In this latest and for now final episode of Madelon Talks, Madelon Vos talks about the arrival of the long-awaited Bitcoin (BTC). Exchange-traded funds (ETFs). This approval marks a turning point for the crypto world after a decade of debates and denials, and Madelon discusses the latest news.
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The long-awaited Bitcoin ETF approval
On January 9, Gary Gensler, chairman of the American Securities and Exchange Commission (SEC), on X (formerly Twitter) announced the mass approval. This announcement followed years of requests from various parties.
The approval was seen as a historic moment for the crypto industry. The approval not only signifies the recognition of Bitcoin as a legitimate asset class, but also opens the door for institutional investors to invest in Bitcoin in a regulated manner.
The approval of the ETFs followed a long series of applications and rejections since 2013. Parties such as Winklevoss Brothers and Fidelity have submitted their applications over the years. Only after the lawsuit from Grayscale, the world's largest crypto asset manager, was the SEC forced to consider approval.
The market responded to this approval with an impressive trading volume of $4.6 billion. However, the price of Bitcoin showed a mixed picture, with the price first rising and then falling.
These price movements led to speculation about the impact of ETFs on the crypto market. Analysts note that the approval could have a positive long-term impact for Bitcoin despite short-term declines.
The latest episode of Madelon Praat marks a temporary farewell as Madelon prepares for the birth of her baby. In the last episode for now, Madelon discusses from A to Z what the Bitcoin ETFs contain and what expectations she has for the future. She also shares an interesting technical analysis of Bitcoin price.
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