Bitwise CEO Comments On BTC Selling Pressure Amid Bitcoin ETFs Milestone

Quick Summary:

Bitwise CEO Hunter Horsley has defended the Spot Bitcoin ETFs following criticism that these funds are responsible for the BTC selling pressure that has caused the flagship crypto to stay below its current all-time high (ATH).

These Bitcoin ETFs are currently enjoying massive demand having witnessed three consecutive weeks of inflow.

This would be as result of factors like the Tether investigation which could spark a widespread crypto selloff from both Bitcoin ETFs and “HODLers.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Bitcoin News Bitwise 24/7 Cryptocurrency News Bitcoin ETFs Bitcoin Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 16:30:41 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23252434

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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