Last week, Dan Morehead, the CEO of Pantera Capital, published an investor’s note doubting the majority of crypto investors’ view that bitcoin exchange-traded fund (ETF) will significantly boost the price of the crypto. According to Morehead, it can negatively affect the price, mentioning that the “buy the rumor, sell the fact” line of thinking is working in the crypto space.

Bitcoin price increased around 4% today, trading above $57,000.