What effect will bitcoin ETFs have on cryptocurrencies in 2024

Posted in US | Trade Tap Blog | Crypto
3 minute read
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The year got off with a bang as the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs. This article looks at what that means for cryptocurrencies and what other events could drive price action over the rest of the year.

How will bitcoin ETFs affect the crypto market in 2024?

Adoption and acceptance

Is a bitcoin ETF bullish for the price?

What happened to the price in the run up to, and after theaftermath of the spot ETF approvals?

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Source: TradingView.com, OANDA. 9th February 2024.

What should bitcoin traders focus on next?

What next?