🚀 Bitcoin ETFs Skyrocket! 🚀
Spot Bitcoin ETFs have taken the market by storm, amassing a whopping 938,000 BTC, worth $63.3 billion, in less than a year! This represents 4.5% of Bitcoin's circulating supply, and when combined with other funds, it climbs to 5.2%. 📈
Binance Research reveals that these ETFs have consistently attracted inflows, removing an average of 1,100 BTC daily from the market. Over the past 10 months, Bitcoin ETFs have seen inflows surpassing $21 billion, outpacing the early success of the first Gold ETF. 💰
Retail investors are the driving force, accounting for 80% of the demand, while institutional interest is steadily growing. With top players like BlackRock, Grayscale, and Fidelity leading the charge, Bitcoin ETFs are set for an exciting future! 🌟