LIVEBreaking News: BTC ETF got official approval by SEC ( not fake anymore)
As per cointelegrah and cnbc news just now.
Its clearly that Bitcoin will be approved to be used in regulated ETF
"The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency."
Positive impacts:
Increased legitimacy and mainstream adoption: A regulated ETF could bring Bitcoin into the traditional financial system, making it more accessible to institutional investors and individuals with existing brokerage accounts.
This could lead to increased investment in Bitcoin and the broader crypto market, potentially boosting prices and overall market capitalization.
Improved liquidity and price discovery: An ETF could increase the trading volume of Bitcoin, leading to improved liquidity and more efficient price discovery. This could benefit all market participants by reducing price volatility and making it easier to buy and sell Bitcoin.
Enhanced market infrastructure:
The development of an ETF would likely require robust infrastructure and regulatory frameworks around custody, trading, and clearing. This could benefit the entire crypto industry by establishing best practices and improving standards.
In short story, It's a bullish sign for now. In the next couple minutes / hours it will be a green candle for all crypto coin and token.
Who bought on red will be gain lot of profit.
Remember you have options to sell on news.
