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

Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

10/07/2025

Move over, big, beautiful bill: Crypto Week is coming

10/07/2025

nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

10/07/2025
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

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025

    Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

    10/07/2025

    Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

    10/07/2025

    Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX

    10/07/2025

    Ethereum (ETH) Price Prediction for July 5

    08/07/2025

    Bitmine rallied to over $135 after announcing ETH treasury

    08/07/2025

    92,873 Ethereum in 10 Minutes, What’s Going On?

    08/07/2025

    What to Expect for Bitcoin (BTC) and Ethereum (ETH) in July? Will There Be a Big Rise? Analyst Explains!

    08/07/2025

    Pump.fun sends $22m worth of SOL to Kraken: what’s behind the move? 

    10/07/2025

    600 Million Dogecoin in 48 Hours: What’s Going On?

    10/07/2025

    We Are Entering a Critical Week, Even Trump Has Warned – Numerous Economic Developments and Altcoin Activity Expected – Here Is the…

    09/07/2025

    Here’s What to Watch for in Altcoins in the New Week

    09/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Boxed Memecoins as Collectible Toys

    09/07/2025

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    09/07/2025

    Hype fades as NFT platforms lose users

    09/07/2025

    Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

    10/07/2025

    Move over, big, beautiful bill: Crypto Week is coming

    10/07/2025

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025
  • Blockchain

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    BitDoctor Partners with The Binary Holdings to Accelerate Web3 Adoption

    10/07/2025

    Zypher Network Raises $7M to Develop ZK Protocols for AI Agent Verification

    10/07/2025

    The Graph Brings Real Time Data Streaming to TRON, Providing Builders with Advanced Blockchain Insights

    10/07/2025

    The Hashgraph Group Teams Up with MPBCDC to Launch India’s First State Carbon Bank on Hedera

    09/07/2025
  • DeFi

    Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan

    10/07/2025

    AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

    09/07/2025

    After PancakeSwap ban, Turkey may target other DeFi services, regulators explain

    09/07/2025

    Morpho crypto holds key level as TVL on Base nears $2b

    09/07/2025

    AAVE Token Rides DeFi Wave to New Heights

    09/07/2025
  • Metaverse

    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

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

    10/07/2025

    Crypto VC funding drops 22% in Q2 despite strong June finish

    10/07/2025

    Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings

    10/07/2025

    Elon Musk says OpenAI equity is fake, silent on Robinhood’s SpaceX stock token

    10/07/2025

    Nasdaq surges as new trade deal, jobs data fuel Fed rate cut hopes

    09/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers

    09/07/2025

    Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown

    09/07/2025

    From 30M Global Users To A ‘Next-Generation Crypto Exchange’

    09/07/2025

    Unexpected Ripple (XRP) Move Comes from the Giant Brazilian Exchange!

    09/07/2025

    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

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    09/07/2025

    Publicly Traded Mining Firms Face Pressures While Bitmine Shares Surge

    09/07/2025

    Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

    09/07/2025

    A Bitcoin Mining Powerhouse Emerges

    08/07/2025

    Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

    08/07/2025

    Move over, big, beautiful bill: Crypto Week is coming

    10/07/2025

    Vietnam’s Bitcoin Regulation May Support FATF Compliance and Boost Financial Transparency

    10/07/2025

    Pay Attention to This Date in Cryptocurrencies! The First Cryptocurrency Report Will Come to Donald Trump’s Desk! Here Are the Details

    10/07/2025

    Ripple CEO Brad Garlinghouse Urges Clear Crypto Rules on July 9 Senate Hearing

    10/07/2025

    Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

    10/07/2025

    Move over, big, beautiful bill: Crypto Week is coming

    10/07/2025

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025
  • 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

Can Bulls Hold $108K As Momentum Stalls?

10/07/2025

Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

10/07/2025

Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

10/07/2025

Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX

10/07/2025
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

Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

10/07/2025

Move over, big, beautiful bill: Crypto Week is coming

10/07/2025

nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

10/07/2025
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.