The resounding success of spot Bitcoin ETFs has been a boon for the price of Bitcoin, and its timing could not have been better. Why? The age-old principle of supply and demand. 

In April, Bitcoin will experience its next ‘halving’, an event that occurs programmatically on the Bitcoin blockchain roughly every four years. With this, Bitcoin rewards for miners, the individuals responsible for securing the Bitcoin network, will be cut in half as a way to keep inflation in check. For the newly minted ETF issuers, already riding a surge in demand since approval, this can mean a boost for Bitcoin.

Matthew Hougan, the chief investment officer for Bitwise, whose BITB ETF is among the 10 currently operating, calls the mix of supply and demand forces a “good recipe for higher prices.”

“If this demand persists, you’re going to see that investors who have held Bitcoin before the ETFs agree to sell it into the ETF complex,” he told Decrypt. “I think the question for investors is at what point is that?”

Bitcoin ETFs are investment products that are bought and sold like stocks, which means investors in ETFs c

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Author: Nicholas Morgan

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