Bitcoin Market Cap Surpasses $1 Trillion as ETFs Attract Massive Investments

Regained its $1 trillion market capitalization, a level not seen since late 2021. This surge in market value was predominantly driven by considerable inflows into U.S. spot Bitcoin exchange-traded funds (ETFs). Thomas Fahrer, Co-founder of the BTC tracking platform Apollo, took to X (formerly Twitter) to highlight the extraordinary influx of investments. Have drawn approximately $2.2 billion at current prices – A pace of accumulation that outstrips the initial four weeks following their launch.

“The tracking has been really remarkable. We’ve seen the Bitcoin ETFs really doing a great job of holding very tight… and we’ve seen a liquidity profile that has been indicative of what we anticipated.” Despite these challenges, Grayscale has maintained its leading position in the market. At press time, GBTC held a staggering 461,983 BT

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