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šBlackrock have stated there is no demand for another #ETF. But this is what they donāt want you to know š¤Æ
šBlackRock have a history of fudding the market, just before making large purchases. And again they have provided a negative statement towards the upcoming Ethereum ETF. Below is some history on the BTC ETF, and how the $ETH ETF is going to follow: šš»
šThe introduction of Bitcoin ETFs has had a significant impact on the market.The first #Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), was launched in October 2021, and since then, several other Bitcoin ETFs have been approved by regulatory authorities, each time triggering a large rally. šš
šThese ETFs have made it easier for institutional investors and retail traders to gain exposure to Bitcoin without directly holding the cryptocurrency. This increased accessibility has led to an influx of capital into the crypto market, driving up demand for Bitcoin and other cryptocurrencies.š š§©
šThe approval of Bitcoin ETFs has also contributed to increased market liquidity and reduced volatility. As more institutional investors enter the market, the trading volume of Bitcoin and other cryptocurrencies has increased, making it easier for traders to buy and sell assets at fair market prices.š š§©
šMoreover, the introduction of Bitcoin ETFs has helped to legitimize the cryptocurrency market in the eyes of traditional investors. This has led to increased mainstream acceptance of cryptocurrencies and has encouraged more investors to consider adding them to their portfolios.š š§©
šBased on this historical data, it is highly likely that the Ethereum ETF will trigger another bull run.š§©š
