The numbers don't lie: the Bitcoin Exchange Traded Funds (ETFs) It was approved in January and was very popular.
Farside Investors Information It shows That total net income of Bitcoin ETFs now stands at $20.2 billion. This also accounts for the $20 billion that ran away from the grayscale fund.
In the ETF world, flows are the amount of money going in and out of a product. They are a good measure of how well a fund is performing because it shows how active the vehicle is.
Investors have put billions of dollars into the fund but have withdrawn billions from grayscale GBTC. Greyscale's investment product previously operated as a closed-end fund, making it difficult for investors to redeem shares. A. which changed in January Flood of capital The product when investors look for cheap ETFs or spend their hard earned money.
But Greyscale's clients are more or less done with cashing out, it seems, and the money is quickly flowing into Bitcoin ETFs from other issuers.Especially this weekIt already has nearly $2 billion in revenue.
Of the 10 ETFs currently trading, Wall Street titan BlackRock's iShares Bitcoin Trust takes the lion's share, with more than $22.4 billion in assets, Farside numbers show.
Bloomberg ETF analyst Eric Balchunas wrote on X (formerly Twitter) that it took five years for gold ETFs to match the total inflows of Bitcoin ETFs in 10 months.
ETFs allow investors to buy stocks that track the value of an asset, which can range from gold and foreign currencies to Bitcoin and technology stocks.
US Securities and Exchange Commission (SEC) He gave the green light to 10 place Coins traded in Bitcoin In January after ten years of rejection.
A flood of capital quickly entered the scene following the approval of the products, investors and institutions may be cautious about buying kriptovalyutnogo through brokerage accounts. Major asset managers like BlackRock, Grayscale and Fidelity take care of protection by buying and selling the digital coins.
Analysts then delayed Putting cash into the products when there is uncertainty about what the Federal Reserve will do in the face of historically high interest rates. But following the central bank Decision Investors have regained appetite for “at-risk” assets like Bitcoin to cut last month.
The price of Bitcoin It is currently stopped At $67,373, according to CoinGecko, after rising about 11% in seven days. Two months after the adoption of Bitcoin ETFs, the largest digital coin hit a new all-time high of $73,737.
Balchunas earlier They spoke Decrypt Bitcoin, which has experienced ups and downs this year, would struggle to maintain its value without investment vehicles trading on the new US stock exchange.
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