Funds at Extreme Rates, Traders Await Unwinding! Analyst: Bitcoin ETF Has a 75% Probability of Becoming a “Sell the News Event”

According to a report by The Block, Vetle Lunde, an analyst at cryptocurrency research firm K33, stated in a recent report that the decision on the Bitcoin spot ETF is expected to be made between January 8 and January 10. It is possible that related news may leak early and have an impact on the market. However, Vetle Lunde believes that the approval of the Bitcoin spot ETF is likely to be a “sell the news” event.