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Profit from AI powered tools that enhance ad targeting and improve conversion rates ✌️【Short-Term Contract】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!Despite 10 years of failed attempts to list spot bitcoin ETFs in the U.S., most market observers overwhelmingly expected regulatory approval this time, given BlackRock's track record of successful applications and asset manager Grayscale'scourt victoryover the agency in August.Now, attention turns to how much demand these investment vehicles will attract when they start trading.While the ETFs may trade as soon as Thursday, the wider impact of the products will be seen in months, Ophelia Snyder, co-founder of crypto investment product issuer 21Shares, said in a CoinDesk interview.Bartosz Lipiński, CEO at crypto trading platform Cube.Exchange, pointed out that ether outperformed bitcoin amid the news, suggesting that altcoins will also benefit."It's been a while since the second-largest digital asset moved 10% in a single day, so this is rather substantial," Lipiński said in an emailed note."Looking forward, it would make sense to see BTC eventually resume rallying higher as supply becomes more scarce while these 11 ETFs begin to gobble up significant amounts of supply," he explained.
"With bitcoin potentially becoming harder to buy, it would also make sense that other coins begin to fill the void left behind.""ETH, solana [SOL], Polygon [MATIC], and others could greatly benefit from this desire to find additional opportunities elsewhere in the digital assets ecosystem," Lipiński added.UPDATE (Jan.
10, 22:35 UTC):Updates BTC price action.
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