if you’ve not been following, you might want to pay attention to everything we’re going to be looking at in this article as we delve into the truth about Spot Bitcoin ETF and how you can prepare yourself to make the most of the situation.

Grab a cup of coffee, relax, and enjoy the piece.

Pikamoon

The Truth About Spot Bitcoin ETF

Exchange-traded funds (ETFs) are not a new concept and are commonly found in the financial sector. An ETF can be just about anything, such as stocks, bonds, or commodities, that’s traded on traditional exchanges.

In the case of a Bitcoin ETF, it essentially turns Bitcoin into a stock or bond that’s available for trading on these traditional exchanges. This is significant because, up until now, Bitcoin has only been accessible through crypto exchanges.

The Bitcoin ETF is about to change that by providing a way for Bitcoin to be traded on traditional exchanges. This opens up a gateway to introduce Bitcoin to new retail investors who might be unfamiliar with crypto.

A Bitcoin ETF will also help to lower the entry barrier, especially for newcomers who may not be well-versed in the technical aspects of holding Bitcoin, like setting up a wallet, managing private keys, and executing transactions.

Currently, there are two types of Bitcoin ETFs. The first is the Spot Bitcoin ETF, which allows the purchase and holding of actual Bitcoins (BTC) at the current market price with real-time value tracking. The second type is the Bitcoin futures ETF, which permits betting on the future price of Bitcoin through contracts.

It’s worth noting that the SEC has given the green light to numerous Bitcoin futures ETFs while rejecting all Spot Bitcoin ETF proposals. The primary reason cited for these rejections has been the lack of regulations surrounding crypto. 

However, a recent twist in the Grayscale-SEC battle, where the Appeal Court ordered the SEC to vacate its rejection of Grayscale’s attempt to convert Grayscale Bitcoin Trust (GBTC) into an ETF, might prompt the SEC to reconsider its stance.

As the SEC faces challenges, it seems like we’re on the brink of a new era for Bitcoin and other cryptos. Major players like BlackRock, WisdomTree, Invesco Galaxy, Valkyrie Investments, and VanEck are filing for Spot Bitcoin ETFs, signalling the potential for a substantial influx of liquidity into the crypto market and a path to a bigger and even better bull market than we’ve seen before.

Now, the smart move here is to prepare. Investing in Bitcoin is a given, and it’s also a wise move to explore projects with the potential to rise alongside Bitcoin, such as Pikamoon, a project with a strong community following.

Let’s take a look at why you should invest in Pikamoon (PIKA).

Pikamoon (PIKA): The Next Big Thing in Crypto

The Pikamoon (PIKA) project is making waves in the crypto and gaming worlds with its Pikamoon adventure game set in the Pikaverse. 

In this game, players can earn crypto rewards, either in the form of NFTs or PIKA tokens, by engaging in thrilling battles, defeating monsters, and discovering treasures.

This project’s rapid growth during its presale can be attributed to some game-changing features:

  • The Pikaverse: At the heart of Pikamoon’s success is the Pikaverse, a metaverse gaming world launched on Unreal Engine 5. This technology offers gamers an immersive experience like no other, making it a hotspot for players.

  • Dual Blockchain Utilisation: The Pikamoon team foresaw its growth and set up strong blockchain support. They’ve harnessed MultiversX for metaverse gaming and Ethereum for NFTs. This strategic move ensures a smooth and scalable journey without compromising quality.

  • PIKA’s Tokenomics: PIKA isn’t just a token; it’s the backbone of this project. As a deflationary token, its supply decreases over time, creating scarcity. This scarcity, combined with its various use cases within the game and Pikamoon ecosystem, has the potential to drive the token’s value to the moon, potentially offering a 100x ROI.

Now you can see why you should be getting into Pikamoon before the project takes off.

The ongoing presale of PIKA tokens has investors buzzing. With 100x projections and an avenue to get in at the lowest, $0.0006, it’s just the right investment choice you should be making.

Pikamoon

Find out more about Pikamoon (PIKA):

Buy Now: https://pikamoon.io/buy

Website: https://pikamoon.io

Twitter: https://twitter.com/Pikamooncoin

Telegram: https://t.me/pikamoonofficial

Source: https://www.analyticsinsight.net/the-shocking-truth-about-spot-bitcoin-etfs-and-why-you-need-to-be-prepared/