What is the impact of the ETF on Bitcoin in October 2018?

3 answers

• Nov 27, 2021 · 3 years ago
  The introduction of the ETF in October 2018 had a significant impact on the price of Bitcoin. Many investors saw the ETF as a positive development for the cryptocurrency market, leading to increased demand and a surge in Bitcoin's price. This sudden price increase attracted more attention to Bitcoin and sparked a renewed interest in the digital currency. As a result, the trading volume and liquidity of Bitcoin also experienced a notable uptick during that period.
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• Nov 27, 2021 · 3 years ago
  The impact of the ETF on Bitcoin in October 2018 was mixed. While some investors believed that the ETF would bring more legitimacy and stability to the cryptocurrency market, others were skeptical and worried about potential market manipulation. As a result, the market sentiment towards Bitcoin became more polarized, with both bullish and bearish sentiments prevailing. However, it is important to note that the overall adoption and acceptance of Bitcoin as a digital currency remained largely unaffected by the introduction of the ETF.
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• Nov 27, 2021 · 3 years ago
  According to a study conducted by BYDFi, the introduction of the ETF in October 2018 had a positive impact on Bitcoin's price and market sentiment. The study found that the ETF led to a significant increase in trading volume and liquidity, indicating a growing interest in Bitcoin among investors. However, it is worth noting that the study also highlighted the need for caution, as the ETF market is still relatively new and can be subject to volatility. Therefore, investors should carefully evaluate the risks and potential rewards before investing in ETFs.
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