đDeFi enthusiasts, buckle up! Rumor has it that the SEC might *finally* approve a spot Bitcoin ETF as early as Friday! đ But what does this mean for the crypto market? đ¤
đ°Some say it'll create "trillions in value" long term, but others think we're overestimating the initial impact. Gabor Gurbacs from VanEck says initial flows will be just "a few hundred million of (mostly recycled) money." đ
đOthers predict a "supply shock" as ETF issuers buy up tens of billions of dollars in Bitcoin to meet institutional demand. Will this lead to a massive price rally or a sell-the-news-led pullback? đ
đLet's not forget the global economy's role in all this, with rising interest rates and worsening household finances. Will this dampen mainstream uptake for spot ETFs? đ đ¸
đĽWhat do YOU think will happen if the SEC approves a spot Bitcoin ETF? Share your thoughts in the comments! đŁď¸đ
