You read the title correctly.

Bitcoin just shot up 7% after the recent news had come out stating that the SEC had ruled that ETFs for bitcoin were now a thing. This means financial institutions can now get into bitcoin while simultaneously working under the hand of the law, and being backed by the FDIC. Meaning that if bitcoin were to ever go to 0, thier finances would be covered for up to 250,000$ per person. This is a major step forward for bitcoin, and most cryptos including ethereum. This also means that a ETH ETF might be expected to exist very, very soon.

That is a good-looking graph. Especially when it means that over 20 billion dollars of investors' money had just entered bitcoin, let's take a look at how this news had effected ethereum and solana.

It's almost as if one peice of news could affect the whole crypto market in an instant. My guess is that the original spike had ocurred due to hedgefunds buying in instantly after the news came out, followed by individuals watching live on the news and so on.

It's pretty interesting...we might be finally getting into a bull-run after a very long time of us all maintaining 30k usd.

This is all somewhat unexplored territory...we might just begin to start the same crypto revolution that existed back in 2016-2019. Ethereum might double...solana might quadruple....bitcoin cash might 10x.... oh this is all so exciting, it's all looking pretty good for crypto right now!

That's all for right now, I'll keep you updated with how I manage my porfolio from this point onwards.

Gotta go watch my litecoin, solana, and ethereum go to the moon!

Cheers.