Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

31/07/2025

WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity

31/07/2025

Everclear Receives Investment from NEAR Foundation to Expand Cross-Chain Settlement

31/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

    31/07/2025

    Michael Saylor dumped MSTR, STRF, STRK, STRD for latest bitcoin buy

    31/07/2025

    Bitcoin Gearing Up for ‘Big Move’ After Reaching True Price Discovery Phase: ProCap’s Anthony Pompliano

    31/07/2025

    Dave Portnoy says ‘just shut up and buy Bitcoin’ as he reveals $5 million bet

    31/07/2025

    Bullish Structure Intact—If $3,600 Support Survives

    29/07/2025

    Ethereum validators’ queue to take profits hits record high after ETH rally to $3,800

    29/07/2025

    Why Ethereum Will Keep Climbing in Coming Months: Bitwise

    29/07/2025

    Ethereum Validator Exit Queue Backs Up

    29/07/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    31/07/2025

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    29/07/2025

    Still Loving My ‘If It Went to Zero’ NFT

    29/07/2025

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

    29/07/2025

    Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

    31/07/2025

    WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity

    31/07/2025

    Everclear Receives Investment from NEAR Foundation to Expand Cross-Chain Settlement

    31/07/2025

    Democrats probe housing regulator over considering crypto in mortgages

    31/07/2025
  • Blockchain

    Neo SPCC updates NeoFS node, gateways, and Panel frontend with latest improvements

    31/07/2025

    Ethereum Leads With $84.73 Billion in TVL

    30/07/2025

    Eigen Labs CEO says ‘critical milestone’ slashes scalability trade-off

    29/07/2025

    Tokenization Lowers Barriers to Sustainable Investing

    29/07/2025

    Ethereum Turns 10 — Time to Leave the Trilemma Behind

    29/07/2025
  • DeFi

    WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity

    31/07/2025

    Sui Network Launches BTCfi to Transform Bitcoin into DeFi Capital

    31/07/2025

    Ether.fi Introduces One-Click Cross-Chain Vault Deposits via Enso Integration

    31/07/2025

    SparkDEX Set to Ignite DeFi with $SPRK Token Launch on Flare Mainnet

    31/07/2025

    Polytrade Expands Tokenized RWA Offerings to BNB Chain, Building Cross-Chain Capabilities 

    31/07/2025
  • Metaverse

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025
  • Regulation

    Everclear Receives Investment from NEAR Foundation to Expand Cross-Chain Settlement

    31/07/2025

    HSBC Research Mentions an Emerging Safe Haven Asset Just After Gold

    31/07/2025

    Poland admits one in five of Poles have invested in crypto during Bitcoin bill debate

    31/07/2025

    Donald Trump Meets with Fed Chairman Jerome Powell – Making Statements

    31/07/2025

    The GENIUS Act, Reading Between The Lines

    31/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Unveiling the Dramatic Shift in Kimchi Coin Listings

    31/07/2025

    Bitget rolls out GAIA launchpool with 4.7 million tokens up for grabs

    31/07/2025

    Coinbase’s XRP Holdings Shrink 40% in Sudden Wallet Rotation

    31/07/2025

    Coinbase Adds Samsung Pay for Seamless Crypto Purchases

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    28/07/2025

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    25/07/2025

    Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

    31/07/2025

    Top 10 Miners Dominate 94% of Hashrate and Hoard Over 55,000 BTC

    31/07/2025

    Russia orders data centers report on miners using their services

    30/07/2025

    MARA Shares Jump as Q2 Revenue Beats Wall Street’s Expectations Thanks to Surging BTC Price

    30/07/2025

    Democrats probe housing regulator over considering crypto in mortgages

    31/07/2025

    India Collects ₹437 Crore in Crypto Taxes, Thanks to AI

    31/07/2025

    Trump Eyes Moving U.S. Economy Further Into Crypto Via Mortgages, 401(k)s

    31/07/2025

    IOTA Foundation Calls for Smarter UK Crypto Rules

    31/07/2025

    Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

    31/07/2025

    WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity

    31/07/2025

    Everclear Receives Investment from NEAR Foundation to Expand Cross-Chain Settlement

    31/07/2025

    Democrats probe housing regulator over considering crypto in mortgages

    31/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»Economist Peter Schiff Raises Concerns About Spot Bitcoin ETFs
Bitcoin

Economist Peter Schiff Raises Concerns About Spot Bitcoin ETFs

NBTCBy NBTC24/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The possibility of spot Bitcoin ETF approval by the US SEC has caused excitement in the crypto space as investors gear up for a Bitcoin bullish trend. However, not all voices are convinced of the innovative changes of Bitcoin ETFs, as a prominent economist has cautioned about the potential risks associated with Bitcoin ETFs 

Schiff Says Bitcoin ETF Selling Risks Ahead

Chief Economist and Bitcoin critic, Peter Schiff has aired his concerns about Spot Bitcoin ETFs public in an X (formerly Twitter) post released on Monday. 

Schiff stated that the crypto market is presently filled with many speculators who are purchasing Bitcoin, in the hopes of capitalizing on the potential influx of investors following the possible approval of spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC). 

In his counter-narrative statement, Schiff revealed that there may be significantly more sellers than buyers of Bitcoin who are also eagerly waiting for Bitcoin ETFs to become a reality. This narrative may become an issue for many Bitcoin investors, because if Bitcoin holders decide to take advantage of the soaring prices and sell their reserved Bitcoin, it may lead to a sudden and sharp correction. 

“Speculators are buying Bitcoin now because they think other speculators are waiting to buy a Bitcoin ETF. They will soon discover that there are far more speculators waiting to sell than waiting to buy,” Schiff stated. 

The remarks made by Schiff have sparked opposing arguments and views within the crypto community. Many people see a positive impact on Bitcoin price pushing investors to buy more Bitcoin following the potential approval of spot Bitcoin ETFs. 

“The average number of people that own crypto globally is estimated to be around 420 million, which represents about 5% of the world’s population. Which can also mean 5% speculators waiting to sell and 95% speculators still haven’t entered,” crypto community member, Jeysuhn stated. 

BTC price surge as spot bitcoin etf sentiment grows | Source: BTCUSD on Tradingview.com

Lawyer Foresees ETF Approval By Year’s End

A pro-XRP lawyer and blockchain enthusiast, John E Deaton took to X on Monday to disclose his insights on the present situation concerning the approval of spot Bitcoin ETFs by the U.S. SEC. 

Deaton predicted that the US SEC would approve spot Bitcoin ETFs before the end of 2023 or at least before the end of Q1 2024. The lawyer stated that the US SEC is currently compiling more information to put forward a different reason for denying Bitcoin ETFs. 

Presently, the official listing of Blackrock’s iShares Bitcoin Trust on Depository Trust and Clearing Corporation (DTCC), an American post-trade financial service company has been one of the many reasons for the recent uptick in the price of Bitcoin.

At the time of writing, Bitcoin is trading approximately at $34,424 after soaring past $35,000 at one point on Monday. The cryptocurrency has hit new monthly highs and may continue rising as Bitcoin ETF excitement builds. 

Featured image from Swissborg, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

31/07/2025

Michael Saylor dumped MSTR, STRF, STRK, STRD for latest bitcoin buy

31/07/2025

Bitcoin Gearing Up for ‘Big Move’ After Reaching True Price Discovery Phase: ProCap’s Anthony Pompliano

31/07/2025

Dave Portnoy says ‘just shut up and buy Bitcoin’ as he reveals $5 million bet

31/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom

31/07/2025

WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity

31/07/2025

Everclear Receives Investment from NEAR Foundation to Expand Cross-Chain Settlement

31/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.