ETFs Drive Bitcoin Surge but Political and Technical Factors Also Key

ETFs Drive Bitcoin Surge but Political and Technical Factors Also Key

Ryan Lee, chief analyst at Bitget Research, highlights that while Bitcoin exchange-traded funds (ETFs) significantly influence Bitcoin’s recent price run, a range of political, technical, and economic factors are also fueling the cryptocurrency’s momentum. Since the launch of spot Bitcoin ETFs in the U.S. in early 2024, these products have attracted over $24 billion in net inflows, including $5.4 billion in October alone. However, Lee undersc...

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