Will the bitcoin price increase if the ETF passes?

3 answers

• Dec 19, 2021 · 3 years ago
  If the ETF is approved, it could potentially lead to a surge in the price of bitcoin. The approval of an ETF would make it easier for institutional investors to invest in bitcoin, which could result in increased demand and subsequently drive up the price. Additionally, the approval of the ETF would also bring more legitimacy and mainstream acceptance to bitcoin, which could further boost its value.
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• Dec 19, 2021 · 3 years ago
  It's hard to say for sure whether the approval of the ETF will directly cause the price of bitcoin to increase. While it could generate more interest and attention from investors, there are also other factors at play that can influence the price of bitcoin, such as market sentiment, regulatory developments, and macroeconomic factors. So, while the approval of the ETF could have a positive impact on the price, it's important to consider the broader market conditions as well.
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• Dec 19, 2021 · 3 years ago
  According to BYDFi, a leading digital asset exchange, the approval of the ETF is expected to have a positive effect on the price of bitcoin. The increased accessibility and exposure that an ETF provides could attract more investors, including institutional players, which could drive up demand and ultimately lead to a price increase. However, it's important to note that market dynamics are complex and can be influenced by various factors, so the impact of the ETF approval on the price of bitcoin may not be immediate or guaranteed.
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