Digital Coin News

Bitcoin ETFs' Hot Start Seems Largely Driven by Retail Investors

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

The average trade size of BlackRock's iShares Bitcoin Fund , according to one source, is 326 shares, or around $13,000, suggesting that those trades were made by nonprofessional investors.exchange-traded funds since they were launched in January and sentiment around the cryptocurrency has simultaneously improved – a case where reality appears to have matched the hype.

According to his data, the iShares Bitcoin Trust – issued by the world's largest asset manager, BlackRock – is seeing an average of 250,000 trades in a day. The average trade size is 326 shares, or around $13,000, suggesting to Balchunas that those trades were made by nonprofessional investors. ETFs make it easier for individual investors to allocate money into bitcoin and without holding the actual asset themselves. ETFs can be traded through financial advisers or brokerage accounts, paving the way for non-crypto investors to easily put some of their savings into the cryptocurrency.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

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 hits $73K as BTC spot ETFs edge closer to overtaking Gold ETFs in AUMBitcoin (BTC) price has progressively forged north for the past several weeks, breaking past key barriers and inspiring bullish optimism among community members.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEckHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategyHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »