Bitcoin price shows ‘absurd strength’ as ETF investors continue to hold the asset, analysts say

When Bitcoin exchange-traded funds went live, some scoffed that elderly investors could finally buy Bitcoin in peace. Now it seems that those investors are keeping Bitcoin’s price afloat. “ETF investors have largely displayed diamond hands during [the] recent Bitcoin downturn,” Nate Geraci, co-founder of the ETF Institute, said on X on Friday. Diamond hands refers to holding a financial asset and not selling it, regardless of its volatility. As Bitcoin plunged to the lower $60,000 range from its Octob ...