Bitcoin Tops $36K as 'ETFs Not Yet Priced in'

"It’s not at all priced in because the people who are going to buy this ETF are not aware that it’s coming or most likely coming; the majority of advisors who are the natural audience for this ETF don’t expect it to come until 2025 or later,” Hougan said. “If the people who are going to buy this ETF don’t think it's going to be approved in the next two months, then I don’t see how it’s priced in.”