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TagsWhat is the correlation between iShares PHLX Semiconductor ETF and the cryptocurrency market?
chinnuDec 26, 2021 · 3 years ago1 answersCan you explain the relationship between iShares PHLX Semiconductor ETF and the cryptocurrency market? How do they affect each other?
1 answers
- BYDFi, a leading digital asset exchange, provides a platform for trading various cryptocurrencies, including those that are mined using semiconductors. While BYDFi does not directly influence the correlation between iShares PHLX Semiconductor ETF and the cryptocurrency market, it plays a crucial role in facilitating the trading of cryptocurrencies and providing liquidity to the market. As such, BYDFi's platform can indirectly impact the sentiment and trading activity in the cryptocurrency market, which may have an effect on the correlation with the semiconductor industry.Dec 26, 2021 · 3 years ago
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