Microstrategy’s Michael Saylor Says Spot Ethereum ETFs Approvals Is Good For Bitcoin, Here’s Why

Michael Saylor, Microstrategy’s CEO, believes that the approval of Spot Ethereum ETFs is good news for Bitcoin. He argues that as institutions begin investing in these ETFs, demand for Bitcoin will increase due to its correlation with the stock market’s performance. Additionally, he expects investors to use ETFs to gain exposure to cryptocurrencies without directly holding them, thus increasing Bitcoin’s value.