Interactive Investor Investment Director: BTC is a classic case of buying on rumors and selling on facts

In recent days, the speculation surrounding the launch of Bitcoin ETFs after approval by the U.S. Securities and Exchange Commission has gradually subsided, and investors have taken this opportunity to profit from their positions. Victoria Stretler, Investment Director at Interactive Investor, wrote: "After the approval of 11 Bitcoin ETFs by the U.S. Securities and Exchange Commission, Bitcoin ETFs in the United States achieved a trading volume of $4.6 billion on their first day of trading." However, she pointed out that the reaction in cryptocurrency prices has been limited. Bitcoin investors have enjoyed a 50% surge in the past six months, which is a classic case of buying on rumors and selling on facts.