Earlier this week, exchange-traded funds (ETFs) saw their highest buying activity since early June, when the original cryptocurrency traded above $73,000.
In an interview with Investing.com, Bit Digital CEO Sam Tabar shared his insights about the positive reception of the 10 recently approved spot Bitcoin ETFs. He also discussed the upcoming U.S. election, Bitcoin price forecast, and much more.
ETFs progress noted
The chief of sustainability-focused bitcoin mining firm (BTBT) said he was “generally pleased” that these ETFs have enabled a new subset of individuals and entities to gain exposure to the underlying assets.
“They’ve been some of the most successful ETF launches in history and have accounted for the majority of new ETF flows in 2024,” said Tabar.
“It shows that there was a huge appetite for digital asset exposure for entities that were previously…
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