Bitcoin ETFs Surpass Silver and Drive Massive Trading Volume
TL;DR Summary
Bitcoin ETFs instantly surpassed silver ETFs in assets after SEC approval, trailing only gold among commodity-focused U.S. ETFs. The conversion of the Grayscale Bitcoin Trust into an ETF resulted in nearly $30 billion in bitcoin ETF assets, compared to silver ETFs' combined $11 billion. The launch of bitcoin ETFs saw historic net inflows, signaling strong demand for bitcoin exposure in financial markets.
- Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities CoinDesk
- Spot Bitcoin ETFs Drive ‘Insane’ $9.8B In Volume Over Three Days The Defiant - DeFi News
- Bitcoin surpasses silver to become second largest ETF commodity in the US The Block - Crypto News
- If You Invested $1,000 In Bitcoin When ETFs Were Filed, Here's What You'd Have Today Yahoo Finance
- Spot bitcoin ETFs draw nearly $2 billion in first three days of trading Reuters
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