Bitcoin ETF Trading Occupies An Important Position In The Top 10 US ETFs –

Key Points:

• Three Bitcoin ETFs hit the top 10 most traded last week, reflecting rising investor interest in cryptocurrency assets.
• Investors injected a substantial $1.9 billion into nine new ETFs within the first three days of Bitcoin ETF trading.

In a notable development, three Bitcoin exchange-traded funds (ETFs) emerged among the top 10 most traded ETFs in the past week, underscoring a growing investor appetite for cryptocurrency-related assets. The surge in Bitcoin ETF trading follows the recent launch of spot Bitcoin ETFs, introduced just last Thursday.

Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice

Bitcoin ETF Trading Dominates Top ETFs Chart

Investors have demonstrated a strong response to the new wave of US Bitcoin ETFs, channeling an impressive $1.9 billion into nine distinct funds that track the spot price of Bitcoin within their initial three days of trading. Major players in the financial landscape, including BlackRock and Fidelity, have proven to be instrumental in driving the majority of these substantial inflows.

Contrary to the rapid post-launch success of the ProShares Bitcoin Strategy ETF in 2021, which secured a record-breaking $1.2 billion within its initial three days, the collective influx into the latest batch of ETFs has surpassed these benchmarks.

Additionally, the SPDR Gold Shares ETF, launched in 2004, attracted $1.13 billion in its first three days, further highlighting the considerable traction gained by the new Bitcoin ETFs.

While the investments in these highly anticipated ETFs, approved by the U.S. Securities and Exchange Commission on January 11, didn’t reach the most optimistic projections of billion-dollar first-day flows, the substantial capital injection during the initial trading days signals a promising start. The industry now keenly awaits to see if Bitcoin ETF trading can sustain this early momentum in the weeks to come.

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