#ETF  bitcoin spot ETFs save the cryptocurrency from a sharp fall due to the liquidation of more than 700 million dollars in the main exchanges, this led to a fall in the price that placed it at $67,000.

However, these liquidations coincided with an important contribution in BlackRock's Bitcoin ETF funds, this contribution minimized the fall in bitcoin prices that could have taken it to approximately $60,000.

If we take into account that historically, Bitcoin has made pre-Halving pullbacks days before the Halving, which makes us think that the inflows from the US Bitcoin exchange traded funds (ETFs) are driving the market in a way that had not happened in previous cycles.

And they are acting if one can say as a stabilizing agent for the cryptocurrency. And they will most certainly keep the price of cryptocurrencies attractive,

The players who were speculating on the price of Bitcoin and manipulating the market will no longer be able to do so.

 

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