For the last few months, the attention within the crypto space, especially from a high level has been around Bitcoin and the most anticipated event in recent times, the Bitcoin ETF.
For anyone who hasn’t been following crypto much in recent times, firstly, you really should. Secondly, Bitcoin ETF regulated products have been approved from a variety of providers which now paves the way for potentially massive inflows from investors, institutions, pension funds, the list goes on and on.
I’m sure some of you will recognise the big name here.
That of course in my opinion was the major driver for Bitcoins price action going from the mid $20ks all the way to almost $50k in recent days.
Now that this catalyst is over, people are still speculating whether this a ‘sell the news’ or a ‘buy the news’ event. From the recent top, we’re down approximately 15% so it’s looking like a sell the news event in current form, but you can’t argue that the ETF itself will likely continue to increase capital inflows into Bitcoin over the next 12 months and beyond.
Wen ETH spot ETF? You’re going to want to read this 👇
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