Bitcoin optimism

In today's crypto market musings, I tried to highlight the fact that the ETF that was rejected by the SEC wasn't the key one.

  • "The CBOE application is the best chance of being approved as they will be purchasing from only KYC AML compliant institutions and will follow all CBOE market rules.This one is the key as it intends to address the reasons why the Winklevoss application was denied."

BTC/USD fell hard on the headline of 'bitcoin ETF rejected by the SEC', but with the market now up on the day, it looks like the move might have been overdone.