Was listening to Bitcoin and . . . recently, the point was made that an ETF is a conduit for those that don't want to actually hold it but just want exposure, or divest from cash (as only cash is being accepted.) What a surprise!

This may likely take away some potential direct involvement with Bitcoin. I think weighing up whether it's bullish or not is besides the point when cash enters the market. Despite tenuous claims to actual Bitcoin, it's the case that expectations/performance will become an issue again and the ensuing sentiment will stir the market until the news cycle finally gets tired of it.

It feels like the endless back and forth from the SEC has only served to lend some more attention to itself. When, truth be told, first we had the investment banking cartel dissing Bitcoin, based on whatever lies they could pull out of a hat, and this has ended in a proportion of the more upright investment community 'wanting to help'.

Good point about the halving likely being baked in to a large extent this time round, to include my own natural bullishness, possibly it is under-looked in the short-term.