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Jan 30, 2024, 8:19 PM
Jan 30, 2024, 8:19 PM
CNBC

The same way they did gold, the launch of new Exchange Traded Funds may not affect bitcoin the same way

Citigroup American investment bank and financial services corporation customer Support 08088175528
CNBC
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Source
Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why

Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Bitcoin returns to high correlations with stocks, according to Citi. Citi: Maybe ETFs could benefit bitcoin down the road, but near term, it's more likely the cryptocurrency will return to high correlation with stocks.

CNBC
/
Source
Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why

Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Bitcoin returns to high correlations with stocks, according to Citi. Citi: Maybe ETFs could benefit bitcoin down the road, but near term, it's more likely the cryptocurrency will return to high correlation with stocks.

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