After the adoption of the Bitcoin ETF, even if all the good news goes up and down, it is inevitable to enter a slow bull market, because Bitcoin will face tight supply problems, and institutions will need to buy from the secondary market to support price increases. The next one will be eth, which is expected to be approved soon.
According to an announcement on the official website of Cboe (Chicago Board Options Exchange), Cboe will begin trading tomorrow’s Bitcoin spot ETFs issued by ARK 21Shares, Fidelity, VanEck, Franklin, Invesco and WisdomTree.
The sec approval news just now is a hacker operation. Pay close attention to Wednesday and Thursday for the real approval. The SEC’s official X platform account shows that the tweet “Bitcoin spot ETF approved” has been deleted. Gary Gensler posted on the X platform that the SEC’s official Twitter account was hacked and unauthorized tweets were posted. The SEC has not yet approved the listing and trading of spot Bitcoin ETF products.
The US SEC has approved the listing of all spot Bitcoin ETFs, so eth has ushered in the expected space. Next, it is recommended to focus on eth. Don’t go long against the trend when the market is adjusting.
The US SEC has approved the listing of all spot Bitcoin ETFs. As I said yesterday, it will rise and fall in the first five minutes. Today and tomorrow are key nodes. If we cannot recover the 48510 point that we just shot up, if we don’t enter the market for the time being, we may enter a period of adjustment where all the good news has been exhausted.
According to the latest analysis from all trustworthy institutions, the Bitcoin spot ETF may be approved this Wednesday and start trading on Thursday or Friday. The rise in Bitcoin tonight is obviously the entry of institutional-related funds from the United States. Bitcoin will be relatively strong in the past two days, but after the approval is announced, there is a possibility that all the good news will push it up and down. If you are cautious, you can close your position within one minute of the announced increase. Finally, it is recommended to only trade Bitcoin during these two days
Many people don’t know that TRB actually has an unlimited supply of tokens. Let me explain it clearly to you. TRB adopts a token issuance model that combines POS and POW and has no fixed token supply. Calculated based on the current circulation and an annual inflation rate of 17%, the annual new tokens will be 420,000 and the monthly new tokens will be 35,000.