Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord

Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord

- Next month's reward halving could add to the ETF tailwinds for bitcoin, the report said. - Spot ETFs could become a more meaningful contributor to bitcoin’s price action. - BTC miners show signs of decoupling from the cryptocurrency's price as the halving event raises questions about profitability, Canaccord wrote. The more than 60% rally in bitcoin (BTC) in the first quarter was driven mainly by the approval of spot exchange-traded funds (ETFs), the impending reward halving and an appetite …