Blockstream CEO Adam Back Issues Bullish Bitcoin ETF Statement

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Furthermore, Back highlighted an influx of capital into Bitcoin ETFs, with buy barriers ranging from $500 million to $1 billion daily. Notably, this flood of institutional capital could be a major trigger for Bitcoin's price increase. Meanwhile, Back had earlier stated in an earlier - then we feel $500-$1bil/day ETF buy walls.Back also pointed out that as institutional demand for Bitcoin rises, OTC flows to spot markets are projected to rise, boosting inflows into Bitcoin ETFs.

Back went on to state that ETF sales channels are still in their early stages of growth, with many yet to be fully created or equipped with the requisite training and approvals. As these channels mature and become more accessible to investors, the potential for Bitcoin ETF adoption is expected to increase.In light of these developments, Back sent a direct message to people considering selling Bitcoin or restricting their exposure to the cryptocurrency.

Back proposed that instead of keeping sell limit orders on exchanges, individuals should consider removing their holdings entirely and storing them securely in cold storage solutions. While Adam Back has expressed a bullish stance on the Bitcoin ETF, Jan3’s CEO recently Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Price at $100K Is a Matter of When Not If, Says Adam BackCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

'Rich Dad Poor Dad' Author Reveals His Possible Actions Should Bitcoin CrashVocal Bitcoin advocate Kiyosaki reveals his favorite thing about Bitcoin should it crash
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin (BTC) Hits $81,000 in Energy Value, What It MeansBitcoin's energy value index puts Bitcoin's fair value at $81,000
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Spot ETFs Near $60 Billion in Net Assets Amid Heavy TradingSurge of inflows into Bitcoin spot ETFs showcases massive institutional interest in Bitcoin
Source: Utoday_en - 🏆 295. / 63 Read more »

Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Source: Utoday_en - 🏆 295. / 63 Read more »

'Rich Dad Poor Dad' Author Comments on Massive Bitcoin SurgeAcclaimed investor and Bitcoin supporter Kiyosaki issues bullish Bitcoin-vs.-US dollar statement
Source: Utoday_en - 🏆 295. / 63 Read more »