Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally?
- Bitcoin's upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles.
- This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened.
- Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive.