Why did Bitcoin drop after ETF approval?

Bitcoin's recent dip post-SEC approval of 11 new Bitcoin ETFs is a classic "buy the rumor, sell the news" scenario. Initially, BTC soared above $48,000 on the first trading day, only to drop below $40,000 in the following weeks. The excitement surrounding major firms like BlackRock entering the Bitcoin space moved the prices up up up, but as the news settled, well, profit-taking happened.
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