Bitcoin ETFs Finally Approved After Years of Waiting

After 10 and a half years, Spot Bitcoin ETFs were finally approved, leading to intense excitement and high trading volumes in the first few days. There were concerns and conspiracy theories leading up to the approval, including speculation that the SEC chairman manipulated the market with a fake tweet. However, the approval brought relief to those involved and signaled a significant step forward for the cryptocurrency industry. Despite the successful launch, some people expected the ETFs to cause an immediate spike in Bitcoin's price, while others questioned the impact of the ETFs on the original purpose of Bitcoin as a currency outside the traditional system. Overall, the launches were seen as a success, with substantial trading volumes and positive investor response.