We asked ChatGPT-4 if spot Bitcoin ETFs are already priced in
A highly expected approval of spot Bitcoin ETFs has dominated the cryptocurrency market narrative in the last months. Investors speculate whether this event could increase the demand for Bitcoin (BTC), positively affecting its price. Particularly, BTC price surged following two different rumors starting on two consecutive Mondays on October 16 and October 23. The first rumor started after unverified “breaking news” of BlackRock’s ETF approval that proved to be false. The second happened with another supposed “breaking news” of the ticker of BlackRock’s Bitcoin ETF being added to DTCC’s list — which was later revealed to be there since August 2023. Understandably, skepticism and controversy have grown in the crypto community after these “buy the rumor, sell the news” consecutive events regarding the financial giant BTC-based product approval. Cryptocurrency Bitcoin flips Tesla's market capitalization amid strong BTC price rally Cryptocurrency ...