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Event ends: August 9, 16:00 UTC
More details: https://www
Analysis: Each time the ETF increases its holdings by 10,000 BTC, it can push the average price up by 1.8%. In October, it may rise to $150,000.
A research company released a report indicating that as large amounts of investor funds flow into Bitcoin exchange-traded funds, the rise in Bitcoin prices seems inevitable. Data shows that for every additional 10,000 BTC held in ETFs, the price of Bitcoin can be expected to rise by an average of 1.8%.