According to QCP Capital’s analysis, the rise in Bitcoin price is entirely due to spot exchange-traded funds (ETFs).
Bitcoin 15% since the beginning of the month; It has gained 260% value since the beginning of the year, in QCP Capital’s analysis, “This move was triggered this time by the SEC’s announcement on December 1 that the deadline to respond would be January 5, 2024, indicating that a potential approval decision could be made the week after that.” It was said.
QCP Capital, with the statement made by the SEC, Asian investors, who were not as active as US investors during the last month, took action again.
According to analysis, Bitcoin $69,000, an all-time record Whether ETFs will retest their level How much money will flow in the first few weeks after setting up? It will depend on what you get.
“In an environment where costs are low, spreads are tight, margins are thin, we expect structured products to be one of the asset classes that generate the most alpha, as in similar markets such as gold.” It was written.