10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply
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On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total circulating supply of 19.67 million […]
Less than a year after their launch, spot Bitcoin ETFs have recorded unprecedented growth, boosting investors’ interest and demand for the largest cryptocurrency. A recent report by Binance Research, the research arm of the global cryptocurrency exchange, revealed that bitcoin ETFs have accumulated over 938,000 BTC, worth $63.3 billion. This…
The government shutdown in the US and the coincidence of October, historically known as a bullish month, caused Bitcoin to start October with a sharp rise. At this point, while new records were coming in BTC, this sharp rise also reflected positively on ETFs. According to Farside Investors data, spot…
U.S. spot Bitcoin exchange-traded funds (ETFs) continued to experience outflows, with $37.29 million exiting the products on Wednesday, marking the sixth consecutive day of negative flows. US Spot Bitcoin ETFs Continue to Rise, Losing $37 Million This prolonged streak has put pressure on several leading Bitcoin ETFs, according to SosoValue…