•Spot BTC ETFs have made their US debut to a strong start, recording significant trading volumes in their opening week. James Seyphart, ETF strategist at Bloomberg, reported. Cumulative trading volumes for all spot Bitcoin ETFs exceeded $10 billion during the first three days of their launch.
•Trade Bitcoin ETFs According to Insights from Bloomberg Analyst James Seyfart. The total trading volume of US Bitcoin ETFs over a three-day period reached nearly $10 billion.
•It is worth noting that during this period. Grayscale's GBTC recorded a three-day trading volume of $5.174 billion. BlackRock's IBIT was $1.997 billion, and FBTC saw $1.479 billion in trading volume. The cumulative trading volume of the three Bitcoin spot ETFs is $9.771 billion. Which indicates significant investor activity in the cryptocurrency market.
•By analyzing recent launches of ETFs. James Seyphart points out that, by most measures, these launches have proven to be very successful. It indicates a Wisdomtree exception. Whose assets currently stand at just $3.25 million. Seyfart confirms that this is only the third day since its launch. Stressing that the competition is a long-term journey that includes the potential for growth and development.
•In another development, ProShares has taken an important step into the cryptocurrency investment landscape by filing with the US Securities and Exchange Commission (SEC) for five bitcoin ETFs. These ETFs will track . Ranging from -2x to +2x, daily performance of the Bloomberg Galaxy Bitcoin Index.
•Specific indices and fees for leveraged ETFs have not yet been determined. However, these measures are tentatively scheduled to take effect on April 1. Subject to obtaining regulatory approval. ProShares aims to provide investors with diversified opportunities to engage with the Bitcoin spot market through a range of leverage options pending review and approval process by the SEC.
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