11 Spot BTC ETFs Approved by SEC Today, But Will it be the Boon to BTC Prices HODLers All Desire?
Short-term, yes, but...
Today, the US Securities and Exchange Commission approved for trading, eleven spot Bitcoin ETFs, including those operated by BlackRock, Fidelity, Grayscale, VanEck, Bitwise, Franklin, Valkyrie, Hashdex, Ark Invest, WisdomTree and Invesco Galaxy. For the BTC community, even though other global spot BTC ETFs already existed, this was a big announcement, but 100% not for the reasons constantly forwarded by the hive mind of the BTC community. This was a huge announcement because the US is