The cumulative trading volume for spot Bitcoin ETFs has impressively surpassed the $50 billion mark, achieving this significant milestone in a mere six weeks.
It's crucial, however, to recognize that the daily trading volume of Bitcoin itself on the crypto market exceeds $22 billion. 🚀
The surge in volume is attributed to major funds bolstering their Bitcoin holdings and drawing in investors: - 🌟 Fidelity Investments led the charge in financial contributions over the last day, boasting an inflow exceeding $158 million. - 🥈 BlackRock followed closely, with an impressive inflow of $125 million. - 📈 Other key players like VanEck, Valkyrie, WisdomTree Investments, Bitwise Asset Management, Ark Invest, and 21 Shares each added $10 million to their coffers. - Meanwhile, Invesco/Galaxy Digital and Franklin Templeton saw no new financial injections. - 🔻 Grayscale found itself on the other end of the spectrum, experiencing a decline with an outflow of more than $55 million in a single day. #BTC # ETFsApproval #crypto2024
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BTC-ETF - demand continues to grow!
The cumulative trading volume for spot Bitcoin ETFs has impressively surpassed the $50 billion mark, achieving this significant milestone in a mere six weeks.
It's crucial, however, to recognize that the daily trading volume of Bitcoin itself on the crypto market exceeds $22 billion. 🚀
The surge in volume is attributed to major funds bolstering their Bitcoin holdings and drawing in investors:
- 🌟 Fidelity Investments led the charge in financial contributions over the last day, boasting an inflow exceeding $158 million.
- 🥈 BlackRock followed closely, with an impressive inflow of $125 million.
- 📈 Other key players like VanEck, Valkyrie, WisdomTree Investments, Bitwise Asset Management, Ark Invest, and 21 Shares each added $10 million to their coffers.
- Meanwhile, Invesco/Galaxy Digital and Franklin Templeton saw no new financial injections.
- 🔻 Grayscale found itself on the other end of the spectrum, experiencing a decline with an outflow of more than $55 million in a single day.
#BTC # ETFsApproval #crypto2024