🔥Big Corporates Entering in Bitcoin🔥
🤔Will Bitcoin Become more stable ?
Bitwise eased entry of Corporates in Bitcoin
by filing for a Bitcoin Corporations ETF targeting public companies with Bitcoin reserves.
The proposed ETF reflects growing demand for Bitcoin investment products, with Bitwise seeking to provide investors a more diversified entry into corporate adoption of crypto.
Companies who are elegible :
1)Holding a minimum of 1,000 $BTC in corporate treasury.
2)A market capitalization of at least $100 million.
3)Daily trading liquidity of $1 million or more.
4)Less than 10% privately held stock.
Over 30 public companies globally qualify, with leaders like MicroStrategy at the forefront.
How will this affect us traders and investors?
Price of bitcoin will become more stable, It can save us from sudden bloodbath in Crypto market.
More Holders means More stability in Price.
