Expert: Spot Bitcoin ETF Launch Accelerates Bitcoin to Record Highs

The launch of the Spot Bitcoin ETF has accelerated Bitcoin to new all-time highs, experts say.Seth Ginns, Managing Partner and Head of Liquidity Investments at CoinFund, said, "New all-time highs would have been possible without ETFs, but we've accelerated the cycle with ETF flows." Jim Iuorio, Managing Director and Senior Futures and Options Trader at TJM Institutional Services, said, "I definitely think the launch of the ETFs has been a major driver, and we wouldn't be at new all-time highs without it." Nate Geraci, President of The ETF Store, said, "While there may be a variety of factors driving the price of bitcoin higher right now, there is no doubt that ETFs are playing a starring role."