Bitcoin ETF Approval Expected to Unlock Trillions in Value

The co-founders of Glassnode, a crypto analytics firm, believe that once regulators approve a spot-based Bitcoin exchange-traded fund (ETF), a flood of institutional capital worth trillions of dollars will pour into Bitcoin. They estimate that over $15 trillion in assets from companies are waiting for BTC ETF approval. The introduction of Bitcoin Spot ETFs could reshape the financial landscape and potentially ignite a bull run in the crypto market. However, the co-founders also anticipate short-term "sell the news" events following ETF approvals due to market dynamics.