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Spot Bitcoin ETFs Gain Tremendous Inflows, Emerging as Rival to Other ETFs

Spot Bitcoin ETFs Gain Tremendous Inflows, Emerging as Rival to Other ETFs

CointimeCointime2024/02/16 01:38
By:Cointime

Bitcoin ETFs have recently gained significant inflows, surpassing the ProShares Bitcoin futures ETF in popularity. Nine new ETFs that invest directly in Bitcoin have drawn in over $10 billion in capital since their US debut in January. Blackrock's IBIT has also seen a surge in inflows, increasing to over $5 billion in just 23 trading days. Experts predict that the market size and assets under management for Bitcoin ETFs will continue to rise in the future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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