If the upcoming ETF spot decision is a ‘Sell the news’ event, then why not sell now?
If the upcoming ETF spot decision is a ‘Sell the news’ event, then why not sell now?
As the title says, there are two popular assumptions that I’ve recently come across:
- If the spot ETF will be rejected by the SEC, the price will drop.
- If the spot ETF will be approved by the SEC, then it’s a “sell the news” event, and the price will drop (even if temporarily).
So if the price is going to drop anyways, why don’t we see a massive sell-off today coming from the exact same people who plan to sell their bags once the ETF is approved/rejected?
Jason Johnson Answered question
Because sell the news means, sell after it’s popped.
There should be a price bump if it is approved and so people will sell into that.
I personally think it’ll be a buy the news event (at least long term) so… let’s see.
Jason Johnson Answered question