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Perhaps this is why the bitcoin spot ETFs are yet to send crypto prices to the moon

A survey of TechCrunch readers reveals that while the spot ETFs may boost bitcoin's price, they may not be attracting many people who don't own bitcoin.

The long-awaited launch of bitcoin spot ETFs in the United States this year helped engender a wave of optimism that the value of the well-known cryptocurrency would quickly appreciate. While the value of bitcoin has nearly doubled in the past year to around $43,000 today, it has largely traded sideways in recent weeks. Rather impressively, Dara Khan, the head of marketing at Decent DAO’s bitcoin, said her wallet ended up at the “bottom of the ocean, lost it in a boating accident :(.”

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