BTC Champ of ETFs
Why is the price of BTC falling?
There’s a BTC sell-off as spot BTC ETFs have made it possible to invest in BTC based on its current market price without having to own the tokens.
What’s the big picture on spot BTC ETFs?
The cumulative trading volume for spot BTC ETFs reached almost USD10 billion within the initial three days of trading.
What’s the lowdown on spot BTC ETFs?
The total volume across 10 spot BTC ETFs reached just over USD1.8 billion on 16 January led by BlackRock’s iShares BTC Trust attracted net inflows of more than USD497 million.
Why are spot BTC ETFs the champ of ETFs?
The total trading volume of spot BTC ETFs on 16 January is more than three times the combined trading volume on the same day for all 500 ETFs launched in the United States in 2023 which amounted to only USD450 million.
Fair to say, spot BTC ETFs have delivered a knockout blow to its peers in the ETF ring.