Issue 112 – Bitcoin ETF Rejected

November 12, 2021


Happy Friday, Cryptocademy!

The not-so-happy news is that the Bitcoin spot ETF was rejected today.

But is it really that bad?

I’ll share my opinion on today’s news, including how it may impact the chart.

Plus, updates on BTC, ETH, DOGE, LINK, VET, and KITTY.

Let’s get it!

News by Itself Is Neither Bullish nor Bearish

Many big Twitter accounts were calling for a Bitcoin ETF approval as if it was a sure thing.

There was nothing guaranteed about a spot ETF approval.

I’ll admit that I was leaning toward the likelihood of approval after the two futures ETFs recently. A spot ETF seemed like a logical sequel.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast. My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig. The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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