The potential approval of a spot Bitcoin ETF is a significant event in the crypto market. Despite the deep bear market in Bitcoin, there is a consensus that the approval might be a 'sell the news' event. However, EY's Paul Brody disagrees and suggests that it might not be so fast. The approval of a spot Bitcoin ETF could increase accessibility to digital assets among wealth managers and other financial services organizations. The news of a fake Bitcoin ETF also caused Bitcoin to surge to $30,000. Larry Fink's comments on crypto as a 'flight to quality' and institutional demand for a Bitcoin ETF are also discussed in a new podcast episode. The SEC approval of a spot Bitcoin ETF could have implications for crypto investors.
🥇The potential approval of a spot bitcoin ETF is a significant event because, says Alex Thorn, it will increase accessibility to digital assets among wealth managers affiliated with banks and broker dealers and other financial services organizations. Here’s why Alex thinks… https://t.co/eXzN8bVcUF https://t.co/dQuCcBK2ej
What the #SEC approval of spot Bitcoin ETF could mean for #crypto investors: #bitcoin #spotbitcoin #investing #finance @Vetta_Fi Read more: https://t.co/4GDvNoopcU https://t.co/C1R6StHmNo
Amazingly, given what's still a deep bear market in #bitcoin, a consensus has kind of emerged that approval of a spot ETF might be a "sell the news" event. Not so fast, says EY's Paul Brody. @SteveAlpher reports https://t.co/pzucLCPGhd
Discussing the fake Bitcoin ETF news https://t.co/CNvmkSwXDm
What happened this week in the Crypto market ➡️ https://t.co/GXK1CtkCDY 🔘 The Fake Bitcoin ETF News cc: @jdorman81 https://t.co/g5lCBlHKtS
So etf approval is happening this week or is this still accumulation from the fake news pump?
New episode with @MarkYusko @MikeIppolito_ OUT NOW! We discuss: - The false Bitcoin ETF headline that sent Bitcoin surging to $30,000 - Larry Fink's comments on crypto as a “flight to quality” - Institutional demand for a Bitcoin ETF - The bond bear market, one of the… https://t.co/AHXQGb38SI https://t.co/NOLK0vyOoI
The Bitcoin ETF "fake news" debacle dominated the early-week discourse, but there was plenty more happening on Crypto Twitter this week. Click below for the highlights: https://t.co/0ilDxCWmP9