Bitcoin ETF will affect LTC
Yes, Litecoin will be affected by the Bitcoin ETF and I will explain how it will.
But first what is ETF?
A #crypto ETF, or Exchange-Traded Fund, is an investment fund that trades on stock exchanges and holds a diversified portfolio of cryptocurrencies.
It allows investors to gain exposure to the cryptocurrency market without directly owning the digital assets.
However, the availability and regulation of crypto ETFs vary by country.
Now on to how #bitcoin ETF will affect LTC👇
The value of different altcoins is often tied to Bitcoin. The price of altcoins could go down if Bitcoin goes down and vice versa.
However, not all Altcoins follows Bitcoin's price trend.
Litecoin is an Altcoin that follows Bitcoin's trend.
Kindly share your thoughts.