Stunning Success for Bitcoin ETFs: Record Trading in First Three Days of Trading
In recent days, the debut of Bitcoin ETFs has marked an impressive triumph in the world of finance, with extraordinary trading volume reaching nearly $10 billion. This result far exceeded the entire combined activity of all ETFs launched during 2023, which had totaled just $450 million.
In particular, the $IBIT ETF shined, demonstrating superior trading activity among the entire class of new ETFs of 2023. Despite a slight 7.4% decrease in Bitcoin's value during the first three days of trading, the Cryptocurrency-linked ETFs have generated significantly higher flows and trading volumes than gold-linked ETFs.
This spectacular performance underlines the enormous investor interest in Bitcoin-related financial instruments, despite the price fluctuations of the parent cryptocurrency. The enthusiasm shown by investors has exceeded expectations, further solidifying Bitcoin's growing integration into the mainstream financial landscape.
But then why this descent? Obviously the rule "buy the rumors, sell the news" always applies, the important thing in my opinion is to stay and consolidate between 40k and 38k.
