Summary
ETFs are driving the price of bitcoin up by making it easier for retail investors, advisors, and institutional investors to buy into the cryptocurrency without the hassle of dealing with crypto exchanges.
Key Points
1. ETFs are playing a significant role in driving the price of bitcoin.
2. The convenience of the ETF wrapper has attracted new sources of demand from retail investors, advisors, and institutional investors.
3. ETFs provide an easier way for investors to access bitcoin without having to buy directly from crypto exchanges.