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As BTC ETFs wrap up their inaugural month with a bullish performance, there is increasing curiosity over whether the market enthusiasm is justified.

CoinGeek LogoCoinGeek1w ago

 As BTC ETFs wrap up their inaugural month with a bullish performance, there is increasing curiosity over whether the market enthusiasm is justified. - CoinGeek

Quick Summary:

The post BTC ETFs finish first month on a high, but is the euphoria warranted? appeared first on CoinGeek.

Earlier this month, Bloomberg reported that many traditional financial platforms weren’t rushing in to BTC ETFs because new products require due diligence before they can be pitched to the public as sound investments.

But GBTC says this time is “actually different” because, uh, well, they really need it to be.permission to unload around $1.4 billion worth of its GBTC shares (plus another $200 million worth of Grayscale’s Ethereum-based trust).


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 As BTC ETFs wrap up their inaugural month with a bullish performance, there is increasing curiosity over whether the market enthusiasm is justified. - CoinGeek (Picture 1)

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-12 @ 12:00:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1226 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 20045277

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About CoinGeek

CoinGeek Logo

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 3 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 19 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

Publisher Details

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The story " As BTC ETFs wrap up their inaugural month with a bullish performance, there is increasing curiosity over whether the market enthusiasm is justified." has 1226 words across 51 sentences, which will take approximately 6 - 11 minutes for the average person to read.

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The story " As BTC ETFs wrap up their inaugural month with a bullish performance, there is increasing curiosity over whether the market enthusiasm is justified." was covered 1 weeks ago by CoinGeek, a news publisher based in Canada.

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CoinGeek is a fully independent (privately-owned) news outlet established in 2012 that covers mostly crypto news.

The outlet is headquartered in Canada and publishes an average of 3 news stories per day.

It's most recent story was published 19 hours ago.

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  • URL: https://beamstart.com/news/btc-etfs-finish-first-month-17077407732122

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