📊 Crypto Spot ETFs Will Have More Influence on Market's Price Action: Canaccord

The approval of bitcoin ($BTC ) and ether ($ETH ) spot exchange-traded funds (#ETFs ) is encouraging and while digital assets underperformed traditional assets in the second quarter, potential #ETF inflows could reverse the recent trend, broker Canaccord Genuity said in a quarterly report on Sunday. Spot #ETFs are expected to become a more meaningful part of crypto’s price action, analysts led by Michael Graham wrote.

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