Quote from: Woodie on Today at 08:24:28 AM

Quote from: bbc.reporter on November 06, 2023, 03:36:20 AM

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. I assume the take up on futures ETF in America has also only been modest?

That's unexpected, could this mean these spot ETFs are just overhyped and don't carry much of an impact on the markets in terms of BTC demand???

Hong Kong is neither a major power nor a large enough financial market to impact world markets, but the US is completely different so the ETFs of these two countries will have different impacts on bitcoin. If you have doubts about whether ETFs really have a positive impact on bitcoin prices, you can also experience for yourself what has happened in the past days. Isn't the market very excited and happy about the news that the SEC is ready to approve ETFs? That suggests the impact of ETFs could be much larger than we thought.