BTC Spot ETF Demand Lull: Geopolitics, Not Halving, to Blame

IconCrypto News Terminal22 Apr, 2024

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BTC Spot ETF Demand Lull: Geopolitics, Not Halving, to Blame

Bitfinex's head of derivatives, Jag Kooner, believes the recent decline in demand for Bitcoin (BTC) spot exchange-traded funds (ETFs) stems from geopolitical tensions and declining US equities, rather than the halving effect. According to Kooner, BTC ETFs are popular investments for large financial institutions, and the recent slowdown in inflows is likely due to portfolio rebalancing and reduced exposure to risky assets. Previously, on April 22, 2024, Kooner expressed similar sentiments, highlighting the impact of geopolitical tensions and US equity performance on BTC ETF demand.