Bitcoin Exchange-Traded Funds (ETFs) have been making significant waves in the Bitcoin market, surpassing even MicroStrategy Bitcoin holdings. The new bitcoin investment vehicles have effectively surpassed MicroStrategy’s 3-year stacking spree in less than a month.
Spot Bitcoin ETFs Gain Momentum
In recent weeks, spot Bitcoin ETFs have seen a surge in popularity, attracting billions of dollars from investors seeking exposure to bitcoin without the hassle of directly purchasing and storing the digital asset. These ETFs, excluding Grayscale’s GBTC, have quickly amassed over 192,000 Bitcoins, according to data from Apollo.
Bitcoin holdings of different companies and ETFs —… Read more on bitcoinnews