Crypto

'If Bitcoin ETFs get approval, the expected may not materialise!'

As the cryptocurrency world waits for the US Securities and Exchange Commission (SEC) to approve spot Bitcoin ETF applications, new predictions are emerging. Options trading platform Greeks.live commented that the expected rally may not materialise if the funds are approved by examining the preferences of trading customers.

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According to the official account, the fourth option dated 12 January is losing value instead of rising.

Stating that the option volume was not at a sufficient level in the first weeks of January, Greeks.live commented that if approval comes, the rise expected by investors in Bitcoin will not materialise.

While giant asset managers submitted the necessary documents to the SEC for the Spot Bitcoin ETF on 29 December 2023, the markets are waiting for approval news from next week.