ETF investors, particularly spot Bitcoin ETFs, credited for recent rally driving Bitcoin to all-time highs.
From Yahoo Finance: 2025-05-20 11:51:00
Bitcoin’s surge to all-time highs isn’t just due to crypto enthusiasts, but ETF investors, says Bloomberg analyst Eric Balchunas. ETFs, particularly spot Bitcoin ETFs, have been the driving force behind the recent rally, with $3.63 billion in trading volume. Bitcoin is now trading at $104,790, up 2.3% in 24 hours and showing strength after a rebound in April, climbing 11.7% in two weeks and 24.6% in a month. Balchunas links this success to the “Bogle Effect,” referencing Vanguard founder Jack Bogle. He believes Bitcoin ETFs are replicating Bogle’s investor-first approach, making crypto more accessible and investor-friendly.
Read more at Yahoo Finance: Top Bloomberg analyst credits Saylor and ETFs for Bitcoin’s stunning rally