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Inventory of key dates and trading opportunities for BlackRock's Bitcoin ETF.

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If spot ETF is approved, Bitcoin could rise and potentially break $100,000.

Original Title: "What are the key dates for the BlackRock Bitcoin ETF? What are the trading opportunities?"

Original Source: Foresight News

After BlackRock submitted its application for a Bitcoin ETF, there are some key dates and times to pay attention to.

First, let's review Grayscale's lawsuit against the SEC last year. Grayscale claimed that the SEC prevented them from converting GBTC into a spot ETF.

The court's ruling will be made at some point in the coming weeks or months, which could pave the way for a potential spot ETF success. It is clear that BlackRock's submission of a spot ETF application is not a coincidence.

If you look at the timetable, you might think that we won't get any useful news before August 12, 2023.

Not so! Please note that ARK and 21shares also applied for a spot Bitcoin ETF in April this year. You will find out the results on June 29th, of course, there may be delays or rejections.

In addition, June 26th has passed and you may receive the court's ruling on Grayscale at any time.

If they succeed, the likelihood of BlackRock's application being approved will increase significantly, because Grayscale's view is: "Brother, how can you only approve futures-based ETFs?"

Below we will take a look at some key dates and trading strategies.

June 26th-30th:

There are quite a few options OI (open interest) in the Bitcoin market that will expire this Friday.

Viewpoint: Binance overall risk is approaching.

Position: Due to long liquidation or the rejection of ARK/21shares ETF, the Bitcoin price is quoted between $28,400 and $22,000.

July 1st - August 11th

Viewpoint: The SEC still has reason to reject ETF applications, but experts believe that Grayscale's chances of winning the lawsuit are as high as 80%, and in this case, the price of Bitcoin is likely to rise.

Position: Long BTC / Short ETH, Long BTC / Short MATIC, Buy Bitcoin call option with a strike price of $30,000 expiring on August 25, 2023 when the implied volatility is less than 50%.

August 12th

Position: Reduce call options and engage in paired trading (before August 12th). Avoid leverage and be prepared to short.

At this time, the rejection or delay of ETF applications is a short-term bearish signal, which confirms my view that ETF news is a red herring in this long-term game plan:

Coinbase must be regulated and not allow Tether to earn $6 billion in interest from the US government. "Kill" Binance's USDC and introduce KYC.

This is one of the truly noteworthy and rare opportunities worth paying attention to in the market.

If the spot ETF is approved: Bitcoin will rise and break through $100,000. If the spot ETF is delayed: Bitcoin prices will fluctuate significantly. If the spot ETF is rejected: Bitcoin will fall due to factors such as the emergence of red salmon and regulatory formation.