Bitwise is preparing to launch its Bitcoin ETF, which could have a significant impact on the crypto market. What does this mean?
An ETF (exchange-traded fund) allows you to invest in assets such as Bitcoin without having to buy the coin itself. This opens the door for large institutional players and investors who have previously stayed away due to the complexity of storing cryptocurrencies.
For retail traders, this can be both a positive and a challenge. On the one hand, increased demand through ETFs could push the price of Bitcoin up. On the other hand, volatility could increase due to the activity of large players.
So, this is a good time to monitor the market, because the launch of such products can be a game-changer. And what do you think, will the ETF push the price of BTC to new highs?
