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Bitcoin ETF approval may actually disappoint the bulls. Here's why
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economictimes.indiatimes.comBitcoin exchange-traded fund might turn into a sell-the-news event. Building speculation that the Securities and Exchange Commission could approve a futures-backed product as soon as this week has been touted as a catalyst for Bitcoin’s torrent resurgence, with a deadline for a decision fast approaching.
Crypto promoters such as Anthony Pompliano of Morgan Creek Digital Assets have seized upon the idea, tweeting that things could “get insane.” Other industry veterans aren’t so sure. Given the ease of access to cryptocurrency markets relative to previous years, it’s unclear that a Bitcoin ETF launch would spark a flood of demand, according to Juthica Chou, head of over-the-counter options trading at Kraken Digital Asset Exchange.
. Read more on economictimes.indiatimes.comAbout this in other media
‘Exiting Times’ as Australian Managers Ready ‘Inevitable’ Bitcoin ETF Offerings cryptonews.com /3 years ago
BTC price dips below $62K on VanEck Bitcoin ETF launch day cointelegraph.com /3 years ago
South Korean pension fund to invest in Bitcoin ETF: Report cointelegraph.com /3 years ago
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