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At the Current Pace, Spot Bitcoin ETFs Are on Course To Buy Up Almost 2 Million BTC This Year!

NewsTech

Published:

Reading time: 1 min.

Spot Bitcoin ETFs Bitcoin

A lot has been written on the impact that the launch of spot Bitcoin ETFs in the US will unleash on the world's preeminent cryptocurrency. Some think that these investment vehicles will make Bitcoin more volatile, dancing to the ever-changing tune of the market. Others believe that these spot ETFs will play an important role in soaking up the available BTC supply, ushering in a fundamental repricing of the world's largest cryptocurrency by market capitalization. Based on the initial trends, the latter hypothesis appears closer to reality. As we noted in a dedicated post at the time, Bitcoin responded spectacularly […]

Read full article at https://wccftech.com/at-the-current-pace-spot-bitcoin-etfs-are-on-course-to-buy-up-almost-2-million-btc-this-year/

WccftechContinue reading/original-link]

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