On January 11, after SEC approval, spot Bitcoin ETFs begin trading; ETH is growing as speculation shifts towards the ETH ETF. 
Bloomberg analyst James Seyffarth confirms that spot Bitcoin ETFs will begin trading as early as January 11, following SEC approval of 11 such ETFs. As the S-1 prospectuses become effective, no further steps are required to launch them. Cryptocurrency ETF products typically begin trading within two weeks of approval. The launch of these ETFs marks a significant step for traditional financial giants, offering institutional investors regulated exposure to Bitcoin. Analysts predict a long-term positive impact on the price of Bitcoin, although this may not be as noticeable in the short term. BTC is currently trading at $46,410, showing slight growth since the ETF was approved.
While BTC was little changed following its long-awaited approval, the largest cryptocurrency may have shown resilience as the market's "buy the rumor, sell the news" behavior didn't work out this time. In our opinion, this may be due to the Bitcoin halving and wider institutional adoption. Firstly, the Bitcoin halving, expected in April of this year, usually leads to speculators entering the market several months earlier. With three months left until the halving, Bitcoin is likely to test new highs for the period. On the other hand, greater institutional adoption is leading to lower volatility in traditional equity markets, where index ETFs such as the S&P 500 ETF exhibit resilience in the face of market volatility. BTC has seen broader institutional buying in the past year, and these institutional investors typically hold longer than retail investors and have a longer investment horizon.
