When you are investing in Bitcoin through a Bitcoin ETF, you have to trust a third party, and you don't own any real Bitcoin at all. I am not sure if the broker holds the exact amount of bitcoin they are selling for ETF. There should be regulations to ensure transparency. Then we may see the real impact on Bitcoin. I am not highly expecting anything from the Bitcoin ETF at all. We already see how the market reacts after the approval of the Bitcoin ETF, which was a long-awaited process. So now the market will be normal, and we may see some sell-off, which is already happening. Then, as usual, we may see a real bull run because of the halving.
This is exactly as I have always thought. I guess it would be really difficult to know the impact of Bitcoin ETF approval because Bitcoin halving is very close.
I don't think the approval will have any big impact. Before the approval, I thought I thought it would have a short-term impact if it would have any at all, but a lot of people believe it will have a long-term impact. Let's wait and see.
