The introduction of Spot Bitcoin Exchange-Traded Funds (ETFs) have caused quite a stir in the financial markets.

A recent report from CoinShares, an alternative asset manager specializing in digital assets, indicate that Bitcoin spot ETFs offered by leading asset management firms like BlackRock, Fidelity, Bitwise, Grayscale, ProShares and 21Shares have all witnessed inflows north of $700 million in last week alone. Analysts are taken a back by the exceptional performance these investment vehicles are showing in such a short time.

According to the report, CoinShares Head of Research James Butterfill stated that the newly approved spot Bitcoin ETFs have raked in $1.9 billion inflows over…

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