CryptoEagle
Mon Jul 08 2024
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5 answers
742
Are crypto ETFs pushing the price of bitcoin higher?
Could you elaborate on the potential correlation between the emergence of cryptocurrency exchange-traded funds (ETFs) and the upward trend in Bitcoin prices? Do these ETFs represent a significant influx of institutional capital that is driving the price of Bitcoin higher? Or are there other factors at play, such as retail investor interest or broader market sentiment? How do these ETFs specifically impact the pricing dynamics of Bitcoin and other cryptocurrencies? Is there enough evidence to suggest a direct causal relationship between the two?
