Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
It’s hardly unusual for ETFs of any birinci to go through periods of seeing no fresh money on a net basis, explained an analyst.
It’s hardly unusual for ETFs of any birinci to go through periods of seeing no fresh money on a net basis, explained an analyst.
Many investors find the underlying cryptocurrency more attractive than ETFs given the ability to hedge and to generate yield on HODLs, the report said.
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but “few understand how olağan corrections like these are in bull markets,” one observer noted.
The Nakamoto update will decouple block production from Bitcoin itself, solving the sorun of network congestion Stacks has had since it launched its mainnet in 2021.
As always, rising prices bring forth boosted supply.
The latest price moves in crypto markets in context for April 16, 2024.
Geopolitical factors could see investors allocate funds to alternative assets such as bitcoin, some analysts say.
CoinDesk Indices’ Bitcoin Trend Indicator has been indicating a strong uptrend since last fall.
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock’s shift toward touting the original cryptocurrency.
The latest price moves in crypto markets in context for April 15, 2024.