blackrock is definitely in moves to strengthen its position of the ETF market, part of it was to solidify its relationship with coinbase, getting coinbase to be more transparent and accountable in regards to the custody of the etf coins.
i beleive coinbase has met blackrocks standards and gained better relations in recent days, so that blackrock can now move forward and increase its holdings to offer out to the secondary market of blackrock etf shares
this means blackrock gets to sell more shares and use those initial share sales income to buy more coin, rinse and repeat
they want to do some serious deals while prices are near value before the 2025 ATH pump. so we will see some price movements but its still not quite time to see a 2024-2028 ATH peak this year, we will still see the ultimate ATH in 2025
Topic: SPOT bitcoin ETFs popularity : Will it result in ATH before end of 2024 ? (Read 16 times)
Today at 11:56:08 AM
It would have been better if it was generalized and not only referring to United States spot bitcoin ETF to be the reason for the coming all-time high. This is an appropriate time for bull run and not just about ETF. I also think positive news contributed in this also. All I noticed was the positive news everywhere about bitcoin price will be increase speculations everywhere.
Today at 11:22:12 AM
As per the news
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
Jump to: