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Bitcoin ETF

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Tuesday, December 5, 2023 – Crypto markets are flourishing as Bitcoin hammers-up to an 18-month high, and with BTC on course to hit $50k soon, investors are racing to participate in the Bitcoin ETF ($BTCETF) token presale.
The <a href="https://cryptonews.com/visit/btcetftoken" rel="noopener noreferrer nofollow">Bitcoin ETF Token presale</a> has smashed the monumental milestone of $2.5 million, with total funding at $2,607,655 raised so far – with more than 50% of presale allocated tokens now sold in just weeks.
Huge growth has been fuelled by mounting excitement around the anticipated approval of a swathe of spot Bitcoin ETFs, in what has been <a href="https://cointelegraph.com/news/bitcoin-price-correction-january-crypto-wild-card" rel="noopener noreferrer nofollow">branded</a> ‘the most hotly anticipated launch ever’ by Merkle Tree CIO Ryan McMillin.
In the latest <a href="https://www.theblock.co/post/265990/blackrock-bitwise-file-updated-spot-bitcoin-etf-applications-with-the-sec" rel="noopener noreferrer nofollow">news</a>, industry titan BlackRock filed an<a href="https://www.sec.gov/Archives/edgar/data/1980994/000143774923033524/bit20231201_s1a.htm" rel="noopener noreferrer nofollow"> amended S-1 filing</a> with the Securities and Exchange Commission (SEC); the amended filing move was preceded by Bitwise’s <a href="https://www.sec.gov/Archives/edgar/data/1763415/000199937123000735/bitwise-s1a_120423.htm" rel="noopener noreferrer nofollow">rival application</a>.
What does this mean? Without having read them — it just means that the wheel is still turning. Both the SEC and these issuers are working hard to iron things out. These filings are likely the result of many conversations and a lot of man hours on/between both sides.
— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1731804911350804573?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
Crypto analysts have explained that these moves stem from intense deliberation and discussion between filers and regulators, and this suggests that the applications are progressing toward finalization.
Indeed, BlackRock’s amended filing comes hot on the tail of the <a href="https://www.coindesk.com/business/2023/12/05/blackrock-received-100k-seed-funding-for-spot-bitcoin-etf/" rel="noopener noreferrer nofollow">news</a> that the firm has already received $100k in seed funding to launch the spot Bitcoin ETF from an unknown investor.
This transaction occurred on October 27, 2023 – giving BlackRock’s iShares Bitcoin Trust ETF an initial share value of $25.
<h2 id="b-bitcoin-price-hammers-past-40-000-in-push-to-18-month-high-b">Bitcoin Price Hammers Past $40,000 In Push to 18-Month High</h2>
 Bullish market sentiment surrounding the spot Bitcoin ETF news has fuelled Bitcoin’s trip above $40k, which saw the top cryptocurrency hammer up to $42,288 on December 4, 2023.
Substantial gains come amid significant growth for the Bitcoin network, which has seen an increase in transactions in recent weeks.
In November, for the first time in several years, Bitcoin recorded more transaction fees than Ethereum – this was driven by an explosion in Bitcoin alternatives, predominantly Bitcoin ordinals.
Indeed, surging demand for Bitcoin ordinal tokens using the BRC-20 token standard has hit a new all-time high, with $367 million in transactions through the <a href="https://cryptonews.com/news/bitcoin-transaction-fees-outpace-ethereum-defi-tvl-surges-11-in-november-binance.htm" rel="noopener noreferrer nofollow">month of November</a>.
(STX in Blue, ORDI in Orange)
This shows the insatiable demand for Bitcoin-linked projects, with tokens such as Bitcoin Layer-2 scaling solution <a href="https://coinmarketcap.com/currencies/stacks/" rel="noopener noreferrer nofollow">Stacks</a> (STX) and first-ever BRC-20 token <a href="https://coinmarketcap.com/currencies/ordi/" rel="noopener noreferrer nofollow">Ordinal </a>(ORDI) both undertaking dramatic 70% price increases.
<h2 id="b-bitcoin-price-prediction-traders-wrestle-with-bullish-bitcoin-market-sentiment-b">Bitcoin Price Prediction: Traders Wrestle With Bullish Bitcoin Market Sentiment</h2>
 However, the recent <a href="https://www.tradingview.com/symbols/BTCUSDT/" rel="noopener noreferrer nofollow">Bitcoin price</a> pump has sounded the alarm bells for some market participants as the key RSI indicator has shifted to a strong ‘overbought’ signal.
Crypto analytics firm <a href="https://santiment.net/" rel="noopener noreferrer nofollow">Santiment </a>suggests this could imply a need for a small localized retracement move, noting a cool-down in the RSI would leave BTC poised for a run at $50k.
<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>'s <a href="https://twitter.com/hashtag/RSI?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RSI</a>, a highly reputable technical indicator just added to <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@santimentfeed</a>, measures the speed &amp; magnitude of price changes. After reaching $42K today, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> may need a brief cooldown. If RSI stays below 65, $50K quickly becomes more realistic. <a href="https://t.co/YP5yhkvaIz" rel="noopener noreferrer nofollow">https://t.co/YP5yhkvaIz</a> <a href="https://t.co/IGa3SgV2h2" rel="noopener noreferrer nofollow">pic.twitter.com/IGa3SgV2h2</a>
— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1731762754980356289?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
And this sentiment is reflected by popular traders across the crypto community, with market participants now waiting to see if Bitcoin can establish support and consolidate above $40,000 over the coming weeks.
Classic wick on the markets.
Nothing major.
For <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>, I'd like to see it stay above $36-38K. If that is happening, then $47K-50K pre-Spot ETF approval is definitely possible and that should be the short-term top.<a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> to run massively in Q1 2024.
— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1731738200610152511?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
Looking on-chain, a glance at <a href="https://studio.glassnode.com/metrics?a=BTC&amp;m=indicators.NetUnrealizedProfitLoss" rel="noopener noreferrer nofollow">Net Unrealized Profit Loss</a> (NUPL) highlights the emerging shift in market sentiment from anxious optimism towards hopeful belief.
This NUPL signal typically precedes halving events, as seen in 2017 and 2019, and reinforces the view of a further push-up to $50k on the short timeframe.
All of this stands to suggest that the new <a href="https://cryptonews.com/visit/btcetftoken" rel="noopener noreferrer nofollow">Bitcoin ETF Token</a> is perfectly poised to launch into explosive market conditions, setting the stage for an absolute frenzy in Bitcoin-linked tokens.
<h2 id="b-best-positioned-altcoin-for-bitcoin-etf-pump-btcetf-token-b">Best Positioned Altcoin For Bitcoin ETF Pump? $BTCETF Token&nbsp;</h2>
 Indeed, beyond simply taking aim at the biggest narrative in crypto – $BTCETF has a major utility: Bitcoin ETF news alerts.
The token’s dApp offers traders a live feed of the latest Bitcoin spot ETF information and news, with sophisticated technology tracking applications in real-time at the SEC, and high-speed bots monitoring social media for the latest breaking ETF news.
But a simple feed of spot <a href="https://cryptonews.com/visit/btcetftoken" rel="noopener noreferrer nofollow">Bitcoin ETF</a> news only highlights a fraction of Bitcoin ETF Token’s potential, with easy access to real-time update alerts offering sharp traders the opportunity to make market-beating returns stress-free; being amongst the first to hear about privileged Bitcoin ETF news.
This could enable traders to position themselves appropriately during seismic Bitcoin market movements, making Bitcoin ETF Token a critical component in every BTC trader’s toolbox this winter.
<h2 id="b-time-is-running-out-don-t-miss-your-opportunity-to-take-position-with-btcetf-token-b">Time is Running Out: Don’t Miss Your Opportunity to Take Position With $BTCETF Token</h2>
Just a single day left for Stage 7 of <a href="https://twitter.com/hashtag/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinETF</a>! Keep an eye out! <a href="https://t.co/pZDK503K8m" rel="noopener noreferrer nofollow">pic.twitter.com/pZDK503K8m</a>
— BTCETF_Token (@BTCETF_Token) <a href="https://twitter.com/BTCETF_Token/status/1732007015365386552?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2023</a>
Yet, despite the alluring potential of this promising Bitcoin-linked project, time is rapidly running out in the<a href="https://cryptonews.com/visit/btcetftoken" rel="noopener noreferrer nofollow"> $BTCETF presale</a>, with just 20 hours left until the end of presale stage 7.
When the counter times out, the presale will shift into presale stage 8 – increasing the purchase price of $BTCETF tokens to $0.0064, so don’t miss out – ensure that you take position quickly to secure the best entry price.
And that is without considering the potential for 10x token value accrual driven by demand from traders for access to the ETF news dApp and the ever-present demand for Bitcoin alternatives.
So with markets showing a real appetite for BRC-20 ordinal tokens and Bitcoin alternatives,&nbsp; don’t miss your chance to get in early ahead of the next major Bitcoin ETF rally.
Connect with the project on <a href="https://twitter.com/BTCETF_Token" rel="noopener noreferrer nofollow">X (Twitter)</a> and <a href="https://t.me/BTCETF_Token" rel="noopener noreferrer nofollow">Telegram</a> for more details.
<a href="https://cryptonews.com/visit/btcetftoken" target="_blank" rel="noopener noreferrer nofollow">Buy Bitcoin ETF Here</a>
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

BTC Price to Hit $50k Soon as Traders Rush to Buy Up Bitcoin ETF ($BTCETF) Token After Successful $2.5 Million Raise

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