Bitcoin Record High Would’ve Happened Without ETFs, Just Later, Say Experts
Bitcoin (BTC) reached a highly anticipated new all-time high above $69,000 on Tuesday only two months after the approval and launch of the ten spot bitcoin ETFs. The fast timeline has left people wondering: would the new high have happened so soon if the ETFs hadn’t launched? No, according to Seth Ginns, managing partner and head of liquid investments at CoinFund. “The new all-time high would have happened without the ETFs, but we’ve likely accelerated this cycle with the ETF flows,” he said.
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