3 reasons why a Bitcoin ETF approval will be a game changer for BTC price
Cointelegraph
Published Aug 31, 2021 03:20PM ET
Updated Aug 31, 2021 05:00PM ET
Some financial experts believe that the price of cryptocurrencies is solely driven by investors' speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins.
Public pension funds, retirement plans, fixed income and most non-leverage equity and multimarket mutual funds can only invest in certain asset classes. These limits arise from the fund class regulation, the fund's own bylaws, and the administrator's risk assessment.
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Written By: Cointelegraph
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