Weller stated that spot ETFs, in contrast to futures-based merchandise, might “essentially alter the provision and demand image” for bitcoin, making it out there for a brand new set of traders. That is particularly so now that bitcoin has regained its “uncorrelated asset” lure by decoupling from equities and rallying as U.S. shares have entered correction territory, he added.
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Bitcoin (BTC) $ 37,743.00 1.1%
Ethereum (ETH) $ 2,026.98 0.03%
Tether (USDT) $ 1.00 0.2%
BNB (BNB) $ 227.35 0.81%
XRP (XRP) $ 0.606828 0.05%
Solana (SOL) $ 59.82 7.46%
USDC (USDC) $ 1.00 0.17%
Lido Staked Ether (STETH) $ 2,026.54 0.12%
Cardano (ADA) $ 0.379463 0.12%
Dogecoin (DOGE) $ 0.080653 1.67%
