Founder of Euro Pacific Capital: If the Bitcoin spot ETF is approved, the market rally may stop

ChainCatcher news, according to CryptoPotato, renowned financial commentator and founder of Euro Pacific Capital Peter Schiff stated that the final approval from the SEC will end the bullish trend of Bitcoin spot ETFs.

He mentioned that once BTC is actually approved as a spot ETF product, the momentum will lose its strength. If the ETF is rejected again, the sell-off will not be as severe.