Bitcoin ETF

Bitcoin

Spot

The increase in assets under management for Bitcoin (BTC) exchange-traded funds (ETFs) is not only significant in itself, but also creates significant additional demand for the underlying cryptocurrency, Canaccord Genuity, a leading brokerage firm, said in a research report. revealed. 
<h2 id="bitcoin-etfs-lead-to-increase-in-spot-demand-canaccord-reports">Bitcoin ETFs Lead to Increase in Spot Demand, Canaccord Reports</h2> 
During the 2024 Digital Assets Symposium held last Thursday, Canaccord hosted leaders from 29 crypto-related companies to learn about current market dynamics. 
According to analysts led by Joseph Vafi, it has become increasingly obvious that ETFs not only attract investment but also increase demand for spot BTC. 
The report only included comments from Swan Bitcoin, a Bitcoin investment advisor, showing a significant increase in demand for spot BTC. 
This increase is attributed to ETFs driving the BTC demand curve while the supply curve struggles to respond adequately. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-listed-6-new-altcoin-parities-one-of-which-is-try-parity/" target="_blank" rel="dofollow">Bitcoin Exchange Binance Listed 6 New Altcoin Parities, One of which is TRY Parity!</a> 
Canaccord emphasized that many investors, both individual and institutional, prefer BTC spot over ETFs due to the potential to hedge risk and generate returns on assets as the asset class matures. 
Going forward, Canaccord expects spot Bitcoin ETFs to be added to various registered investment advisor (RIA) platforms and major broker/dealer brokerages. 
This expanded distribution is expected to prompt investment advisors to form opinions on Bitcoin, even if they had previously ignored the cryptocurrency. 
The report also stated that sovereign wealth funds and other institutional investors may already have investments in Bitcoin and that announcements from these institutions are expected in the coming months. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/asset-management-company-canaccord-genuity-releases-bitcoin-etf-report-here-are-the-remarkable-details/">Asset Management Company Canaccord Genuity Releases Bitcoin ETF Report! Here are the Remarkable Details!</a>

Asset Management Company Canaccord Genuity Releases Bitcoin ETF Report! Here are the Remarkable Details!

Inhaltsverzeichnis

Bitcoin Sistemi EN

Weitere Artikel, die am 16. Apr. 2024 veröffentlicht wurden

Saga Launches Power-Level Over 9000 Airdrop Program

stc Bahrain and Aleph Zero Partner to Advance Blockchain DePIN Across the Gulf Region

Crypto Market Cap Recovers as Geopolitical Conflict Cools Down, XRP Investors Take Cover in Emerg...

Microsoft to Invest $1.5 Billion in UAE’s Top AI Firm G42

Key Levels to Watch in Bitcoin Cash Price Movements

Bank of America Q1 2024 Earnings: Plunging Profits Can Affect Crypto

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!