The US Securities and Exchange Commission's (SEC) approval of 11 spot Bitcoin ETFs had a significant impact on the price of Bitcoin. This approval has been awaited for a long time both in the financial markets and in the cryptocurrency world. However, the impact of this positive news resulted in an unexpected decline and Bitcoin lost 15 percent of its value within a week.

As a result of the markets pricing in ETF approval, the value of Bitcoin increased from 30 thousand dollars to 45 thousand dollars. With the opening of ETFs for trading, disappointment in the market and profit realizations caused the price to fall. The declines in the first two trading days, especially in the USA, caused the price to fall below 42 thousand dollars.

Artificial intelligence chatbots such as Perplexity are the reasons behind the recent decline; High expectations before ETF approval and positions based on these expectations suggest confusion regarding investors' profit realizations and ETF structures. It is also stated that increased volatility and liquidation of leveraged positions may have affected the price.

Analysts think that SEC's ETF approval will have a positive impact on Bitcoin price in the long term. According to preliminary data, over $2 billion has been invested in ETFs. This indicates that investor interest is high. According to popular artificial intelligence chatbots, it is stated that the block reward halving that will take place in April may also contribute to Bitcoin's regaining strength.

As a result, market analysts and investors predict that Bitcoin's price will rise in the future with the approval of ETFs and other developments in the cryptocurrency world.