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Hope Burns Eternal for Bitcoin Rebound
These days, it’s hard being a Bitcoin bull. As of midday Tuesday, the largest cryptocurrency was off 3.52% over the prior week, a downside that included another wave of weekend liquidations of leveraged long positions across major exchanges. That is to say, investors can be forgiven for not running to embrace ETFs such as the CoinShares Bitcoin ETF (BRRR). Yes, any ETF, including BRRR, that provides spot Bitcoin exposure is worse for the wear this year, but that doesn’t mean now is the time for market participants to ignore Bitcoin or ETFs such as BRRR. Actually, the opposite could prove true. In a note out last ... (full story)
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