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Within 13 days of spot BTC ETF trading, over 150,000 BTC have been accumulated

Within 13 days of spot BTC ETF trading, over 150,000 BTC have been accumulated

2024/01/31 06:19

The latest data from K33 Research shows that within 13 days of spot BTC ETF trading, over 150,000 BTC have been accumulated. According to BitMEX Research's data, the net inflows into these new spot ETFs are quite substantial, exceeding $1 billion just yesterday alone. According to IntoTheBlock's data, the surge in capital inflow marks a significant shift in market dynamics with GBTC's once dominant trading volume market share shrinking to 36%. This drop contrasts sharply with the peak of 63.9% set on January 17th.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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