Bitcoin's price dropped significantly after the launch of 11 Bitcoin ETFs in the U.S.

Despite the price drop, experts remain optimistic about Bitcoin's long-term prospects.

Spot Bitcoin ETFs have accumulated billions in assets, surpassing outflows from the Grayscale Bitcoin Trust.

Blockchain expert Samson Mow predicts Bitcoin will reach $1 million due to ETF approval and increasing Bitcoin investment demand.

US spot Bitcoin ETFs have attracted nearly $4 billion in assets and had a successful first trading week.

The launch of new spot Bitcoin ETFs has caused a decline in Bitcoin's price, potentially risking the $40,000 support level.

Analysts remain optimistic about a potential price rally due to the ETF approval and the upcoming halving event.

Grayscale Investments' CEO defended the firm's higher fee for its Bitcoin Trust ETF.

Despite the recent price dip, patient investors see opportunities to accumulate Bitcoin at lower prices.