en.bitcoinsistemi.com
In a recent episode of 'Closing Bell Overtime', Dana D'Aurio, Co-CIO of Envestnet, and Tracie McMillion, Head of Global Asset Allocation Strategy at Wells Fargo, examined the current market dynamics by spotlighting the impact of Bitcoin ETFs on $BTC.
The discussion turned to the extraordinary performance of various asset classes, especially gold and Bitcoin, reaching record highs.
D'Aurio specifically attributed this rise in Bitcoin to the approval of spot $BTC ETFs by the SEC. Calling this a game-changing step, D'Aurio predicts increased interest from retail investors looking to access Bitcoin through accessible ETFs backed by major asset markets:
“As someone who invests on a platform with a large number of retail investors, I have to point to the emergence of ETFs. The SEC's decision to implement spot Bitcoin ETFs will have a huge impact. And you will continue to see a tsunami of interest because there is now a liquid, easily accessible way to earn $BTC returns. And it's backed by major asset markets. “I think this is a good thing.”
*This is not investment advice.