Relax! Bitcoin ETF Launch is Not a Flop: Expert Advises Investors
Bitcoin ETFs surpass silver in the market, yet face mixed reactions and investor caution; experts urge patience for ETF growth.
Recently, Bitcoin ETFs outshined silver ETFs, rising to second place in the commodity ETF market. However, Jim Cramer noted that despite the hype, few investors actually bought into Bitcoin ETFs.
Ripple CEO Brad Garlinghouse disagrees with Cramer, seeing the success over silver as a sign of institutional acceptance and government recognition. But, the falling prices have made many investors less enthusiastic.
Santiment, a crypto analysis platform, suggests that fear of missing out (FOMO) might have driven Bitcoin's recent high. They believe the ETF approvals were already factored into market prices.
James Seyfartt, a Bloomberg analyst, advises investors to be patient,“For those thinking the Bitcoin ETF launches were a flop. R-E-L-A-X Give it time. Healthy ETF growth looks like this” he said.
