What is the impact of spy ETFs on the cryptocurrency market?

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that spy ETFs can have a positive impact on the cryptocurrency market. These ETFs provide a regulated and accessible way for institutional investors to enter the market, which can increase liquidity and stability. Additionally, the presence of spy ETFs can help to legitimize the cryptocurrency market and attract more mainstream investors. However, it is important to note that the impact of spy ETFs on the market is still relatively new and evolving, and it is important for investors to stay informed and make educated investment decisions.
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