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This is one of the avenues being explored at top level in the Kremlin in order to throw off the shackles of US dollar slavery and sanctionalisation. Do some research. This ramifications of such a move would be massively more impactful than even ETFs and could even mean the US Govt having to stockpile BTC for protection against the eventuality.
Fact: By far the vast majority of day traders fail. It's a churn game. They come in green believing all the Bull from mainly lying tubers, many of whom who have similarly been wrecked and then cottoned onto making money by telling others how easy it is and how much they made (actually lost). And so it goes on. A constant supply of mugs ready to give it go. They mostly lie through their teeth about how well they are doing when in actuality, they're sobbing themselves to sleep at night. Of course, a few strike it lucky or manage to just about earn a crust but the only day traders who really win are the guys working for the guys who run the show. Anyone who knows anything about this game knows that day trading isn't anything like it's cracked up to be. Period.
Kebab shop mentality.
Remember when it shot up from circa 87 to 1.40 in space of circa a week from July 20. Remember when it did the same from 131 to 167 in a few days Sept 13? Happening again now but third time lucky as this should be a big one.
Apparently tickers already assigned which is normally an indication about to be approved. Ark ticker ARKA. Valkyrie ticker $BTF. Not a done deal but good sign that it's just around the corner and y'all know what that will mean for the BTC price. Looks like the predictions for $100-300K per BTC this year might well happen after all and with ARB being brutally undervalued presently it shouldn't take long for many thousands of beady eyes to start cottoning onto the huge rerate potential here. In my book ARB is presently undervalued to the tune of a circa a third the price of what it should be. That's a lot of free value gap that will evaporate ultra quick once the heavy buying starts soon.