I am writing to learn more about Bitcoin ETFs.
What impact do spot Bitcoin ETFssuch as those from BlackRock, Fidelity, and Grayscalehave on Bitcoin's price and mainstream adoption?The effect of spot bitcoin ETF has being a reflection of hat the market is today and prior this time, because it caused series of reactions in which the market responded to, one of which was what spike the l time high seen previously as we had it coming more earlier than expected, as a post halving effect on the market price, after the ETF adoption, the market went on bullrun and this catapulted for all time high then.
Then to talk about the present, we also have an increasing number of bitcoin adoption and use for national reserve because of the multi dimensional ways bitcoin has been found more applicable for the smooth running of an economy in a decentralized network.
Additionally, how are institutions accumulating Bitcoin for long-term holdings?
They have their strategies being employed individually, all that is required is for them to allocate a better entry position and invest, then have the ability of holding for a longer period of time.