đ„Hot news is here! In its latest research report, broker Canaccord Genuity boldly predicts that Bitcoin spot ETFs are driving additional demand for Bitcoin itself. While there has been controversy over how much assets under management (AUM) Bitcoin spot ETFs have attracted, it now appears that these ETFs are generating a substantial multiplier effect. đ
Canaccord Genuity held its 2024 Digital Assets Symposium last Thursday, inviting leaders from 29 crypto-related companies to participate. "It is becoming increasingly clear that ETFs are generating a substantial multiplier effect, driving additional demand for Bitcoin spot itself," wrote analyst Joseph Vafi in the report. đ
All this makes us even more excited about the future of Bitcoin! đ Let us pay attention to the global regulatory dynamics of blockchain, industry trends, and cryptocurrency news, and witness the brilliant future of Bitcoin together! đ
