Spot Bitcoin ETFs Secure Another 10,600 BTC in Fifth Day Trading Surge
Spot Bitcoin ETFs have secured another 10,600 BTC in the fifth day of trading surge, as per the latest data from Arcane Research. The ETFs have continued to attract significant interest from investors, with the total BTC holdings now standing at 10,600 BTC, which is worth approximately $500 million at current prices.
The surge in trading activity comes after the successful launch of the first spot Bitcoin ETFs in the US earlier this month. The ETFs have seen strong demand from both retail and institutional investors, as they provide a convenient way to gain exposure to Bitcoin without having to hold the digital asset directly.
The recent surge in BTC holdings by the spot Bitcoin ETFs reflects the growing demand for Bitcoin exposure among investors, as well as the increasing acceptance of Bitcoin as a legitimate asset class. With the total BTC holdings now standing at 10,600 BTC, the spot Bitcoin ETFs are quickly becoming a significant player in the Bitcoin market. As more investors seek exposure to Bitcoin, the ETFs are likely to continue to attract significant interest and grow their BTC holdings even further.
19 січня 2024
