ETF Analyst Weighs in on BlackRock's Spot Bitcoin ETF Cryptocurrency markets have been in a frenzy lately, with Bitcoin reaching new heights and other altcoins following suit. This has caused a surge in trading volume, especially for BlackRock's spot Bitcoin ETF. According to ETF analyst Eric Balchunas, this is a clear indication that investors are panic-buying Bitcoin as it approaches its all-time high. Bitcoin's Unprecedented Rise The world's most popular cryptocurrency has been on a rollercoaster ride lately, with its value skyrocketing to new heights. In fact, Bitcoin recently hit $60,000 per coin, its highest price ever. This has caused a frenzy among investors, who are rushing to buy Bitcoin before it potentially reaches an even higher price point. BlackRock's Spot Bitcoin ETF One of the main ways investors have been gaining exposure to Bitcoin is through BlackRock's spot Bitcoin ETF. This ETF, which launched in January, allows investors to directly...
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