ETH ETF Approval Reaction

What happened

On January 11, 2024 at 4:00pm ET, the SEC approved 11 spot Bitcoin ETFs.

ETH spiked ~12% within four hours on the implied read-through, then faded

back as first-day inflow figures underwhelmed and traders took profit.

What this tests

• Reading bullish news and adding risk
• Sizing into a momentum trade without becoming maximum-long at the top
• Holding through the fade vs. taking partial profit before the inflow news