However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest.
In other countries, do not expect bitcoin to be bullish if their SEC spot bitcoin ETF, but in United States, expect the market to be bullish as we expect becusse it will first start from people fomo and also US have more than halve of the worlds share iftwking about traditional market.
There are many spot etfs in many countries already this is nothing new. I think somewhere in Europe there was a bitcoin etf from maybe 5 years back.
The first was in two years ago but listed this year. So the first bitcoin spot in Europe ETF was this year.
Also this is about spot ETF in Hong Kong.