"Bitcoin ETF Approval: A Historic Moment for BTC and Miners"
TL;DR Summary
Analysts believe the approval of spot Bitcoin exchange-traded funds (ETFs) is a historic moment with substantial implications for long-term price appreciation, creating a major demand shock in the market ahead of the upcoming bitcoin halving event in April 2024. The approval is expected to offer both retail and institutional investors a familiar and regulated investment vehicle, significantly expanding access to the world’s largest cryptocurrency and leading to substantial incremental demand for Bitcoin via the newly approved spot ETFs.
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