BitcoinLong
SEC Approves BTC ETF
No BTC Fireworks After Long-Expected SEC Ruling on Crypto Spot ETF.
-The champagne bottles have gone to the main competitor Ethereum and it looks like the party is just getting started...
The BTC ETF does not change the value of the underlying asset, which is still not regulated and has no real use case. This simply allows more people to speculate.
After the SEC posted about their X(Twitter) account being hacked and hackers posted about the news retail investors jumped the gun to close their bullish position it may have been just the liquidity that the big "boys" needed to place their orders, since today unexpectedly the ETF was finally approved.
What do you think will happen next?
-The champagne bottles have gone to the main competitor Ethereum and it looks like the party is just getting started...
The BTC ETF does not change the value of the underlying asset, which is still not regulated and has no real use case. This simply allows more people to speculate.
After the SEC posted about their X(Twitter) account being hacked and hackers posted about the news retail investors jumped the gun to close their bullish position it may have been just the liquidity that the big "boys" needed to place their orders, since today unexpectedly the ETF was finally approved.
What do you think will happen next?
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