Invest in Crypto-ETPs for Bitcoin & Co. Now!
In a recently published article by stock3 Börsennews, the increasing popularity of Crypto-ETPs (Exchange Traded Products) is highlighted, particularly in anticipation of the upcoming Bitcoin Halving in April 2024. These products allow investors to invest in cryptocurrencies such as Bitcoin and Ethereum without having to buy the coins directly.
Crypto-ETPs are not only a secure investment option due to the physical backing of assets in cold storage, but they are also cost-efficient with low ongoing fees. Currently, WisdomTree offers a wide range of these ETPs, including Basket-ETPs that cover multiple cryptocurrencies. The performance of Bitcoin around previous halvings suggests that a significant price increase could follow—a trend that both new and experienced investors could capitalize on.
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Why Bitcoin and Ethereum Are Falling at the Start of the Week
According to a report by Bitcoin2Go, both Bitcoin and Ethereum are experiencing a noticeable decline in their market values at the beginning of the week. Experts attribute this to poor economic outlooks in the USA - specifically fears of stagflation following weak growth data from the first quarter of 2024.
A detailed analysis reveals a direct correlation between these macroeconomic trends and behavior in the crypto market: Decreasing consumer confidence and reduced spending apparently have a strong influence on the demand for digital assets like BTC or ETH. This downturn may be temporary; however, uncertainty remains about which long-term effects this development might have.
How Are Bitcoin & Co. Prices Developing?
Further market analysis by finanzen.net shows that, in addition to the aforementioned main actors, other digital currencies are also affected. The overall picture mostly displays negative developments for many top cryptos within a single day period. It seems to be a rough start to the week for many investors, possibly due to global economic uncertainties that advise investors to proceed with caution.
