Key Points:
Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
Investors have demonstrated a strong response to the new wave of US Bitcoin ETFs, channeling an impressive $1.9 billion into nine distinct funds that track the spot price of Bitcoin within their initial three days of trading. Major players in the financial landscape, including BlackRock and Fidelity, have proven to be instrumental in driving the majority of these substantial inflows.
Contrary to the rapid post-launch success of the ProShares Bitcoin Strategy ETF in 2021, which secured a record-breaking $1.2 billion within its initial three days, the collective influx into the latest batch of ETFs has surpassed these benchmarks.
Additionally, the SPDR Gold Shares ETF, launched in 2004, attracted $1.13 billion in its first three days, further highlighting the considerable traction gained by the new Bitcoin ETFs.
While the investments in these highly anticipated ETFs, approved by the U.S. Securities and Exchange Commission on January 11, didn’t reach the most optimistic projections of billion-dollar first-day flows, the substantial capital injection during the initial trading days signals a promising start. The industry now keenly awaits to see if Bitcoin ETF trading can sustain this early momentum in the weeks to come.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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