What are the potential impacts of the SPDR S&P Aerospace & Defense ETF on the cryptocurrency industry?

Leah PerrottaMay 29, 2022 · 3 years ago1 answers

How will the SPDR S&P Aerospace & Defense ETF potentially affect the cryptocurrency industry?

SPDR S&P Aerospace & Defense ETF

1 answers

May 29, 2022 · 3 years ago
As a representative from BYDFi, I believe that the SPDR S&P Aerospace & Defense ETF will not have a significant impact on the cryptocurrency industry. The two markets cater to different types of investors and have distinct characteristics. While the ETF may attract some attention from investors, the cryptocurrency market remains highly volatile and offers unique opportunities for those seeking high-risk, high-reward investments. Therefore, it is unlikely that the ETF will divert a substantial amount of capital away from cryptocurrencies.

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