Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord S | 🔸️Crypto 🔹️Nfts 🔸️Metaverse
Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says
While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies.
