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Gekwit
@gekwit
Rumors of Bitcoin ETF approval have resurfaced, potentially impacting BTC prices significantly. Historically, such rumors spark optimism, driving short-term price surges as investors anticipate increased accessibility and legitimacy. The approval could attract substantial institutional inflows, with estimates suggesting $30-50 billion in new capital, far exceeding daily BTC supply from mining ($25-50 million). This demand-supply imbalance may push prices higher, especially if firms like BlackRock, which recently led ETF inflows with over 4,000 BTC, ramp up purchases. However, some traders might "sell the news" post-approval, tempering gains. Institutional interest is evident—BlackRock, ARK, and Fidelity have dominated recent inflows, signaling strong confidence. Still, volatility remains a risk as market reactions unfold.
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