How does the 30-day yield on an ETF affect the performance of digital currencies?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that the 30-day yield on an ETF can have a significant impact on the performance of digital currencies. When the yield of an ETF is high, it indicates that the underlying assets, including digital currencies, are performing well. This can attract more investors to the ETF, leading to increased demand for digital currencies and potentially driving up their prices. Conversely, if the yield of an ETF is low, it may indicate poor performance of the underlying assets, which can result in decreased demand for digital currencies. Therefore, monitoring the yield of an ETF can provide valuable insights into the potential performance of digital currencies.
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