Hi there,
on crypto twitter are few days that some folks are excited about the possibility of BTC to being approved by ETF or something like that.
Folks are excited because this time the application has been submitted by CBOE that is a huge actor, and they think that because of this this time the application will be not rejected, like last time.
I'm a bit scared because since CBOE launched their features the price didnt go anywhere but down.
Please let me understand why this time will be different and why it is a good news for BTC
"Buy the news, sell the facts". The news of the incoming futures was the main reason to see the rise from 7K to 20K. After the futures started trading, even the most ignorant traders understood that futures are not related to buying bitcoins and started selling. Similarly, if ETF is approved, this will motivate the traders to buy, but this time everyone will know that ETF's are in a trillion market and directly related to buying of Bitcoins.