Why Do Crypto Traders Care About Spot Market Bitcoin (BTC) Exchange-Traded Funds (ETFs)?

The demand for ETF news is clear enough โ€” as Blockworks reported, the Binance BTC/USDT market, which accounts for 8% of bitcoin daily trading volume, saw a 7% candle roughly 30 minutes after an unsourced, unproven tweet about BlackRockโ€™s approval was posted. Mind you, this is in an industry that was already embarrassed by fake news that in 2022 WalMart was going to accept litecoin (LTC), a project that hasnโ€™t been relevant since the year it was created.

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