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BTCUSD continues to trade at $33,822, staying near its 18-month high on Tuesday.
The world's largest cryptocurrency has surged this week, rising 10% on Monday, driven by increasing speculation that a bitcoin exchange-traded fund (ETF) is soon to be launched.
"The development of the ETF market always means a developing market in the context of cryptocurrencies."
"If Bitcoin is bought by ETF funds, the price will increase... It is very likely that the launch of one or more physically-backed ETFs could lead to the next big price surge across the entire cryptocurrency ecosystem."
BTCUSD continues to trade at $33,822, staying near its 18-month high on Tuesday.
The world's largest cryptocurrency has surged this week, rising 10% on Monday, driven by increasing speculation that a bitcoin exchange-traded fund (ETF) is soon to be launched.
"The development of the ETF market always means a developing market in the context of cryptocurrencies."
"If Bitcoin is bought by ETF funds, the price will increase... It is very likely that the launch of one or more physically-backed ETFs could lead to the next big price surge across the entire cryptocurrency ecosystem."
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