Approval of spot BTC exchange-traded funds (ETFs) is a landmark milestone for bitcoin and could have a substantial impact on its long-term price appreciation.
The approval of spot BTC ETFs could lead to a major demand shock in the market, especially in anticipation of the halving event expected in April 2024.
Bitcoin miners represent an attractive investment opportunity for equity investors looking to access the long-term bitcoin adoption trade, and spot ETFs could positively impact miner valuations.