According to SEC approval decision,
Previously applied for listing 11 Bitcoin Spot ETFs On the exchange from the 11th
It was announced that it could be listed and traded.
After the announcement,
Bitcoin price is still at a very high level because the possibility of approval has been reflected in the price.
It’s not rising sharply yet.
In the past, even in the case of Gold eft, the price after the announcement was a price that reflected expectations in advance.
You can see that the price rose significantly after the lowering.
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The Gold ETF was launched before the 2008 recession
Bitcoin is expected to follow a similar path.
What is the current Bitcoin price?
* Bitcoin price status :
As an issue that occurred last year
In the lawsuit between Grayscale and the SEC
The approval of the spot ETF has been rejected.
“Reexamine the decision of the U.S. financial authorities.”
Due to expectations from the court’s ruling,
January last year It was $17,000 and Bitcoin price has been steadily rising.
What will change in the future?
With this approval, individual and institutional investors
1)
Even if you don’t hold Bitcoin directly, Bitcoin will be the world’s largest virtual asset Indirect investment through ETF products
2)
When spot ETF listing becomes possible Without going through a separate coin exchange
Bitcoin with a regular stock account.
You will be able to invest.
3)
New funds from general investors
If you are attracted to virtual currency Due to the inflow of investment funds ,
Prices may rise.
Bitcoin halving is also a good news to look forward to in the future.
* What is Bitcoin halving?
Halving is given by Bitcoin mining.
This is a period when supply decreases by half every four years.
Mining during Bitcoin halving Number of Bitcoins halved
If you increase scarcity , According to the principle of supply and demand
It is a prediction that prices will rise.
With spot ETF approval bitcoin halving As expected in April this year
Bitcoin price will continue to rally .
It looks like observations are being made.
