Expert: Launch of Bitcoin Spot ETF Accelerates Bitcoin Rise

Bitcoin's price has risen about 50 percent since the ETF went live in January, and Seth Ginns, managing partner and head of liquidity at CoinFund, says that no, "new all-time highs would have been possible without the ETFs, but we're probably going to accelerate the cycle with ETF flows. Jim Iuorio, managing director and senior futures and options trader at TJM Institutional Services, says, "I definitely think the launch of the ETFs was a big driver, and we wouldn't have made the all-time highs we did without them." Iuorio believes the recent rally is not only ETF-driven, but equally rooted in the current political landscape, including expectations that the Federal Reserve will lower its benchmark interest rate in the coming months as well as plans to finance the end of the bank's tenure - an emergency platform created by the Federal Reserve in 2023 to curb what could turn into a banking crisis. Situation.