Posted 2/13/2024, 7:20:39 PM
Bitcoin ETFs See Explosive Growth, Surpassing Gold ETF Traction in Just One Month
- Bitcoin spot ETFs in the U.S. have reached over $3 billion in net flows in one month, surpassing gold ETFs's first 20 years
- Excluding Grayscale, Bitcoin spot ETF inflows are nearing $10 billion
- It took the GLD gold ETF nearly 2 years to reach $3 billion in assets
- Bitcoin spot ETF assets now total over $30 billion (690,000 BTC), making it the 2nd largest ETF commodity in the U.S. after gold
- Bitcoin price has reached a 2-year high above $50,000 since the launch of Bitcoin ETFs