There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?
Well it's hard to predict what will be happen to that ETF because until now theres no sign if its approved or not. But I think theres no affect to bitcoin if the ETF is approved or not because bitcoin is bitcoin before that ETF is come. Bitcoin is no doubt bitcoin but we need ETF to be approved if we need to see a lot of rise in the prices of bitcoins. Currently there is not anything speical going on with bitcoin and every one is uncertain about bitcoin so the adaption rate is very low.
If ETF is approved we can see another big bull run this year, else i am not sure if the bear market will end or not.
