Bitcoin ETFs bring in a new investor who bucks the 'HODL' culture and rebalances as bitcoin soars
Publishing timestamp: 2024-06-08 08:49:41
Summary
The culture of "HODLing" in the cryptocurrency world may diminish as more traditional investors add bitcoin exposure through ETFs and embrace rebalancing. Rebalancing could help dampen bitcoin's volatility and increase returns, attracting more institutional capital. SEC's embrace of ether ETFs also signals shifting political fortunes for cryptocurrencies.
Sentiment: NEUTRAL
Tickers: BTC.CM=,
Keywords: business news, bitwise bitcoin etf, bitcoin/usd coin metrics, cryptocurrency, technology,