Bitcoin Expanding Payments Field Could Lift This ETF
Bitcoin shed nearly two-thirds of its value last year, but some crypto experts and market observers remain bullish.
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Bitcoin shed nearly two-thirds of its value last year, but some crypto experts and market observers remain bullish.
However, with some market observers forecasting a bitcoin rebound in the back half of 2023, ETFs such as XBTF could be worth evaluating.
Likewise, the strong dollar has been a drag on digital assets, explaining why ETFs such as DAM and DAPP are scuffling this year.
Crypto ETFs, including XBTF, are levered to bitcoin price action, implying that the funds can get a lift from an expanding usage case.
Some analysts believe the evolution of various networks will speed crypto’s ascent. That could boost the long-term outlook for DAPP.