Will Jim Cramer’s bullish call on Bitcoin lead to a bullish trend for Bitcoin spot ETFs?
However, Jim Cramer also mentioned that some people will certainly take this opportunity to sell Bitcoin and take profits. Previously, analysis firm CryptoQuant cited several data points, believing that BTC faces the risk of a downward correction, which could potentially result in the “sell the news” event for Bitcoin spot ETFs. Arthur Hayes, the founder of BitMex, also recently stated in an interview with Unchained that if a Bitcoin ETF is approved, BTC may not immediately rise, but in the long term, it is still bullish because it will provide a great investment channel for those who want to earn fiat currency.
