Is Bitcoin Spot ETF approval going to be a sell the news event?

🔸 Bitcoin price has been going up in the past few months based on the rumours of expected BTC Spot ETF approval. Now that we are so close to the decision, what can happen to the BTC price if ETF gets approved or delayed or even if SEC finds a reason to reject it somehow.

🔸 We can just speculate and nobody can really answer this question. If ETF gets delayed or rejected then the hype will fade away for sure and we may see a cooldown period in the market overall.

🔸 If Spot ETF gets approved then it can't be predicted how much of buy volume and demand it may bring for Bitcoin from institutional investors like Blackrock etc. One thing is very clear that ETF approval is going to be a great news for Bitcoin and the cryptocurrency market as a whole in the long run.

What do you think about it, share your opinion in the comments section below 👇.

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