Bitcoin Pump and Dump, Sell the News, or Massively Bullish: Analysts on Potential Approval of Spot BTC ETF

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Bitcoin Pump and Dump, Sell the News, or Massively Bullish: Analysts on Potential Approval of Spot BTC ETF
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How might Bitcoin react to the potential approval of spot $BTC ETF? Read what analysts say here -

The latest influx of Bitcoin spot ETF applications in the United States is certainly generating hype, but some analysts are split on whether that excitement is warranted.

that spot ETFs have already existed in Canada and Europe for years, and have failed to attract much capital, “failing to benefit from investor outflows from gold ETFs.” For context, the total US commodity ETF market amounts to $137 billion. Furthermore, Glassnode analysts say that roughly $13.5 billion worth of BTC actively participates in price discovery right now.

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