Why VanEck’s Bitcoin ETF Withdrawal Was Actually Good for Crypto Industry

Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash.
No ETF in Q1 2019
Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products