🌟 Bitcoin ETFs Register Impressive Growth in Their First Year
Almost a year has passed since the introduction of spot Bitcoin ETFs in the United States, and the growth has been significant. According to Farside Investors, Bitcoin ETFs have attracted $34.3 billion in net inflows, with BlackRock's iShares Bitcoin Trust (IBIT) leading at $35 billion. The influx of capital has been steady, recording net inflows on 158 of the 231 trading days. BlackRock's IBIT already surpasses the Gold Trust of the same firm by $17 billion, although it still lags behind the SPDR Gold Shares (GLD).
What implications does this growth have for the future of cryptocurrency investments and institutional adoption? 🤔
