👑CRYPTO NEWS👑

🔥Impact of Spot #Bitcoin ETF approval on price action 🔥

Here's the deal: I foresee a quick spike and then a significant dip post-approval. It's likely a classic 'sell the news' scenario.

But don't fret! As we approach the trading date, we might see a climb back up. The real bullish vibes kick in when the ETFs start trading. Here's the scoop on how they acquire Bitcoin:

Contrary to popular belief, ETFs don't need to buy Bitcoin beforehand. The process is straightforward. Once trading begins, the fund gets cash, which heads to its chosen exchange—like Coinbase in this case.

Coinbase then buys Bitcoin and transfers it to the custody accounts. Any sell orders? Coinbase handles those too.

This cycle happens daily, so no pre-buying necessary. While there might be retail anticipation, I anticipate institutional shorts to outweigh this until the real capital flow starts.

The true price assessment? It's more of a waiting game. Let's talk 3, 6, and 12 months post-ETF approval.

My take might seem bearish in the short term, but long-term, I'm bullish on the Bitcoin ETF for the next decade. Remember, short-term market moves are just that—games.

Writing this to prep you: don't panic if the price takes a dip post-approval, especially if you're expecting an immediate surge. Stay cool! 📉🚀

#BitcoinETF #CryptoInsights $BTC $ETH $XRP #cryptoadvice #tothemoon 🚀🌕