Spot Bitcoin ETFs could add value to shares of Bitcoin mining companies, according to Cantor Fitzgerald analysts.
According to the report shared by Cantor, spot Bitcoin ETFs How high can it go in the long run? can have a significant impact.
Analysts, “Bitcoin’s halving event, which will repeat in April 2024 and create a supply shock, a few months ago This approval made a big impact in the market. will create a demand shock “We believe.” said.
Investing in shares of Bitcoin mining companies is not for long-term investors. “an attractive investment opportunity” It is thought that it might happen. Spot Bitcoin ETFs, according to analysts “It could have a significant positive impact on the valuations of Bitcoin miners.”
Investment bank HC Wainwright & Co. Analysts say the approval of ETFs “A historic moment for Bitcoin and miners” he thinks it is.