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💰 $9.6 billion in 3 days - ETF analyst highlights remarkable early success of Bitcoin ETFs On Tuesday, the third trading day of the US-based spot Bitcoin exchange-traded funds (ETFs), there was a noticeable drop in activity, with the trading volume falling by 37% compared to the level of January 12, 2024. Most funds closed with a decline of slightly more than 1% against the US dollar, with Grayscale's GBTC taking the lion's share of the trading volume. BlackRock has accumulated 16,362 Bitcoin after only 4 trading days. Imagine how many they will accumulate by the end of this year ... $BTC $ETH $BNB #GRAYSCALE #BlackRockInCrypto #ETFs.

💰 $9.6 billion in 3 days - ETF analyst highlights remarkable early success of Bitcoin ETFs

On Tuesday, the third trading day of the US-based spot Bitcoin exchange-traded funds (ETFs), there was a noticeable drop in activity, with the trading volume falling by 37% compared to the level of January 12, 2024.

Most funds closed with a decline of slightly more than 1% against the US dollar, with Grayscale's GBTC taking the lion's share of the trading volume.

BlackRock has accumulated 16,362 Bitcoin after only 4 trading days.

Imagine how many they will accumulate by the end of this year ...

$BTC $ETH $BNB

#GRAYSCALE #BlackRockInCrypto #ETFs.

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Since the launch of the US spot Bitcoin ETFs, the six largest European Bitcoin ETPs have seen a total outflow of $133.5 million, including $8.5 million today. This indicates that investors are rebalancing their portfolios to the more efficient and cost-effective US ETFs. Why is it more cost-effective for a Bitcoin investment by buying a Bitcoin ETF? A Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin and allows investors to buy and sell shares of the fund on a stock exchange. Bitcoin ETFs offer several advantages over direct methods of investing in Bitcoin, such as: - Lower fees: Bitcoin ETFs typically have lower expense ratios than Bitcoin ETPs, wallets, or exchanges. For example, the Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new Bitcoin funds, at 0.20%. - Higher liquidity: Bitcoin ETFs are traded on major stock exchanges, which means they have higher trading volumes and liquidity than other Bitcoin products. This makes it easier for newbie whale investors to buy and sell shares of the fund at any time. - Greater security: Bitcoin ETFs do not require investors to hold or store Bitcoin themselves, which eliminates the risk of hacking, theft, or loss of private keys. Bitcoin ETFs are also regulated, which provides more oversight and protection for investors. - Tech foolproof: Let's be honest. Not everyone interested in investing their fiat is tech-savvy. Just look at how many user errors costing lost of funds upwards of millions of dollars. ETFs serve this niche market for volatile digital assets. Therefore, you may want to consider buying a Bitcoin ETF as a more cost-effective solution for Bitcoin investment. However, you should also be aware of the risks and challenges involved in investing in Bitcoin, such as volatility, regulation, taxation, and competition. You should do your own research and consult a financial advisor before making any investment decisions. $BTC $ETH $BNB #BitcoinETF💰💰💰 #Europe
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