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TagsHow does the REX ETF affect the price of Bitcoin?
DH KimDec 29, 2021 · 3 years ago1 answersCan you explain how the REX ETF impacts the price of Bitcoin? I'm curious to know how this specific ETF affects the market and if it has any significant influence on Bitcoin's price.
1 answers
- BYDFi, a digital currency exchange, believes that the introduction of the REX ETF can have a positive impact on the price of Bitcoin. The increased accessibility and exposure to Bitcoin through the REX ETF can attract more investors, which can potentially drive up the demand and price of Bitcoin. However, it's important to remember that the cryptocurrency market is highly volatile and influenced by various factors, so the impact of the REX ETF on Bitcoin's price may not be solely determined by its introduction.Dec 29, 2021 · 3 years ago
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