The post How Will the Crypto Market React to the U.S. Approving Its First Bitcoin ETF? appeared first on Coinpedia Fintech News
The cryptocurrency market stands on the brink of a transformative moment. Analysts are abuzz with predictions as the cryptocurrency world eagerly anticipates the possible approval of the first U.S. spot Bitcoin Exchange-Traded Fund (ETF). This landmark event, expected between January 5th and 10th, 2024, could mirror the historical trajectory of gold’s price following the listing of the first spot gold ETF in November 2004.
Wall Street listed the first ever spot gold ETF in November of 2004, and the price never came back down again.
We may never see this #bitcoin price ever again once the BlackRock ETF (and others) is approved.
90% chance the spot ETFs all get approved January 5th-10th 2024… pic.twitter.com/3c6uBa3k3d
— Altcoin Daily (@AltcoinDailyio) December 4, 2023
In 2004, Wall Street witnessed the launch of the SPDR (State Street) Gold ETF (GLD), a
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