In the report presented by the cryptocurrency exchange BitMEX, the short and long-term impact of spot Bitcoin exchange traded funds (ETF) was touched upon.
BitMEX Research said in a report published on Tuesday, March 12, large amounts of money flowing into spot Bitcoin ETFs. and touched upon its possible effects. According to the report, following the approval in January, entry into spot Bitcoin ETFs has recently started. exceeded $10 billion for the first time.
These entries are expected to push the market up for now. fuel function report stating that he saw From a medium term perspective the same inputs can turn into outputs and may create sales pressure It was predicted.
US Securities and Exchange Commission (SEC) January 10 It had approved 11 different spot Bitcoin ETF applications. ETF issuers, which have come to the fore with serious purchases since then, have accelerated the upward momentum of the market.