Will it actually? We've seen this statement being made quite often.

It's well known that the current market strenght is influenced by the potential bitcoin spot ETF approval.

In crypto it's also well known that the actual rumour and speculation is often bigger than the news itself.

For example:

Crypto token price pumps on the announcement of a tier 1 listing next week but actually dumps on the day of listing itself.

This is a very common occurrence due to price already factoring in the news.

However is this really the same?

Are us in crypto really the only ones in the world that will react to this news?

Let's look at the statistics in the image below:

According to Google trends, bitcoin searches are absolutely nowhere near the height of 2021.

Considering the current price of bitcoin isn't really that far away from its old high anymore tells us something.

We are fast approaching $50,000 again after all.

This basically means the speculation and the news is mostly just known to us involved in this space.

Another example:

If I ask a good friend of mine if they know anything about a BlackRock spot bitcoin ETF application, they would be totally clueless.

Wouldn't an actual approval create a ripple effect across the globe or at least hit major news outlets?

Those bitcoin Google searches would peak really really quickly.

And also:

Is an actual spot bitcoin ETF approval just comparable to any other "buy the rumour, sell the news" kind of event?

We are currently in the phase of betting on a potential approval (which again most outside of crypto still don't know about).

The actual approval will shock even us involved in this space because it's big. It's really big.

𝙄𝙩 𝙬𝙤𝙣'𝙩 𝙗𝙚 𝙖 𝙨𝙚𝙡𝙡 𝙩𝙝𝙚 𝙣𝙚𝙬𝙨 𝙚𝙫𝙚𝙣𝙩.

Looking at some stats and just common sense it's easy to see an actual approval will create quite the buzz in and outside of crypto.

The current market influence is by the potential approval is present but it's not nearly at the same size as the actual spot bitcoin ETF listing itself.

Is it all rainbows and sunshine?

BlackRock has an immensely large track record but a refusal is theoretically not impossible.

This would set us back and potentially be the catalyst for a pre-halving dip in the market.

Only to eventually approve it a few months later again (market manipulation at its finest).

If you know you know 👀

But I wouldn't count the approval out next month either or maybe even sooner than that (surprise!)

Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.

Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯

Until next time, stay SAFU.

Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.

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