🟠 Thanks to Vanguard, Bitcoin has returned to rise.
📈 Today, the rise of Bitcoin was referred to as the "Vanguard effect" by senior ETF analyst Eric Balchunas.
"Bitcoin rose by 6% right at the opening of trading in the US on the first day after the ban on bitcoin-ETF was lifted. Coincidence? I don't think so," wrote Balchunas on his page on X.
🔼 The analyst also noted that the trading volume of the IBIT ETF amounted to $1 billion in the first 30 minutes of trading and referred to the "avant-gardists" as "a bit degenerate," emphasizing that "some of the most conservative investors like to add a little hot sauce to their portfolio." $BTC $USDC
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🟠 Thanks to Vanguard, Bitcoin has returned to rise.
📈 Today, the rise of Bitcoin was referred to as the "Vanguard effect" by senior ETF analyst Eric Balchunas.
"Bitcoin rose by 6% right at the opening of trading in the US on the first day after the ban on bitcoin-ETF was lifted. Coincidence? I don't think so," wrote Balchunas on his page on X.
🔼 The analyst also noted that the trading volume of the IBIT ETF amounted to $1 billion in the first 30 minutes of trading and referred to the "avant-gardists" as "a bit degenerate," emphasizing that "some of the most conservative investors like to add a little hot sauce to their portfolio."
$BTC $USDC