In a recent episode of ‘Closing Bell Overtime’, Dana D’Aurio, Co-CIO of Envestnet, and Tracie McMillion, Head of Global Asset Allocation Strategy at Wells Fargo, discussed the current market dynamics by emphasizing the impact of Bitcoin ETFs on BTC.
The discussion touched upon the extraordinary performance of various asset classes, especially gold and Bitcoin, both reaching record highs.
D’Aurio specifically attributed Bitcoin’s price increase to the SEC’s approval of Bitcoin ETFs.