Bitcoin ETF volumes leave no doubt about the road forward despite BTC price hurdles over the past week, analysts conclude.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen eight-figure trading volumes in the three days since their launch in the United States.
Data from Bloomberg Intelligence analyst James Seyffart uploaded to X (formerly Twitter) shows that as of Jan. 16, spot ETF volumes had passed $10 billion.
Bitcoin’s newest ETFs have caused controversy since their Jan. 11 debut, with frenetic trading activity having little tangible impact on BTC price growth.
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Source: https://cointelegraph.com/news/bitcoin-spot-etf-volumes-10b-gbtc-sales