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A pivotal shift in sentiment means that the ‘crypto winter’ is already just a bad memory as a ‘crypto super cycle’ sets in
Analysts at Kaiko focus on Bitcoin ETF approval and macro factors as the ones creating the present inflection point: “Since mid-October, we’ve observed a real shift in the market driven by rising institutional enthusiasm around the possible approval of a spot BTC ETF, and more recently, an improving macro environment.”
Driving interest is the near-certainty that one of the 13 spot Bitcoin ETF applications in front of the US Securities and Exchange Commission (SEC) will be approved early in the New Year.
Bitcoin ETF Token has been designed with the explicit purpose of riding the spot Bitcoin ETF euphoria. $BTCETF rewards token holders at every significant stage of the product lifecycle of the coming spot Bitcoin ETFs.
Insights from @Fidelity Jurrien Timmer shed light on a potential #BitcoinETF approval.
— BTCETF_Token (@BTCETF_Token) December 8, 2023
Will it trigger a 'sell-the-news' reaction or attract a new wave of stakeholders? 🤔📈
What impact do you think the #SEC's decision on a #Bitcoin #ETF will have on the market sentiment?
A… pic.twitter.com/ZrUzEwYW2J
Sellout Imminent As Investors Snap Up The One Token That Directly Gains From Bitcoin ETF Approvals
There are less than 48 hours to buy the token before the price increases from $0.0064 in the current Stage 8 to $0.0066 in the penultimate phase of the presale, as sellout looms.
With less than $400,0000 to raise before Stage 9 begins, prospective buyers will need to move quickly to beat the price rise when the token hits its Stage 8 target of $3,403,654.
From approval to launch, and the milestones that will follow, the Bitcoin ETF Token distributes rewards via a burning mechanism of up to 25% of supply and a reducing transaction tax.
Skeptics say that part of the reason for the bull run that propelled Bitcoin to an all-time high near $69,0000 was the flood of Covid relief funds that poured into the market, and that is unlikely to be matched again.
However, such a view overlooks the way in which it unlocks pent-up funds to the tune of hundreds of billions of dollars that is allocated by financial advisers and money managers.
The lack of easy and regulated entry paths into crypto has held back institutional investment, not to mention the extreme volatility of the crypto market.
As a consequence, Bloomberg Intelligence analysts believe the spot Bitcoin ETF market is a $100 billion market opportunity – and that could be just the beginning.
Brian Armstrong is super bullish – he thinks Bitcoin will take western civilisation to the next level:
One idea I’ve been contemplating is that Bitcoin may be the key to extending western civilization.
— Brian Armstrong (@brian_armstrong) December 3, 2023
The natural trend of whichever country has the reserve currency is to inflate the money supply and increase deficit spending until it loses that advantage. The U.S. is somewhere on…
Grayscale Altcoin Funds Trade At Premiums: A Big Buy Signal
As a measure of the size of the flows from a spot Bitcoin ETF approval we need look no further than the stable of closed-end Grayscale investment funds.
Such is the demand for crypto from high net worth and institutional investors, the Grayscale Filecoin Trust, for example, is trading at 10x its net asset value.
Meanwhile, the Grayscale Solana Trust is trading at a more than 300% premium to its net asset value.
Effectively investors in these Grayscale funds are willing to massively overpay for the privilege of accessing a compliant crypto investment fund.
Explaining the influx of funds, Grayscale CEO Michael Sonnenshein said: “There is a very strong appetite for crypto products at the moment as the crypto winter has melted. Investors are allocating to crypto in larger allocations and also diversifying from Bitcoin and Ethereum.”
What is happening with the 17 funds that comprise the Grayscale family of crypto funds presages the direction of travel for the broader market, as an altcoin rally develops in the wake of Bitcoin’s bullish leadership of the market.
Altcoin Season Is Underway: Ethereum, Cardano, Solana… Bitcoin ETF Token
Bitcoin ETF Token is sitting pretty as a must-have asset for the altcoin season that looks today as if it has started to pump into action.
Ethereum is up 5% at $2,355, Solana more than 13% higher at $72 and Cardano up 12% to $0.489.
While those large-cap altcoins are candidates for portfolio allocation, small cap coins with real utility that have yet to trade on an exchange provide even better return on investment potential.
While an investment of $10,000 in Solana could 4x if it returns to its all-time high, Bitcoin ETF Token could very easily 100x from its current presale price of $0.0064.
Here are the five Bitcoin ETF Token milestones that will trigger a cascade of value for Bitcoin ETF Token holders:
1. $BTCETF hits a trading volume of $100 million
2. SEC approves the first spot Bitcoin ETF
3. First spot Bitcoin ETF launches in the US
4. Bitcoin ETF assets underarm management hits $1 billion
5. Bitcoin price closes daily candle above $100,000
Bitcoin ETF Token Presale Surges Amid FOMO Frenzy As Smart Traders Pile In
The Bitcoin ETF Token is aiming for a hard-cap raise goal of nearly $5 million and the run rate is accelerating so the presale will be selling out soon. Given the token’s unique position in the market, popular analysts have spotted the opportunity and have been informing their audiences.
As the Bitcoin ETF approval fever builds to a pitch savvy traders are turning to $BTCETF to get ahead of the FOMO crowd.
YouTube crypto analyst Conor Kenny with 170,000 subscribers is enthused by the rewards mechanism tie-in with a Bitcoin ETF approval and the token’s other milestones.
Another Youtuber renowned for his on-the-money presale tips – Jacob Crypto Bury – thinks $BTCETF could be a tenbagger (10x gains) at launch:
Keep in touch with the Bitcoin ETF Token project on X (Twitter) and Telegram for more details. The website has constant updates on the progress of the spot Bitcoin ETF applications. Anything to do with Bitcoin ETFs is market-moving information so bookmark the site if you want to be among the best informed market participants in the space.
To contribute to the presale simply connect your crypto wallet, set the amount you wish to invest and pay with ETH or USDT. Buyers can also pay using their bank card.
The crypto supercycle is upon us and Bitcoin ETF Token is in the front seat of this bull run. A relatively small sum invested today in $BTCETF could produce 100x times returns, or even more, but do your own research and due diligence and don’t invest what you can’t afford to lose.
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