“While there are likely multiple factors driving the price of bitcoin right now, there is no question ETFs are playing a starring role,” said Nate Geraci, president of the ETF Store. “The convenience of the ETF wrapper has unlocked a significant new source of demand in the form of retail investors, advisors, and institutional investors who didn’t want to hassle with buying bitcoin directly from crypto exchanges.”
Related posts
-
Bitcoin Sentiment Enters Danger Zone: Investors Now Extremely Greedy
Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to... -
Bitcoin remains ‘niche phenomenon,’ Swiss central bank says
Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies,... -
Block Inc. shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD
Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector....