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After a tumultuous morning with a preemptive approval notice from CBOE that was later walked back, spot BTC ETFs at long last received approval! Crypto has reached a historic milestone, but where does the industry go from here?
Bitcoin’s 1.8% run-up immediately post-approval felt muted, considering that yesterday's faux approval Tweet garnered a momentary 2.7% increase in price.
While yesterday’s false Tweet wiped out massive amounts of open interest on crypto coins, it also provided a window of insight into how ETH would react post-spot BTC ETF approval.
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