Will Bitcoin go to the moon ? Not at all!
How ETF works?
Some traders buy the unit sold by other traders.
Who will be Buyer Retail Individuals
Who will be seller BlackRock & Institutional investors.
Why they will not allow BTC to fly?
1% Bitcoin pump is 1% loss to Seller. Will Blackrock bear such loss?
Not at all!
They will not let $BTC to fly
But they will dump it hard through heavy selling pressure.
Realistic Bitcoin Forecast suggests that it will see appreciation around 20 to 30%.
However, #Altcoins will be beneficiaries due to absence of selling pressure.