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TechFlow news: Crypto trader DeFi^2 tweeted that currently, almost all signs indicate the ETF approval is a done deal, although many are still avoiding risk or waiting for confirmation.
If spot Bitcoin ETFs are approved this week, $43,000 will be the near-term price floor.
If the ETF launches in the same week as approval, a Bitcoin sell-off is unlikely, and it will attract substantial new capital from outside the crypto space.
Crypto trader DeFi^2 tweeted that currently, almost all signs indicate the ETF approval is imminent, although many are still avoiding risk or waiting for confirmation. If the spot Bitcoin ETF is approved this week, $43,000 will become the near-term price floor. If the ETF launches in the same week as the approval, a Bitcoin sell-off is unlikely and it will attract substantial new capital from outside the crypto space.
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