Bitcoin ETF Approved: Now What?
From Nasdaq:
1. After many legal battles, the U.S. SEC has approved the Bitcoin spot ETF, allowing investors to track the price of Bitcoin without owning the digital asset. 5 things to watch post-approval include ETF flows, generational adoption, volatility, price and volume action, and a potential Ethereum ETF.
2. Watch for enthusiasm as Spot Bitcoin ETF trading kicks off. In the midst of excitement, observe if all-time flow and volume record for IPOs is broken by BlackRock’s IBIT spot Bitcoin ETF. Generational adoption of Bitcoin by older generations is also on the radar.
3. Expect volatility with the approval of the Bitcoin spot ETF. Larger price fluctuations following this game-changing announcement are indicative of increased uncertainty and risk on Wall Street.
4. The most important thing to watch is price and volume action in Bitcoin as well as bitcoin proxies such as miners like Marathon Digital, Riot Platforms, Bitfarms, and Hut8. The Bitcoin chart is in a strong uptrend, breaking out of a bullish consolidation.
5. Ethereum outperformed Bitcoin and rose by 10% amid the Bitcoin spot ETF news. Investors wonder if an Ethereum ETF is in the future. The market is once again in control. The article is sponsored by Zacks Investment Research.
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