Now it can be bought on regular stock exchanges $BTC , and these transactions are carried out by investors buying units of the fund, which invests in #btc . As for the price, it doesn't make a big difference. That fund, of course, follows the movement of the price. If the price of #btc rises, so does the price of those fund units that are part of it.
In January, the US Securities and Exchange Commission gave the green light for ETF approval. This was the main driver of the growth of the value of cryptocurrencies. The inflow of capital through these funds is measured in billions of dollars, which had a dominant effect on the price.
The financial injection for the growth of #btc was given by billionaire Peter Thiel, who invested a whopping 200 million dollars. He is also the co-founder of the Paypal company.
Mocrostrategy invested 615 million at the end of December 2023, now it has invested another 155 million. It is a software company.
The value of cryptocurrencies was also affected by China's relaxed monetary policy. Cryptocurrencies are still banned in China, but thanks to the new relaxations, the purchase of shares and#btchas increased.
