👀 Bitcoin ETF Proving to be "Sell-the-News" Event
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Today will likely make crypto history. After a decade waiting for a spot Bitcoin ETF, all signs show today will be when it finally happens. Analysts expect the decision from the SEC to approve the first-ever spot Bitcoin ETF will come at around 4pm ET. This being crypto though, the road here has been WILD, with the SEC pre-empting its own announcement on Twitter yesterday after their account was supposedly hacked.
The failed SEC tweet gave us a glimpse on how the market will react, and it appears the long-awaited spot Bitcoin ETF was a sell-the news event, as BTC just briefly rose, before falling on the fake tweet. Meanwhile, ETH is outperforming after weeks of lagging the largest cryptocurrency.
✍️ In today’s newsletter:
- BTC drops, ETH gains after fake SEC tweet
- Gensler Said SEC's Twitter is "Compromised"
- Fox Launches Protocol for Content Verification
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