Post
Topic
Board Bitcoin Discussion
Re: impact of bitcoin spot ETF approval
by
yhiaali3
on 05/11/2024, 03:32:28 UTC
Indeed, spot ETFs have long been approved in early 2024, why did I create this topic because I just reminded you that the impact of spot bitcoin ETFs still affects the current increase in market price.
As the members above mentioned the impact has already happened and is over, ETFs have been in the market for a long time and I don't expect them to have a significant impact on the price increase.

Bitcoin ETF could have a positive impact on the price by introducing more liquidity to the market by bringing more investors who don't want to hold Bitcoin themselves and prefer to buy shares in these companies that are similar to banks, but the impact of that is not immediate and it needs a long time.