First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.

Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.

BITO, GBTC trade $2.5 billion 

Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind.

In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand.

As noted by Bloomberg senior ETF analyst Eric Balchunas, at least two household names saw…

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