BitcoinBTCThe ‘experience’ of a swollen tummy will be gone. “parabolic” Price rallies are a good way to get a bargain. “devastating” Blockware BTC Analyst Mitchell Askew says that BTC ETFs have reduced volatility permanently and changed market dynamics.
“BTC/USD looks like two entirely different assets before and after the ETF,” The analyst wrote On Friday. His chart showed that the price volatility had dropped sharply following the 2024 elections. launch of the Bitcoin ETF The United States. Analyst said:
“The days of parabolic bull markets and devastating bear markets are over. BTC is going to $1million over the next 10 years through a consistent oscillation between ‘pump’ and ‘consolidate.’ It will bore everyone to death along the way and shake the tourists out of their positions.”
Eric Balchunas is a senior Bloomberg ETF analyst wrote Bitcoin has benefited from the lower volatility. “attract even bigger fish and gives it a fighting chance to be adopted as currency.” This means that the trade-off is likely to be a lack of future “God Candles,” Analyst added
You can also find out more about the following: effects of the Bitcoin ETF Market analysts continue to debate the market dynamics as this investment vehicle continues to intertwine traditional finance, institutions investors and digital assets markets.
Related: Robert Kiyosaki warns of the risk posed by BTC, gold, and silver ETFs
Bitcoin ETFs affecting crypto markets dynamics
Bitcoin ETFs are a way to invest in traditional investments vehicles. lack in-kind redemption Keep your funds out of the chain.
It is possible to stow away capital in this way. prevent the rotation into altcoinsCrypto investors are familiar with previous market cycles and have become accustomed to them.
Bitcoin ETFs saw net inflows of $1.7 billion during July crossed the $50 billion markThough the surge in Bitcoin capital hasn’t translated into increased activity on the blockchain,
Retail investors include individuals, small businesses and institutions. shifting into Bitcoin ETFs According to analysts, it is better for investors to gain exposure via traditional financial instruments that are held by their fund manager or other financial fiduciaries on their behalf than hold BTC themselves.
Asset manager BlockRock has been compelled to increase its Bitcoin ETF and paper BTC offerings due to the demand. accumulate 3% of Bitcoin’s total supplyThis raises concerns regarding centralization of some market players.
Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why
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Source: cointelegraph.com
