Crypto
Bitcoin ETFs Soar as Investor Sentiment Shifts Towards Optimism
In just three weeks, Bitcoin ETFs have pulled in more than $3.8 billion from investors.
The sudden change in investor sentiment is not a result of any underlying changes to the fundamentals of Bitcoin itself.
Given its long-term growth prospects, Bitcoin appears undervalued at current prices.
A recent change in market sentiment towards Bitcoin is largely attributed to two events: the high-level meeting of top crypto executives at the White House and the U.S. Treasury Department's decision to step up its buyback of long-term government debt.