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

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 18 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 68%

Finance Nyheter

Bitcoin,Market Capitalization,Etfs

Bitcoin's market capitalization reaches $1 trillion as U.S. spot Bitcoin ETFs attract significant investments, according to Thomas Fahrer, Co-founder of Apollo. The ETFs have drawn approximately $2.2 billion, surpassing the initial four weeks following their launch. Despite challenges, Grayscale remains a market leader.

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 22. in SE

Sverige Senaste nytt, Sverige Rubriker