👽✌🏻🔥Why is this Bitcoin Miner Making Waves on the NYSE? 🚀
📈 Institutional Movements that Set Trends
Just an hour ago, the Bitcoin miner Cango announced that it will end its ADR plan by the end of November and will list directly on the New York Stock Exchange. This move aims to increase its appeal to institutional investors and send a positive signal to the market amid growing interest in digital assets.
💼 Capital Flows: Opportunity or Warning?
Despite the announcement, Bitcoin spot ETFs in the U.S. recorded a net outflow of 104 million dollars yesterday. This figure reflects a cautious attitude from short-term investors, which could be interpreted as an accumulation opportunity before a possible rebound.
🔍 Intriguing Fact:
Did you know that 80% of publicly traded Bitcoin miners have recorded gains exceeding 200% in the last 12 months? Cango aims to replicate this success with its new strategy on the NYSE.
