Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin Spot ETF Investors Attracted $887 Million
by
Doan9269
on 08/06/2024, 15:06:07 UTC
BTC has been on the hot seat lately, and today it's pushing ETFs to the top of the heap.
According to news reports

But where is the link to the source on this, there are times you will just have to include a reference link to buttress your facts about an area of discussion a d for others coming across it to read more better on other aspects not captured from your own summary, I know personally that bitcoin has helped with the accomplishment of many goals under the organizations applying for spot bitcoin ETF and this has severally been discussed as well on other threads coming up before this one.

ETF investing has taken in more than $800 million in capital, which is a macro figure Why is it that ETFs are the only ones in the cryptocurrency ecosystem that have made an epic rise to prominence?

ETF is not something to be considered as part of cryptocurrency, because it deals mostly with the centralized institutions and their financial market value or bonds, but they have seen the impact of how they could also tap from been a beneficiary of bitcoin market price for their stocks, and this made them to gain more attention because they now got approved for bitcoin spot ETF, while they are not direct investors of bitcoin.