The imminent launch of a spot Bitcoin ETF is drawing considerable attention, with expectations pointing to its debut within the next three weeks. QCP Capital, a Singapore-based crypto investment firm, predicts that approval might occur either at the market close on January 5th or between January 8th and 10th in 2024.<\/p>\n\n\n\n
All ETF providers have now met the SEC’s requirement for a “cash only” policy, which suggests Bitcoin may face resistance in the 45-48.5k range, with a potential dip to 36k before resuming its upward trajectory.<\/p>\n\n\n\n
Complete Compliance with \u2018Cash Only\u2019 Policy by ETF Providers<\/strong><\/p>\n\n\n\n The investment firm noted that the debate between “cash only” and “in-kind” approaches has been settled, with ETF providers aligning with the SEC’s preference for a “cash only” strategy. This adjustment could lead Bitcoin to encounter some resistance, potentially followed by a pullback, before continuing its upward movement.<\/p>\n\n\n\n QCP Capital advises Bitcoin investors to consider selling covered calls to leverage the current high forwards and volatilities and possibly buying out-of-the-money puts to navigate the expected post-ETF launch dip. The firm anticipates a strong rally aligned with the upcoming Bitcoin halving event.<\/p>\n\n\n\n The Potential Shift to Ethereum<\/strong><\/p>\n\n\n\n While Bitcoin is currently the center of attention, Ethereum also presents an interesting opportunity as a potentially undervalued asset. QCP Capital suggests that market focus might soon shift towards a spot ETH ETF, possibly leading to a transfer of interest from Bitcoin to Ethereum.<\/p>\n\n\n\n Though a spot ETH ETF might be several months away, the firms that recently received approval for their spot BTC ETFs are expected to quickly move to obtain approval for Ethereum-tracking products. This shift could spark speculative interest in Ethereum prices, driven by the buzz around such ETFs, regardless of the underlying fundamentals.<\/p>","protected":false},"excerpt":{"rendered":" The imminent launch of a spot Bitcoin ETF is drawing considerable attention, with expectations pointing to its debut within the next three weeks.<\/p>","protected":false},"author":1,"featured_media":3828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[35,31,29],"class_list":["post-3827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitocin","tag-stoneblock","tag-web3"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/3827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=3827"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/3827\/revisions"}],"predecessor-version":[{"id":3829,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/3827\/revisions\/3829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/3828"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=3827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=3827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=3827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}