What are the potential impacts of the SPDR S&P Aerospace & Defense ETF on the cryptocurrency industry?
Nigar BagiyevaSep 07, 2022 · 3 years ago1 answers
How will the SPDR S&P Aerospace & Defense ETF potentially affect the cryptocurrency industry?
1 answers
- Haugaard BuckleySep 15, 2020 · 5 years agoAs 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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