K33 Research: Approval of Bitcoin spot ETF has 75% chance of causing massive BTC sell-off

Vetle Lunde, a senior analyst at K33 Research, predicts that the decision on Bitcoin spot ETFs will be made between January 8th and 10th, but news that could affect market trends may be released earlier. Lunde believes that approval would result in a sell-off news event.Lunde believes there is a 75% chance of this outcome, a 20% chance that approval and inflows of funds will drive prices up, and a 5% chance of rejection.