Spot Bitcoin ETF cumulative trading volume exceeds $50 billion
Powered by @unfolded- The cumulative trading volume for spot Bitcoin ETFs has surpassed $50 billion, reaching this milestone six weeks after receiving approval from the Securities and Exchange Commission.
- The spot Bitcoin ETFs returned to net inflows, bringing in $251.4 million on Thursday, after experiencing net outflows on Wednesday for the first time since Jan. 25.
- The newborn nine spot Bitcoin ETFs are approaching 300,000 BTC in assets under management, amounting to around $14 billion.
- Grayscale's GBTC fund has seen a decrease in assets held by over 25%, falling from around 619,000 BTC on Jan. 11 to 454,660 BTC ($24 billion) as of the latest data.
https://www.theblock.co/post/278798/spot-bitcoin-etf-cumulative-trading-volume-50-billion