JPMorgan analysts recently shared their comments on the regulator's perspective on spot Bitcoin ETFs following Grayscale's victory against the SEC.
Bitcoin's inclusion in exchange-traded fund products in a large market such as the USA is seen as an important adoption step by experts. According to JPMorgan analysts, the turning point for the spot ETF product, which is thought to strengthen Bitcoin's place in the mainstream financial system, was the case won by Grayscale.
Last year, Grayscale applied to turn GBTC, the market's largest Bitcoin investment fund product, into a spot ETF. The investment company, which applied to the court after the SEC's rejection decision, won the case and overturned the SEC's rejection decision. Analysts believe that after this court decision, the regulator has no choice but to approve Bitcoin ETF applications.
Last week, the SEC disappointed the market by deciding to postpone the 7 Bitcoin ETF applications that crypto investors were eagerly awaiting. However, while JPMorgan analysts remained positive about this postponement decision, they shared the view that the decision was a signal to green light more spot Bitcoin ETF products at the same time.
Analysts attribute their positive views on the Bitcoin ETF approval to the SEC's earlier approval of futures ETFs. As emphasized in the court decision, experts thought that it was unreasonable to reject Grayscale's GBTC product after the acceptance of Bitcoin futures ETF products, and concluded that the institution would ultimately conclude these applications positively.
On the other hand, while the spot Bitcoin ETF issue is followed extremely closely by cryptocurrency investors, it seems that the spot ETFs currently traded in Canada and Europe cannot attract many investors. Accordingly, some commentators agree that spot Bitcoin ETFs have some advantages over futures ones, but express the view that their benefits may be limited.
As a result, due to the fact that the SEC's decisions regarding ETF products increase the volatility in the market, it seems likely that new developments in this field will be one of the catalysts that direct the market.
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I would like to give good news to our friends who have not opened leveraged transactions, that is, who have not yet opened transactions in futures transactions; You can later add our reference code when opening futures transactions and benefit from incredible commissions. Using our reference code when activating the futures section will give you the opportunity to open a transaction with us.
Now, let me first explain how you can add a reference code to your existing Binance account. Then I will move on to what kind of system we make money with.
Our friends who have not activated the futures section yet, when activating your FUTURES transaction section, you will first gain a commission discount when you open it by entering my reference code 88623008.
If the FUTURES section does not appear in your application, click on the man tab on the top left and put the Binance Pro section in yellow tick and the futures section will open. Enter the futures section and it will ask for a reference code. Open your account by entering my reference code 88623008. Afterwards, you will activate your futures section by going through the tabs requested from you. Now, what we will do from now on is to earn good money by opening our transactions. Meanwhile, futures are risky. It poses a risk and you should learn every part of it clearly. Let me continue.
My dear friends, there is a system that allows you to make correct profits by starting with the motto RIGHT TRANSACTION - RIGHT EARNINGS. We run this system almost perfectly. We became thousands of people. Most importantly, by following the rules, being patient and watching, we make great profits for free.
I especially have to say this; I LOST A LOT OF MONEY IN THIS MARKET. LOSE OR LOSE, I HAVE REACHED THIS HOW TO OPEN THE CORRECT TRADE. Remember this; You cannot be successful in anything you have not experienced. Unfortunately, I learned the greatest experience by losing it. You are lucky. You will learn the system directly without losing it.
This is very important; I AM AN OPEN, TRANSPARENT AND CLEAR PERSON. I tried not to make someone rich, but to create a system that would provide people with CONTINUOUS EARNINGS. Thank God, the system works well. If you have a dream of becoming rich, if you are trying to make millions of dollars, I am not the person who will sell that dream. Sometimes I get 50 dollars a day. If I have to figure this out without taking risks, I'll take my $50 and sit downstairs. I don't take risks. I do not engage in risky transactions. As a result, all you have to do is follow the rules. Our rules are very simple. These rules, which everyone can easily follow, bring us the right income. Sometimes we say "We are content with less" and sometimes we make good profits. Our only right is to achieve profit without taking risks. Now
WHAT ARE THE RULES AND HOW DO THEY WORK?
First of all, we will never open a transaction with all our money. This is a guaranteed rule and if it is violated, you risk losing your money. So why is this necessary? Let me explain it this way: When the transactions we open go wrong, we need to bring our cost closer to that figure by decreasing or increasing the average. In short, Average Correction saves lives. We must leave behind money to correct the average at least 4-5 times.
I have videos about this. I explained how to do it in detail.
Our second rule is that we will not take risks. We will never engage in risky transactions. Risky transactions bring risky losses. If you buy $5,000 once and give $10,000 the next day, there is no point. We will never deviate from the motto RIGHT TRANSACTION - RIGHT EARNING.
Thirdly, we must follow the transactions we open. If you can't, you have to use STOP. So, you should stop the process at the problematic point. Even if you sleep, you will avoid great loss.
Fourth, you should definitely know the mean correction. The average adjustment will be used to get closer to that number no matter where it goes, as long as you leave money behind.
Finally, you should be patient and not panic. As I said, if you are going to make these transactions in this market, you need to be determined and steadfast. You should do these to make money, not to make people rich.
You can also see my transactions on my social media account, which is now open to open a transaction with us. I cannot write openly because it is not appropriate for us to write openly about our social media accounts, according to Binance FEED rules. I would also like to say this; We do not have to open transactions together. You can open the transactions you want, but please do not deviate from these rules that will protect you. As I said, be with people who will benefit you and help you for free.
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