Analysts Divided on Prospects of Sell-the-Fact Move as Bitcoin ETF Listing Nears

“Disappointment from the BTC futures ETF listing could provoke a correction – after other seminal BTC market moments such as the listing of BTC futures on the CME in December 2017 and the listing of Coinbase on Nasdaq in April 2021, the market fell sharply,” said Noelle Acheson, head of market insights Genesis Global Trading, Inc. “However, even if there is some sell-off, it is unlikely to be as deep or lasting as the previous examples because of where we are in the market cycle. In both previous cases, the market was already frothy and showing signs of exhaustion – that is not the case this time around,” Acheson said.