@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-applicationUnlike Bitcoin, Ethereum and its subsequent tokens have been considered many times to be unregistered securities in the past, by the SEC. So while I am quite enthusiastic about Bitcoin getting an ETF, I am not quite as sure about Ethereum. As far as I remember, Bitcoin has never been accused by the SEC of being an unregistered security. I think we need to see first, whether or not Bitcoin will get its own ETF in the United States soon. There still very much is the chance that the filing will be blockaded by pure bureaucracy or other ridiculous reasons. But it is coming, sooner or later, thats for sure.