Bitcoin ETF vs Gold ETF: “buy the rumour, sell the news”

I, the Bitcoin Consultant, have a new video for you! Bitcoin (BTC) has been doing relatively well in recent times. This is partly thanks to the world’s largest asset manager. BlackRock has applied for a bitcoin spot exchange-traded fund (ETF) in the United States.

Will the US regulator approve this application? Unfortunately, the Securities and Exchange Commission (SEC) has so far rejected all such applications. However, we will probably have to wait a while for the SEC’s answer, but a large number of other companies have also filed new applications.

Should the SEC approve any of these filings, the crypto market hopes it will trigger a massive influx of new money. An ETF opens the doors for American institutional investors. When the SEC approved an ETF for gold, it also generated massive capital inflows.

Will we see this again or are we dealing with a so-called “buy the rumour, sell the news” effect? I discuss it in my new video and of course also analyze the bitcoin price itself. So don’t miss it!

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