US Spot Bitcoin ETFs Set to Make Historic Debut Tomorrow

[sirty143]

US Spot Bitcoin ETFs Set to Make Historic Debut Tomorrow

The long-awaited U.S. spot bitcoin exchange-traded funds (ETFs) will finally commence trading. The Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs on Wednesday to be listed and traded on the NYSE Arca exchange... See more for yourself here.

Your opinion is greatly appreciated.

[yhiaali3]

Yes, everyone is happy with the approval of the long-awaited Bitcoin ETFs. I expect that there will be a very large demand for these funds in the coming period. According to what I read in Cointelegraph, the trading volume for Spot Bitcoin ETFs reached about 4.5 billion dollars on the first day, although some of them have not yet started.

The problem I see with these Spot Bitcoin ETFs is that they may affect the liquidity available in the spot trading market for Bitcoin. If this large liquidity entered the spot trading market, we would see the price of Bitcoin soar to large numbers.