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

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Approaches $45,000 With US Spot ETFs Showing Steady InflowsBitcoin topped $45,000 for the first time in almost a month with the US exchange-traded funds holding the digital currency seeing a steady inflow of cash from investors and risk appetite rising across financial markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Wall Street ‘loves Bitcoin’ – What execs say about the $50k price pumpBitcoin hits $50k while ETFs drive demand. Saylor and Pompliano highlight BTC's appeal and Wall Street's growing interest.
Source: CryptoAmb - 🏆 22. / 68 Read more »