Yesterday, the BTC price surged due to the fake news of the 1st BTC spot ETF approval

When I saw this BTC chart, I thought something overwhelming happened! Yes, it was right for a while. Then, I started looking for news related to reasons the price surging. Then, I found a post on the X app.

This post said that SEC approves BlackRock iShares BTC spot ETF. I believed that it's 100% reliable. Because, Cointelegraph is one of the major press in the crypto industry. So, I thought they're not lying.

However, 1 hour passed, it was deleted.. no way 😂😭 ridiculous .. I think someone who has the authority to publish posts might write the post to make a profit, or the account was hacked by someone.

Anyways, my conclusion is all of us could check the impact of BTC spot ETFs. It's been a long-time dream for crypto investors during the last 6 years. Dreams will be come true.

You can check the 2nd deadlines of approval status for BTC spot ETFs by the SEC.

The SEC stated that they won't appeal the ruling for conversion from GBTC(Grayscale BTC) to BTC spot ETF. I think that means they would be approving BTC spot ETFs within Apr 2024. You know what, the 4th BTC halving date is scheduled to Apr 2024. It seems that overwhelming capital wave is coming.. 🌊🏄‍♂️💵💴💷💶💸🤑