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CryptoQuant CEO: Top of This Bull Market May Be Driven by Institutional Funds and Bitcoin ETFs Outside the US

OdailyOdaily
BTCUSDT--QNTUSDT--

Odaily News: CryptoQuant CEO Ki Young Ju said on the X platform that the top of this bull market may be driven by institutional funds and ETFs outside the US. South Korea still does not have a spot Bitcoin ETF, retail investors cannot buy overseas ETFs, and companies cannot even open exchange accounts to purchase Bitcoin.

So far, this rally has been mainly driven by adoption in the US market, but the next phase will be a global institutionalization process, with further strengthening of stablecoin liquidity and development of real-world asset channels. More institutions will hold Bitcoin as a strategic asset, and many countries that currently lack ETFs will improve their investment channels. The top of this bull market may appear when a banker at a regional bank in South Korea recommends a spot Bitcoin ETF to elderly clients for savings.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.