Vanguard has lifted its ban on exchange-traded index funds for cryptocurrencies, and Bank of America has given the green light to more than 15,000 advisors to recommend an allocation between 1% and 4%.
📊 The value of #بيتكوين surged by 6% after this news; Eric Baltchunas, a Bloomberg exchange-traded index fund analyst, described the surge as the "Vanguard Effect."
Traders' appetite for risk has increased as expectations for a rate cut in December rise, strengthening the double-digit recovery in major corporate currencies, including #ETH and #SOL and #ADA and #LINK. $SOL $ADA $LINK
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
📈 "Vanguard Effect" - Cryptocurrency market recovers above 3 trillion dollars
Vanguard has lifted its ban on exchange-traded index funds for cryptocurrencies, and Bank of America has given the green light to more than 15,000 advisors to recommend an allocation between 1% and 4%.
📊 The value of #بيتكوين surged by 6% after this news; Eric Baltchunas, a Bloomberg exchange-traded index fund analyst, described the surge as the "Vanguard Effect."
Traders' appetite for risk has increased as expectations for a rate cut in December rise, strengthening the double-digit recovery in major corporate currencies, including #ETH and #SOL and #ADA and #LINK.
$SOL
$ADA
$LINK