As the cryptocurrency market awaits a big decision from the SEC, here’s why Bitcoin ETF Token (BTCETF) could be the best beta play.

adminJanuary 10, 2024

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After months of deliberations and discussions between the Securities and Exchange Commission (SEC) and the 13 applicants, the deadline for the SEC’s response to Ark 21Shares’ appeal is January 10.

With a flurry of S-1 filing amendments in rapid response to the SEC’s last-minute questions earlier this week, commentators are anticipating a potential batch approval for spot Bitcoin ETFs later today.

There is a high probability that the SEC will approve a spot Bitcoin ETF on January 10th.

This is a bullish sign that approval is imminent, and comes as top backers like BlackRock and VanEck enter a battle for lowest fees. VanEck’s lowest offering of 0.25% flat fee for Bitcoin ETF is now leading the way.

At this point it’s probably going to go to 5%. But for these things you have to keep a small window open.
— Eric Balchunas (@EricBalchunas) January 6, 2024

Eric Balchunas, senior ETF analyst at Bloomberg, now puts the odds of approval at 95%.

The price of Bitcoin rose sharply following rumors of an imminent $2 billion bazooka from BlackRock to launch a new ETF, with the price of BTC soaring towards $47,500 in recent days for the first time since April 2022. .

But with Bitcoin offering limited growth opportunities with a market cap of a whopping $894,410,037,096, traders are now scrambling to make a decision to find the best Bitcoin ETF approved beta plays.

Here’s why Bitcoin ETF token (BTCETF) is the best Bitcoin beta.

Following the SEC’s decision, small-cap cryptocurrencies have emerged as preferred instruments as traders look for projects with high growth potential for the best returns.

To explain why this is the case, for investors to triple their returns from Bitcoin in 2024, the entire Bitcoin market cap would need to grow from its current $800 billion to a remarkable $2.5 trillion.

While investors can triple their returns with small amounts like the Bitcoin ETF token (BTCETF), the market capitalization only needs to increase from $12 million (fully diluted) to the more achievable $36 million.

Excitement builds with the first approaching location. #Bitcoin #ETFs In preparation for the much-anticipated launch, potentially #Cryptocurrency Generate global and institutional attention.
What ripple effects do you expect? #ETFs have a bigger one #Cryptocurrency sight? 🤔 pic.twitter.com/Z75pmq9qng
— BTCETF_Token (@BTCETF_Token) January 7, 2024

This enhanced moonshot opportunity gives smart money investors the chance to reap maximum returns following the approval of a potential spot Bitcoin ETF, with the BTCETF token designed and built with the surging potential of this promising token in mind. aims to capitalize on market excitement. .

In addition to targeting the biggest stories in cryptocurrency and providing fast-moving Bitcoin ETF news alerts via RSS, BTCETF rewards holders by reducing transaction costs when each Bitcoin Spot ETF milestone is met .

But the real key to Bitcoin ETF token potential lies in its carefully curated burn mechanism that due to kick-in If the SEC approves a spot Bitcoin ETF later today – Causes the first burn.

Once the first Bitcoin spot ETF launches (as has been theorized for days following its potential approval by the SEC), the next burn should quickly follow.

The milestones for the BTCETF burn mechanism, which can occur in any order, are:

Milestone 1 – BTCETF daily trading volume reaches $1 million – Burn tax on transactions is reduced by 1% and 5% of total supply is burned.
Milestone 2 – First Bitcoin ETF receives SEC approval – Burn tax on transactions is reduced by an additional 1% and an additional 5% of total supply will be burned.
Milestone 3– First Bitcoin ETF launch date – Burn tax on transactions will be reduced by an additional 1% and an additional 5% of total supply will be burned.
Milestone 4 – Bitcoin ETF assets under management (AUM) reach $1 billion – Burn tax on transactions is reduced by an additional 1% and an additional 5% of total supply is burned.
Milestone 5 – Bitcoin price reaches $100,000 – Burn tax on transactions is reduced by an additional 1% and an additional 5% of total supply is burned.

This causes total supply to gradually decrease, eventually leaving approximately 70% of BTCETF in circulation and the supply-side decrease driving prices higher.

A number of factors come into play, including the Bitcoin ETF token’s perfectly positioned branding, innovative burn mechanism, small market cap, and current popularity as the top token when searching for ‘BTCETF’ on DEXtools, making it the best Bitcoin beta play.

So don’t miss out on profitable profits. Stay connected with Bitcoin ETF tokens. X And check out the latest updates on Telegram.

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