Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

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Source: Coindesk.com

The broker said that ETFs are driving additional demand for the underlying crypto itself. Sovereign wealth funds are already likely invested in bitcoin, Canaccord said. More companies could follow MicroStrategy’s lead and start acquiring bitcoin, the report said.

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The post "Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says" appeared first here Coindesk.com.

Source: Coindesk.com

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