Bitcoin (BTC), the world’s largest cryptocurrency had a very rough 2022 as its price dropped by a massive 75% from its all time high (ATH). However, reports are picturing a positive graph for the Bitcoin price as BTC future ETFs are regaining attraction.
According to a report by the Financial Times, 2022 saw investors getting into BTC futures ETFs despite a major drop in Bitcoin price. It mentioned that investors added around $241 million of funds into 6 US bitcoin future ETFs in 2022.
However, the majority of the funds (approx $198 million) came in after June. This was marked as the beginning of the crypto “deep freeze” by Bitpay, a Bitcoin payment service provider.
The post Will Bitcoin Price Pumps Ahead As BTC future ETFs Regain Attraction appeared first on CoinGape.
