Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

🟠 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
BTC0.6%
USDC-0.02%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)