Spot Bitcoin ETF Approval Might Be Near, but Analysts Differ on Possible BTC Price Reaction

$Bitcoin(BTC.CC)$ briefly rallied 7% to $30,000 before retracing on an erroneous news headline of the SEC approving BlackRock's spot BTC ETF application.
Price gains could be even larger when a real approval arrives, said one team of analysts, while another outfit suggested approval has been priced in.
If prices do jump on a spot ETF green light, it could be a "sell the news" event, suggested Enigma Securities.