I think that this is a big news to talk about and this news is about Bitcoin and ethereum trade notes. Spot ETF approval was definitely a big news per Bitcoin and worldwide community dealing in Crypto. We have seen how these approval has triggered the price for Bitcoin and it has crossed its all time high price already and currently trading beyond that. Just imagine this is the beginning and once more people are moving towards these spot ETF to invest in Bitcoin then where these price is going to be and I believe that 100K is easily possible in this year 2024. The Bitcoin price is going to go a lot in the coming years but the goal farm 2024 it's surely going to be 100K US dollars and it can be much more than that also in this year or the next year..
London Stock Exchange said it will accept applications for trading these crypto ETNs from April 8, 2024. However, the market will be subject to the approval of the UK regulator, the Financial Conduct Authority (FCA).
London stock exchange will be accepting the application for these exchange traded notes and this application process to start from April but the listing will happen in the second quarter of this year. Again there is no confirmation about the approval but hopefully there are chances that these approval will happen and post that we can again see more demand of Bitcoin coming in the market which will anyways result in the price increase maybe immediate or some point of time later.
I don't know how things will be for the trade as but the Crypto market is going to be significant and one of the best market for those who have invested in Crypto assets for the long term. If you have invested for 5 year or 10 year horizon then you must be happy with the outcome because it is going to be multifold and hard to imagine at this point when we don't know how things will be in future how your the most probability is that things are going to grow a lot.
As this is a fantastic news for the community so are you excited and looking forward to see how this happens and what impact it brings in the Crypto market?
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