The Bitcoin market witnessed a seismic shift in the past week with the introduction of Bitcoin Spot Exchange-Traded Funds (ETFs). The impact has been profound, as outlined in the data compiled from various sources.
Bitcoin Spot ETFs Drive Unprecedented Volume
In the first week of trading, spot Bitcoin ETFs collectively recorded a staggering $14 billion in volume, marking a significant milestone in the Bitcoin space.
Notably, this volume eclipses the combined trading activity of 500 traditional ETFs launched in 2023, as noted by Eric Balchunas, Bloomberg Intelligence analyst, emphasizing the immense interest and demand for these newly introduced…
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