spot bitcoin ETF

Crypto World takes a deep dive into spot bitcoin ETF’s and what the approval could mean for the crypto industry and investors.

ETF Rejection FUD Crash

Cryptocurrency analysis company Matrixport’s contradictory predictions regarding the approval of Bitcoin Spot ETFs caused speculation in the cryptocurrency world. Matrixport first published an analysis predicting that Bitcoin Spot ETFs would be rejected, leading to a significant drop in the price of Bitcoin. This prediction drew reaction from both cryptocurrency followers and Bloomberg analysts. Also on the same day, Matrixport analysts published another analysis, this time predicting the approval of Bitcoin Spot ETFs. Meanwhile, Members of the Nasdaq team are meeting with the Securities and Exchange Commission on Wednesday and plan to discuss, among other topics, a long-awaited spot bitcoin exchange-traded fund.