The push to use for a spot (BTC) exchange-traded fund (ETF) rejuvenate the bulls, however this information ought to solely push the value as much as a sure distance. As the value rises, the possibilities of a crash improve if not one of the ETF functions are accepted. The business firm QCP Capital, for instance, is not satisfied {that a} money ETF will quickly see the sunshine of day.
One other view got here from Gemini co-founder Cameron Winklevoss, who stated on June 21 that “floodgates” to build up bitcoin “shortly shut”. Equally, MicroStrategy Govt Chairman Michael Saylor stated the chance to “kick-start institutional demand for Bitcoin” is ending.
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