"Wall Street's Caution: Why Bitcoin ETFs Haven't Launched Crypto to the Moon Yet"

The launch of bitcoin spot ETFs in the US has not led to the anticipated surge in cryptocurrency prices, with bitcoin trading largely sideways despite nearly doubling in value over the past year. A TechCrunch survey revealed that about a quarter of respondents who already own bitcoin do not intend to buy it via an ETF, and hold their coins in various locations including self-custody, Coinbase, and KuCoin. The impact of these new investing vehicles on bitcoin's value and the crypto market remains uncertain.