People are excited about the ETFs, I get it. It leads to more capital going into crypto.
But it doesnt mean that new investors who "buy crypto" via ETFs cannot dump or trade it.
Of course in the midterm, it leads to crypto price to rise, because now institutional investors and traditional investors may officially "buy crypto", but they can sell it aswell.
So many people are now throwing numbers like 150k or 200k ATH, or 100k eoy 2024. If ETF investors also catch these numbers, what would stop them from selling before these numbers hit?
Will crypto lose its volatility or does nothing actually get changed by the ETFs. The only thing with stocks is that they don't work 24/7 365days like crypto, but still, those ETFs can be bought or sold.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments