Crypto News

Impact of ETFs on Bitcoin's Price ETFs have long been considered as an important factor in the traditional financial market, with their movements being closely monitored by investors and analysts. In the world of cryptocurrencies, ETFs have gained significant attention as they could potentially bring in institutional investors and increase mainstream adoption of Bitcoin. As a result, the correlation between Bitcoin's price and ETF movements has been closely watched by the crypto community. Change in Correlation Traditionally, the correlation between Bitcoin and ETFs has been relatively high, with both markets moving in tandem. However, recent data suggests that this trend is changing. According to a report by Bloomberg, the correlation between Bitcoin and ETFs has dropped to its lowest level in over a year. This indicates that Bitcoin's price is becoming less influenced by ETF movements, and other factors are playing a bigger role in determining its price. Factors Af...