📈 Bitcoin's inability to surpass its all-time high has crypto traders biting their nails. But fear not, crypto enthusiasts! Experts from CME, TradingView, and TJM Institutional Services are optimistic. They believe the launch of a spot Bitcoin ETF could be the magic wand that sends BTC soaring to the moon. 🚀

TradingView's Pierce Crosby says ETFs are a boon for retail investors, offering low fees for quick buy-ins and exits. CME's Giovanni Vicisoso agrees, adding that ETFs could bring in investors wary of centralized exchanges, aiding Bitcoin's price discovery.

Meanwhile, Jim Iuorio of TJM Institutional Services warns of disappointing U.S. Treasury auctions. However, he believes the Federal Reserve's potential rate cuts and easing could benefit Bitcoin.

So, is Bitcoin a hedge against inflation or just another tech stock? The jury's still out, but one thing's for sure: exciting times lie ahead for the crypto market!