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Understanding Decentralized Finance (DeFi) ✌️【Weekend Job】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.

Understanding Decentralized Finance (DeFi) ✌️【Weekend Job】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.Adds comments from analysts throughout the story.Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously.

Understanding Decentralized Finance (DeFi) ✌️【Weekend Job】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.Originally from Budapest, Hungary, he is now based in New York.

He holds BTC and ETH.Understanding Decentralized Finance (DeFi) ✌️【Weekend Job】✌️Invest with ₹500 and earn up to 100% monthly. Start growing your money now!