$BTC $BTC $USDC Bitcoin (BTC) celebrated its 15th anniversary this month by entering Wall Street with an effervescent bang. Now the young asset may have to grow up quickly. Investors have embraced 11 US exchange-traded funds (ETFs) tracking the spot price of Bitcoin, which began trading on January 11 after receiving regulatory approval.
In the first two days of trading, they held a total of 644,860 bitcoins worth more than $27 billion, according to data from analytics firm Glassnode. Much of that value — more than 500,000 bitcoins — was already in the Grayscale Bitcoin Trust, which was previously a closed-end fund before being allowed to be relaunched as one of the new ETFs.
What analysts say, however, is that after the entry of Wall Street, cryptocurrencies after this Halving tend to stabilize. Economist James Coperland emphasizes that the cycle of exponential valuations of cryptocurrencies as well as vertiginous devaluations of consolidated cryptocurrencies projects will also leave to exist.
>> The time to invest in crypto assets is now!! This will be the last exponential halving in history!!<<
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