đ Bitcoin ETFs are making waves! đ Since their launch in Jan 2024, they've attracted a whopping $18.9B and now hold 869k BTC, about 4% of all Bitcoin. That's some serious HODLing! đȘ
But wait, there's more! Despite all the buzz, ETF trading volume is just 3% of the total Bitcoin market. Talk about an underdog story! đ¶
The "basis trade" is fueling some of these inflows, with investors cashing in on price differences between spot and futures. Smart moves, right? đĄ
What do you think? Will Bitcoin ETFs keep growing? Drop your thoughts below! đ #DeFi #Web3 #BitcoinETFs