@bittraffic. The argument is it is overhyped because the pump has occured before there was an approval and this might be something similar to a sell the news occurrence if it is approved.

However, agreed. Bitcoin will skyrocket later after approval when ETF issuers begin twapping hehehe.

Also, it appears Ethereum might also get a spot ETF.



BlackRock, one of the world’s biggest asset managers, officially filed its Spot Ethereum ETF with Nasdaq today. The company’s plan was revealed in a filing by the U.S. exchange where BlackRock will seek to list the product.

Source https://watcher.guru/news/blackrock-officially-files-spot-ethereum-etf-application