Bitcoin (BTC) Price Rise Fuelled by U.S. Investors Bolstering Their Position Ahead of Potential Spot ETF Approval: Matrixport
Written by Black Hot Fire Network on October 25, 2023
The world’s largest cryptocurrency, bitcoin (BTC), has risen 25% in the last month, with most of these gains accumulating during U.S. trading hours, crypto services provider Matrixport said in a note on Wednesday.
“This is a significant development and shows that U.S. institutions and U.S. investors are embracing the news that a U.S.-listed spot bitcoin exchange-traded-fund (ETF) appears imminent,” wrote Markus Thielen, head of research at Matrixport
ETFs are traded on an exchange and track the performance of an underlying asset. They are popular investment products as . . .
