Institutions Will Flock to Crypto Markets After Bitcoin ETF Approval, Says CBOE Digital President: Report

The president of crypto clearing house CBOE Digital is apparently over the moon, just absolutely thrilled, about the possibility of the first Bitcoin exchange-traded fund (ETF) getting the go-ahead in the US. Hold your excitement – according to the latest report from Bloomberg, John Palmer is expecting a flood of new institutional investors. Because, you know, institutional interest in the crypto markets wasn't already a riveting topic. Brace yourselves, pension funds and investment advisors are supposedly on the verge of an exhilarating migration... or so they say.

Top 5 Cryptos For Beginners To Buy Now In January 2024

Hold on to your moon boots because the cryptocurrency rollercoaster is at it again in 2023! Bitcoin and its altcoin buddies are back, rebounding like they just discovered the trampoline feature in their blockchain. Sure, they haven't quite reached their historical highs, but hey, who needs the past when you've got the potential for gains that could make Elon Musk jealous?

Now, picture this: the key to unlocking crypto utopia in 2024 might just be a magical approval wand waved by the U.S. Securities and Exchange Commission for a spot Bitcoin exchange-traded fund (ETF). If they give it the thumbs up in January, we might witness a bull run that makes the running of the bulls in Pamplona look like a leisurely stroll.

In this fantastical world, any hint of positivity will be treated like the discovery of a new planet—prices will skyrocket faster than you can say "blockchain." Brace yourselves for a tidal wave of enthusiasm that might just lift altcoins to the moon and beyond. It's crypto, baby, and the only rule is there are no rules... except maybe the ones written in the code.

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DP

*DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your research.