Canada spot ETF meaning the investors can buy spot the actual cryptocurrency.
As so far been only approved ETF futures now once ETF are launched investors of this one can not bet on price on long or short.
They can only buy on spot wich means the buying pressure will increase the demand and shrink supply.
What i do think its bullish for bitcoin.
And definately im not the only one who have same opinion about this situation.
We will see about 1 month bullish market as the spot ETF investors definately will drive up the prices.
If it would have been ETF futures like before then we would expecting roller coaster...up and downs... as futures ETF are just bets on the prices long and short.
The first ETF SPOT APPROVAL is bullish sign for less volatility and limited downside moves.
Likely at least the time the ETF investors will start buying it and law of supply and demand....the demand will drive btc price up for some time we are going to see some steady upward movement.
I hope you like this little market analyse
Btw...anyone who knows about finances and instutions im sure they have same toughts.
