On the contrary, market participants believe that Bitcoin ETFs may not make sense for retail investors. Such instruments are usually opted by institutions for passive exposure.
Bitcoin ETFs will allow the investors to gain exposure in the digital asset class without getting into the complications and risks of directly purchasing Bitcoin.
Bitcoin continued to remain firm as it surged more than 3 per cent and managed to race-past above 35,500-levels, while Ethereum, was also 3 per cent up but remained below $1,900-level.
Bitcoin continued to remain firm as it gained about a per cent to hover strongly above 34,000-levels, while Ethereum was also seen half a per cent each but remained below $1,800-level.
Bitcoin saw some profit booking as it declined over a per cent but managed to hold about 34,000-levels, whileEthereum, was also seen in red, marginally lower, and remained below $1,800-level.