Canaccord Genuity: Spot Bitcoin ETFs are driving additional demand for the underlying cryptocurrency itself

Golden Finance reported that brokerage Canaccord Genuity said in a research report that many investors believe that related cryptocurrencies are more attractive than spot Bitcoin ETFs in the coming months due to their hedging capabilities and the ability to hold to generate income. Spot Bitcoin ETFs will be added to multiple registered investment advisor (RIA) platforms and large broker/dealer offline trading centers. Some institutions, especially sovereign wealth funds, are likely to have invested in Bitcoin and are expected to do so in the next few The month will see announcements from such investors.