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The Price Impact of Bitcoin ETFs: 'It's Definitely Going to Pump Quickly'

From thestreet.com

Nothing is as influential on crypto markets at the moment as the potential for an approved spot bitcoin exchange-traded fund (ETF) in the U.S., anticipated to become a reality as soon as January or February 2024. Roundtable anchor Rob Nelson capitalized on this anticipation and sparked a lively discussion among industry experts about the potential impact such an approval might have on bitcoin’s price and the broader market. Nicholas Scherling, founder and CEO of DeCryptoFi, expressed confidence in a significant price surge following possible ETF approvals. “It’s definitely going to pump quickly,” he stated. ... (full story)

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  • Category: Fundamental Analysis