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Bitcoin Price: Why It’s Not Going Up Despite ETFs
Introduction Despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity, the Bitcoin price has fallen by 13%. Fred Krueger, the former founder and chairman of Traffic Marketplace, offers insights into this seemingly paradoxical situation. Arbitrage Traders’ Strategy In late June 2023, arbitrage traders anticipated the ETF…